Broadcom(US:AVGO) 智通财经网·2025-12-08 04:17Core Viewpoint - Broadcom (AVGO.US) is expected to report strong Q4 results for FY2025, driven by its critical role in Google's AI ecosystem and robust growth in AI spending, with revenue projected to increase by 24.5% year-over-year to $17.5 billion and adjusted EPS expected to rise by 31% to $1.87 [1] Group 1: Financial Performance Expectations - Wall Street anticipates Broadcom's Q4 revenue to grow by 24.5% to $17.5 billion, with adjusted EPS increasing by 31% to $1.87 [1] - Citigroup forecasts Broadcom's AI business revenue to grow by 147% in FY2026, reaching approximately $49.3 billion, increasing its share of total revenue from 31% in FY2025 to 53% [3] - Goldman Sachs predicts Broadcom's FY2026 revenue to be $45.4 billion (up 128%) and further growth to $77.3 billion in FY2027 [4] Group 2: Strategic Partnerships and Market Position - Broadcom is a key player in the "Google ecosystem," primarily through its ASIC business, which is crucial for Google's AI infrastructure [1] - Google is Broadcom's main customer for ASICs, and the collaboration has led to the development of Google's TPU, a specialized AI chip [1] - Broadcom has also partnered with OpenAI and Meta to develop custom AI accelerators, indicating a strong position in the AI market [3] Group 3: Market Sentiment and Analyst Ratings - Analysts from Citigroup and Goldman Sachs have issued positive ratings for Broadcom, with target prices set at $415 and $435 respectively, reflecting optimism about future earnings growth [5][6] - Melius Research and Wedbush analysts have reiterated "buy" ratings for Broadcom, highlighting the significant growth potential in the ASIC market driven by partnerships with Google and other tech companies [7]