J P M O R G A N North America Equity Research 07 December 2025 Broadcom Inc F4Q25 Preview: Expect Beat/Raise On AI Strength; Strong TPU v6 (Ironwood) And AI Networking; Next Gen TPU v7 Set To Ramp Mid CY26; See >$50B AI Revenues Next Year; Reit OW Broadcom is set to report Oct quarter (F4Q25) earnings Thursday, and we continue to see a strong demand profile for its AI products (custom ASICs and networking solutions), gradually improving non-AI semi business (e.g., enterprise, server/ storage, broadband) and ...