博通公司：2025 财年第四季度财报前瞻：谷歌向外部客户推广 TPU+AI 业务强劲，预计业绩超预期并上调指引，重申买入评级

Vi e w p o i n t | 04 Dec 2025 03:00:00 ET │ 16 pages Broadcom Inc (AVGO.O) F4Q25 Earnings Preview: Expect Beat and Raise as Google Ramps TPU With External Customers + Strength in AI. Reiterate Buy. CITI'S TAKE Broadcom will release F4Q25 results on December 11, after market close. We expect AVGO to report results above Consensus, driven by continued AI strength (31% of F25E sales), particularly as Google extends its TPUs to external customers. We estimate AI sales to grow 147% YoY to roughly $49.3 billion ...