Broadcom Expected to Report Higher Sales, Shed Light on AI Landscape -- Earnings Preview

By Katherine Hamilton

Broadcom is scheduled to report its fourth-quarter financial results after the market closes on Thursday. Here is what to know.

REVENUE: The semiconductor supplier is expected to report $17.47 billion in sales, up from $14.05 billion in the previous fourth quarter, according to FactSet.

NET INCOME: The Palo Alto, Calif., company is expected to post a profit of $9.25 billion, compared with $4.32 billion the year before, according to FactSet.

ADJUSTED EARNINGS: Stripping out certain one-time items, earnings are expected to come in at $1.87 a share, up from $1.42 a share the prior year.

The stock has risen 9% during the past three months and recently traded around $403.75.

WHAT TO WATCH

--Like Nvidia, Broadcom can give insight into the state of the artificial-intelligence industry, and investors will be listening closely to what Chief Executive Hock Tan says about the landscape.

--Broadcom's tensor processing units (TPUs) are the primary competitor to Nvidia's GPUs, Melius Research analyst Ben Reitzes says. Besides GPUs, TPUs are the most proven AI chip and are gaining more momentum because Broadcom and Google have been developing the chip together for nearly a decade now, Reitzes says. Broadcom's TPU could represent a long-term threat to Amazon Web Services and OpenAI, he adds.

--Beyond its long-time partnership with Google, Broadcom is also looking at selling more TPUs to Anthropic and possibly Meta in the coming years, Reitzes says. Investors will be looking to see how much AI revenue Broadcom expects in the next two fiscal years as it adds more customers, he says.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

December 10, 2025 13:42 ET (18:42 GMT)

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