尽管摩根大通也认为博通第四季度的业绩将超过预期，但由于其核心半导体业务的季节性趋势，预计下一季度的营收预期可能会有所下调。摩根大通的分析师在一份报告中表示：“总体而言，对于2025财年，我们认为不存在任何收入风险，实际上，预计全年收入和每股收益将上升，并且预计其AI产品的需求将继续保持强劲。”Broadcom is expected to announce its fourth quarter earnings report after the market closes on Thursday, December 12.
$Broadcom (AVGO.US)$ It is expected that the fourth quarter earnings report will be released after the market closes on Thursday, December 12, with the market generally expecting the company to achieve positive growth, mainly driven by the recovery of the non-AI semiconductor business. Wall Street Analysts expect Broadcom's EPS to reach $1.39, with revenue estimated at $14.06 billion, an increase of 51.2% compared to the same period last year.
As Broadcom approaches the release of its fourth quarter earnings, Citigroup has reiterated its "Buy" rating for the company and raised the Target Price. The bank's Analyst Christopher Daniele pointed out in a report that Broadcom's performance is expected to exceed expectations, thanks to the recovery of the non-AI semiconductor business, and the outlook for gross margin is better than expected due to the improvement in the Software portfolio.
Although JPMorgan also believes that Broadcom's fourth quarter performance will exceed expectations, the revenue forecast for the next quarter may be adjusted downward due to seasonal trends in its core semiconductor business. JPMorgan's Analyst stated in a report, "Overall, we do not see any revenue risk for fiscal 2025; in fact, we expect full-year revenue and EPS to rise, and we anticipate that demand for its AI products will remain strong."
Broadcom's performance has consistently exceeded market expectations, with its revenue and EPS exceeding expectations 100% of the time over the past two years. The AI-centered Global Strategy has brought returns to Broadcom this year, with its stock price rising over 58% year to date, outperforming the 26% increase.$S&P 500 Index (.SPX.US)$Over the past three months, there have been some revisions to Broadcom's financial estimates, with EPS estimates raised seven times and lowered twice, and revenue estimates raised six times and lowered twice.
Although Broadcom's performance forecast for the last quarter was below expectations, disappointing some investors, the company expects fourth-quarter revenue to be $14 billion, with adjusted EBITDA accounting for approximately 64% of total revenue, indicating that its financial condition remains robust.
Editor/rice
