tech
March 4, 2026
Broadcom earnings are out after market close. What top analysts are expecting
Analysts from firms including Morgan Stanley, UBS and JPMorgan are notably bullish on Broadcom's TPU business.
TL;DR
- Broadcom's stock has seen significant gains in recent years, driven by demand for its custom AI accelerator chips (ASICs).
- Concerns exist around customer-owned tooling (COT) and potential competition, particularly from Google's partnership with MediaTek.
- Many analysts remain confident in Broadcom's custom chip business, expecting strong demand for Tensor Processing Units (TPUs).
- Firms like Morgan Stanley, UBS, and JPMorgan have bullish ratings and price targets, citing AI product strength and VMware synergy.
- Analysts expect upcoming earnings to meet or exceed consensus estimates, with potential for upside in 2026 and 2027.
- The stock's price-to-earnings (P/E) multiple has compressed, with some analysts believing these risks are largely priced in.
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