Semiconductor company Broadcom (AVGO) is set to report its fourth-quarter Fiscal 2025 results on December 11. The stock has climbed more than 68% this year, helped by a wave of AI partnerships, strong demand for its networking products, and growing interest in its custom ASICs (application-specific integrated circuits). Broadcom has also benefited from rising demand for Google’s (GOOGL) TPUs, which the company designs and manufactures. With these drivers in place, Wall Street remains highly optimistic as the Q4 report approaches.
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What to Expect from Broadcom’s Q4 Earnings
Analysts expect Broadcom to report earnings per share (EPS) of $1.87, reflecting 32% year-over-year growth. Meanwhile, they project Q4 revenues at $17.5 billion, according to the TipRanks Analyst Forecasts Page. This marks a year-over-year increase of over 24%.
Investors will watch the results for signs that Broadcom can keep its AI-driven momentum going and deliver steady growth across its semiconductor and software units.
Recent News Ahead of the Q4 Print
Microsoft (MSFT) is reportedly in talks to move its custom chip development to Broadcom from Marvell (MRVL), according to The Information. This shift would make Broadcom a key partner for Microsoft’s future AI chips, including designs used across Azure.
Analysts’ Opinions on AVGO
Ahead of the Q4 print, top Mizuho analyst Vijay Rakesh reiterated his Outperform rating on the stock and kept his $435 price target. The 5-star analyst said his checks show steady demand from Google (GOOGL) as it expands TPU use across Gemini 3, which could bring more custom chip wins for Broadcom. He added that rising AI workloads at Meta (META), Apple (AAPL), and Anthropic should also support stronger AI-driven revenue through 2026.
Meanwhile, top Morgan Stanley analyst Joseph Moore raised his price target on Broadcom after recent checks in Asia pointed to stronger AI demand and solid momentum in the company’s ASIC business. The 5-star analyst now expects Broadcom’s AI chip revenue to grow faster than Nvidia’s (NVDA) in 2026, supported by robust TPU supply chain trends.
Is Broadcom a Buy or Sell Stock?
According to TipRanks, AVGO stock has a Strong Buy consensus rating based on 23 Buys and two Holds assigned in the last three months. At $425.13, the Broadcom average share price target implies almost 8.94% upside potential.
