Broadcom will announce the results for the second fiscal quarter after the market closes this Thursday local time. According to a research report published by CICC, Broadcom's revenue for the second fiscal quarter is expected to be US$14.95 billion, up 19.7% year over year; non-GAAP gross margin is expected to be 77.43%; adjusted EBITDA margin is 66.78%; and non-GAAP net profit is US$7.74 billion, up 43.47% year on year and down 1.08% month on month, which is broadly in line with market forecasts. The bank also maintained the Group's non-GAAP earnings per share for fiscal year 2025 and fiscal year 26, which is expected to be $6.49 and $7.93, respectively. Considering the extended valuation and Broadcom's leading position in AI data center computing and networks, the target price was raised 20% to $275, which is equivalent to predicting price-earnings ratios of 42 times and 35 times for the 2025 and 26 fiscal years, respectively.

Broadcom will announce the results for the second fiscal quarter after the market closes this Thursday local time. According to a research report published by CICC, Broadcom's revenue for the second fiscal quarter is expected to be US$14.95 billion, up 19.7% year over year; non-GAAP gross margin is expected to be 77.43%; adjusted EBITDA margin is 66.78%; and non-GAAP net profit is US$7.74 billion, up 43.47% year on year and down 1.08% month on month, which is broadly in line with market forecasts. The bank also maintained the Group's non-GAAP earnings per share for fiscal year 2025 and fiscal year 26, which is expected to be $6.49 and $7.93, respectively. Considering the extended valuation and Broadcom's leading position in AI data center computing and networks, the target price was raised 20% to $275, which is equivalent to predicting price-earnings ratios of 42 times and 35 times for the 2025 and 26 fiscal years, respectively.