A Broadcom sign is pictured as the company prepares to launch new optical chip tech to fend off Nvidia in San Jose, California, U.S., September 5, 2025.
Brittany Hosea-small | Reuters
Broadcom is scheduled to report its fourth-quarter earnings after market close on Thursday.
Here’s what analysts are expecting, according to LSEG:
Earnings per share: $1.86, adjustedRevenue: $17.49 billion
Wall Street is expecting Broadcom’s overall revenue to increase 25% in the quarter ended in October, from $14.05 billion a year earlier.
Analysts are expecting the chipmaker to guide for $1.95 in adjusted earnings per share on $18.27 billion in sales in the current quarter.
The report comes as investors increasingly see Broadcom as well-placed to capitalize on the AI infrastructure boom both with its custom chips, which it calls XPUs, and the networking technology needed to build massive data centers where thousands of AI chips work as one.
Broadcom stock is at all-time highs and has climbed 75% so far in 2025 as its custom chips, such as Google’s tensor processing units, are increasingly seen as a rival to Nvidia’s AI chips. The company has a market cap of $1.91 trillion.
Google released its latest AI model, Gemini 3, during the quarter, which it said was trained entirely on its TPU chips.
Another Broadcom AI customer is OpenAI. The AI startup said in October that it will start deploying custom chips for AI developed with Broadcom starting next year.
Broadcom CEO Hock Tan is expected to discuss the company’s pipeline of AI chips and partners with investors on Thursday.
“We expect investors to focus on FY26 AI revenue guidance, Google and OpenAI revenue contributions, and gross margin trajectory given the steep ramp of custom XPUs,” Goldman Sachs analyst James Schneider wrote in a note last month. He has the equivalent of a buy rating on the stock.
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