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Broadcom Inc.
AVGO - NASDAQ - $319.48 (as of ) ▲ +8.78%
-
Earnings Wed 9 Dec

Broadcom opens the
books on Wednesday evening.

The median of 11 price targets is $5201, stock is $319, +62.8% vs the analyst consensus median.

↓ summary below
Quick Take - in 40 seconds ·
B+
Council 4/6 - Historical V1 score 70

B+ — FMP rating1. Form 4: 6 transactions1.

Quick Answer

Broadcom Inc. (AVGO) Q4 consensus: revenue $34.9B1, EPS $3.821. 8 consecutive quarters of beat1.

Detailed analysis below ↓
$3.82 EPS Estimate Last year $1.95 - +96% YoY
8 Beat Streak Expectations beaten consecutively for the last 8 quarters

Q3 FY26 EPS $3.32 vs $3.22 estimate: beat (+3.1%)1. Stock move on the next trading day: -2.7%1.

Next report

What to watch in Q4 FY26 (Dec 9, 2026)

  • EPS: consensus $3.82, against $1.95 in the same quarter a year ago (+96%).
  • Revenue: consensus $34.9B.

Watchlist

6 metrics stand out this quarter.

47% Expectation / Guide

Q2 Revenue Guidance

Broadcom is guiding for consolidated revenue of approximately $22 billion in Q2 2026, representing 47% year-on-year growth.

"So in summary, let me put it all together for Q2 2026, we expect consolidated revenue growth to accelerate to 47% year-on-year and reach approximately $22 billion, and we expect adjusted EBITDA to be approximately 68% of revenue."

- Hock Tan, President and CEO - Q1 FY26 Earnings Call - March 4, 2026
13% Investor Focus

Vmware Growth

VMware revenue grew 13% year-on-year. Bookings continue to be strong and total contract value booked in Q1 exceeded $9.2 billion, sustaining an ARR, which is annual recurring revenue growth of 19% year-upon-year.

Hock Tan, President and CEO - Q1 FY26 Earnings Call - March 4, 2026
$100 billion Investor Focus

Ai Revenue 2027

Today, in fact, we have line of sight to achieve AI revenue from chips, just chips, in excess of $100 billion in 2027. We have also secured the supply chain required to achieve this.

Hock Tan, President and CEO - Q1 FY26 Earnings Call - March 4, 2026
$10.7 billion Investor Focus

Ai Semiconductor Growth

Broadcom expects Q2 AI semiconductor revenue of $10.7 billion, up approximately 140% year-on-year.

Kirsten Spears, Chief Financial Officer - Q1 FY26 Earnings Call - March 4, 2026
$7.2 billion Investor Focus

Infrastructure Software Growth

We expect Infrastructure Software revenue of approximately $7.2 billion, up 9% year-on-year.

Kirsten Spears, Chief Financial Officer - Q1 FY26 Earnings Call - March 4, 2026
$14.8 billion Investor Focus

Semiconductor Revenue Q2

Broadcom forecasts semiconductor revenue of approximately $14.8 billion in Q2 2026, up 76% year-on-year.

Kirsten Spears, Chief Financial Officer - Q1 FY26 Earnings Call - March 4, 2026

Stock Expert AI - Methodology

Do our scoring pillars, 6 perspectives, and Munger lens point in the same direction?

Historical V1 score 70 / 100

Historical V1 earnings-model score (archived, Nov 9, 2026) — not the current MoonshotScore. Current MoonshotScore: AVGO stock page

multi-pillar methodology. Revenue Growth and Gross Margin strong. Insider Activity weak.

How is it calculated? ->
Revenue Growth10.0Q3 vs Q4: fast growth (+64.3%)
Gross Margin7.0Q3: very high margin (69.1%, software/cloud territory)
Operating Leverage5.0op margin very strong (54.3%, scale leverage)
Cash Runway10.0FCF very strong ($13.7B, 25.7x CapEx)
R&D Intensity7.0balanced R&D investment (13.3%)
Insider Activity3.0Q3 FY26: large net selling (-$220.8M, watch)
Price Momentum4.0RSI 44.7 weak momentum, 50d below
News Sentiment10.0strong buy consensus (96%)
Council Score 4 / 6 Bullish

6 investor frameworks. 4 bullish (Ray Dalio, Klarman, Buffett, Munger), 1 bearish (Ken Griffin), 1 neutral (Jim Simons).

How is it calculated? ->
Ray Dalio macro - target upside +62.8%
Ken Griffin flow - 50d MA below
Jim Simons quant - RSI 45
Klarman value - target upside +62.8%
Buffett quality - ROE score 5/5
Munger valuation - target upside +62.8%
Munger's Mindset character & balance sheet lens
Undervalued

Quality business, discounted price.

How is it calculated? ->
Financial HealthModerate
Margin of SafetyStrong
Interest CoverageAdequate
ROIC vs WACCHealthy
Technical Levels - Pre-earnings positioning

What levels is the stock being tested at?

RSI(14)
44.7 RSI 44.7 weak momentum, 50d below
MACD
-7.90 price below 50d - resistance dominant
50d MA
$347 stock 7.9% below - short-term resistance
200d MA
$367 stock 13.0% below - long-term pressure
Volume (10d)
+28% increase - pre-earnings positioning
Resistance
$520
Analyst median target - upgrade trigger if broken
Current
$319
Pre-earnings position
Support
$312
Invalidation - close below this is a technical breakdown
Pattern
Range
$312-$520 band - earnings breakout/breakdown trigger

Past Performance

4 quarters shown.

BEAT
Q4 FY25
$1.95 vs $1.87 est · Next-day price move: -11.4%
BEAT
Q1 FY26
$2.05 vs $2.03 est · Next-day price move: +4.8%
BEAT
Q2 FY26
$2.44 vs $2.40 est · Next-day price move: -12.6%
BEAT
Q3 FY26
$3.32 vs $3.22 est · Next-day price move: -2.7%

Q3 FY26 (September 2, 2026) EPS $3.32 vs $3.22 estimate: beat (+3.1%)1.

Three scenarios: what could happen?

EPS < $3.71 (no guidance)
Backlog concentration

No RPO/backlog concentration disclosed in Q1 earnings call.

Insider trading signal

Form 4 Q3 FY26: 6 transactions, net -$220.77M1.

Executive Action Amount Date
SAMUELI HENRY director Sale -$66.26M 2026-09-25
SAMUELI HENRY director Sale -$81.78M 2026-09-25
SAMUELI HENRY director Sale -$30.39M 2026-09-25
SAMUELI HENRY director Sale -$18.23M 2026-09-25
SAMUELI HENRY director Sale -$15.99M 2026-09-25
SAMUELI HENRY director Sale -$8.12M 2026-09-25
Net 6 transactions (6 sales, 0 purchases) -$220.77M Q3 FY26

6 transactions · 6 sales / 0 purchases = net negative flow. Not large in absolute terms against a $1.53T market cap.

CapEx shock

Q1 CapEx $532.0M1. Q1 op margin 54.3%1 - this level in Q4 is sensitive to CapEx revision risk.

Framework - Position discipline

After the data arrives: 3 scenarios, 3 windows

Not advice - a structural framework for earnings night. Decision discipline is yours.

Scenario A - Beat
Q4 EPS > $3.82 + CapEx discipline
Threshold: EPS > $3.821.
Target: Break above median target $5201; high target $6001 upper bound.
Scenario B - In-Line
EPS approx $3.82 + CapEx < $532.0M
Threshold: EPS approx $3.821, Q4 CapEx < $532.0M1.
Target: Consolidation in the band between current $3191 and median $5201.
Scenario C - Miss
EPS < $3.71 or CapEx >= $532.0M
Threshold: EPS < $3.711.
Current price $319 — below SMA200 $3671.

Market Outlook

What do analysts say? 11 price targets · 51 ratings

Wall Street Consensus
$520
12-month median target price (+62.8% gap to the analyst consensus median)
49
BUY
2
HOLD
0
SELL
Risk Management
$312
Invalidation level - critical support threshold
$347 - 50-day MA (below, -7.9%)
$367 - 200-day MA (below, -13.0%)
IV Crush risk (sudden drop in inflated option premiums before earnings): Option premiums are inflated before earnings.
Verdict - AVGO Q4 FY26
B+

You read it in 5 minutes. When the numbers come out on Wednesday evening - you know what you're looking at.

Data arrives at night. The framework is ready now.

Data arrives on Wednesday evening. The framework is ready on this page: Q4 EPS threshold $3.821, CapEx threshold "below $532.0M". Two anchors, three scenarios.

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Educational tool, not investment advice. Past performance does not guarantee future results.

Calendar

Catalyst Calendar - 90-day forward look

Dec 9, 2026EARNINGSQ4 FY26 results (after market close) + earnings call
Dec 10, 2026PRICEFirst trading day after earnings - 200dMA test + IV crush
Jan 1, 2027 – Jan 31, 2027FILING10-K due within 60–90 days of fiscal year end (by Jan 1, 2027 – Jan 31, 2027); the exact deadline depends on filer status
~Mar 11, 2027EARNINGSQ1 FY27 (next quarter, date not yet scheduled in FMP)

DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.

Frequently Asked Questions

What does the AVGO Q4 FY26 earnings preview cover?

This Broadcom Inc. (AVGO) Q4 FY26 earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.

What should investors watch for in AVGO Q4 FY26 earnings?

Broadcom Inc. (AVGO): Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.

Where do the numbers on this page come from?

Broadcom Inc. (AVGO): Figures are sourced from Financial Modeling Prep (FMP) fundamentals and consensus data plus official earnings-call transcripts; derived metrics are labeled with their source next to each figure.

Is this a buy or sell recommendation?

Broadcom Inc. (AVGO): No. This page is educational research, not investment advice. It summarizes analyst consensus and company data; consult a licensed financial advisor before making any investment decision.

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