Broadcom Projects $19.18B Q1 Revenue Record as Shares Stall Near $300
Analysts forecast Broadcom Q1 revenue of $19.18 billion, up from $14.92 billion last year, potentially topping $18.02 billion to set a new quarterly record with EPS of $1.88 marking a 20th consecutive beat. Shares have fallen 10.8% year-to-date, trading near critical support around $300 as technical indicators signal downside risk.
1. Q1 Earnings Estimates
Analysts forecast Q1 revenue of $19.18 billion, up from $14.92 billion in the prior year, potentially exceeding the previous $18.02 billion record. Earnings per share are estimated at $1.88, extending a streak of 20 consecutive quarters beating consensus estimates.
2. Stock Pressure and Technical Risks
Shares are down 10.8% year-to-date and currently trade near $300, a key support level after filling a September 2025 gap. Technical analysis highlights a broadening top formation with momentum trending lower, suggesting potential for further downside.
3. AI Revenue Surge and Guidance Expectations
AI-related revenue could top $9 billion in the quarter, underpinning projections of $65 billion in fiscal 2026 and $120 billion in fiscal 2027. Investors will look for second-quarter revenue guidance above current forecasts, driven by continued AI demand.
4. Product Developments and Investor Focus
Recent launches include 5G and 6G wireless infrastructure solutions and high-performance semiconductor chips designed for heavier workloads. Management commentary on initial customer uptake will be critical for assessing future revenue potential.