PREVIEW: Broadcom seen reporting Q4 revenue growth above 24%

Shares in Broadcom AVGO.O fall 2.7% on Thursday, with broader chip sector, ahead of fiscal fourth-quarter financial report due after market close

Wall Street sees the chip company reporting adj EPS of $1.86 vs $1.42 in year-ago quarter on revenue of $17.49 billion, which would be up 24.5% from $14.05 billion a year ago, according to LSEG data

Looking forward, analysts see the co reporting fiscal Q1 EPS of $1.95 and revenue of $18.27 billion. For the upcoming fiscal year 2026 Wall Street expects revenue of $87.54 billion, as per LSEG

In the last 8 quarters, AVGO's EPS beat Street expectations while rev beat estimates 6 times

Broadcom's report comes at a time when investors have been jittery about whether tech valuations could be in a bubble due to crowded bets on artificial intelligence. In September AVGO said it expects fiscal 2026 AI rev growth to "improve significantly", after >$10 billion in AI infrastructure orders from a new client

In Nov Goldman Sachs analysts led by James Schneider raised their PT for AVGO to $435, writing that investors would focus on annual revenue guidance and Alphabet GOOGL.O and OpenAI revenue contributions, and gross margin trajectory given the steep ramp of the company's custom XPU chips

AVGO last traded at $397.50 vs median PT of $417.50, as per LSEG, which shows 49 analyst ratings: 15 'strong buy,' 32 'buy,' and 2 'hold'

YTD the stock is up ~74% vs a gain of ~47% for the Philadelphia semiconductor index .SOX and ~25% for the S&P 500 technology sector .SPLRCT