Broadcom (AVGO) is scheduled to report fiscal second-quarter results after the closing bell Thursday, with Wall Street expecting growing revenue and profits fueled by demand for AI chips. 

Analysts on aver💃age expect Broadcom to report revenue of $15.02 billion, up 20% year-over-year, and🗹 adjusted net income of $7.8 billion, up from $5.39 billion a year ago. AI revenue is expected to climb 42% year-over-year and 7% sequentially to $4.42 billion. 

Oppenheimer analysts called Broadcom the “No. 2 AI franchise after NVDA,” in a note to clients last week, raising their price target to $265 from $225. Broadcom’s “core franchises in networking, wireless, broadband, server/storage, and software support sustainable growth,” th🃏e analysts said. “We remain long-term buyers.”

Of the 14 analysts tracked by Visible Alpha, 13 have a “buy” or equivalent rating for Broadcom stock, with one “hold.” However, their consensus price target near $252 would suggest a decline from Thursday morning's level at $263.91, near an intraday record and on track to close at an all-time high.

After Nvidia's (NVDA) 澳洲幸运5开奖号码历史查询:strong sales report last week, Morgan Stanley analysts said they “also are positive on [Broadcom] in the AI space, but we are hard pressed to generate additional enthusiasm."

Shares of Broadcom have added roughly 14% in 2025🔯 so far.

UPDATE—June 5, 2025: This article has been updated since it was first published to reflect more recent analyst estimates and share price values.