What To Expect In Broadcom's Upcoming Q3 Results: Analyst Forecasts Margins, Segment Breakdown, And Vmware Update
Portfolio Pulse from Nabaparna Bhattacharya
BMO Capital Markets analyst Ambrish Srivastava reiterated an Outperform rating on Broadcom Inc. (NASDAQ:AVGO) with a price target of $890. The company is expected to release its Q3 results on August 31, 2023. Srivastava expects Broadcom to report revenues of $8.85 billion and EPS of $10.35. The analyst also expects an update on the generative AI opportunity and forecasts Q3 gross margin to be 75%. An update on Vmware, Inc. (NYSE: VMW) is also expected during the results.

August 29, 2023 | 6:39 pm
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POSITIVE IMPACT
Broadcom is expected to report Q3 revenues of $8.85 billion and EPS of $10.35. The company's gross margin is forecasted to be 75%. An update on the generative AI opportunity is also expected.
The analyst's positive outlook on Broadcom's Q3 results, including expected revenue growth and EPS, as well as the potential for updates on the generative AI opportunity, could positively impact the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
An update on Vmware is expected during Broadcom's Q3 results announcement.
While an update on Vmware is expected during Broadcom's Q3 results, the news does not provide specific details on what the update might entail, making it difficult to predict the potential impact on Vmware's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50