Broadcom (AVGO) Will Report Q1 Earnings on March 4. Here Is What to Expect from This AI Stock

AI infrastructure firm Broadcom AVGO -0.67% ▼ will announce its results for the first quarter of Fiscal 2026 on March 4. AVGO stock has rallied 60% over the past year due to solid demand for the company’s custom AI chips. However, shares are down 8% year-to-date amid concerns about an AI bubble. Wall Street analysts project revenues around $19.21 billion, implying 29% year-over-year growth, according to data from the TipRanks Forecast page.

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Meanwhile, analysts expect Broadcom to report earnings per share of $2.02 for Q1 FY26, up 26% year-over-year. Notably, the company has a strong earnings track record, having surpassed estimates in all of the past nine quarters.

Recent News Ahead of Q1

On February 26, Broadcom said it expects very strong demand for a new AI chip built using advanced stacking technology. According to Reuters, shipments could reach at least one million units by 2027, potentially creating a major new revenue stream.

Broadcom also noted its AI chip business is expected to double year-over-year to about $8.2 billion this quarter as large technology companies expand data-center capacity.

Top UBS Analyst Remains Upbeat About Broadcom Stock

Ahead of the Q1 print, top UBS analyst Timothy Arcuri reiterated a Buy rating on Broadcom stock with a $475 price target. The analyst said recent weakness in the stock may be tied to lower valuation multiples across software companies rather than problems in Broadcom’s chip business.

In his view, the semiconductor segment is not overvalued and continues to benefit from strong AI demand. However, he noted some risks in the software division, including possible customer churn at VMware when contracts come up for renewal, slower growth after recent upgrades, and AI coding tools that could shift more workloads to the cloud.

As the chart shows, infrastructure software now makes up a large share of Broadcom’s revenue after the VMware acquisition, which explains why analysts are closely watching this segment even as the company’s AI chip business remains strong.

Is AVGO Stock a Good Buy?

Turning to Wall Street, analysts have a Strong Buy consensus rating on AVGO stock based on 28 Buys, two Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. The average AVGO stock price target of $452.32 indicates 41.55% upside potential.

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