Broadcom Inc (NASDAQ:AVGO) looks to keep its streak of earnings beats alive when the company reports first-quarter financial results on Wednesday after market close.
Here are the earnings estimates, what experts are saying ahead of the report and the key items to watch.
Broadcom Q1 Earnings Estimates
Analysts expect Broadcom to report Q1 revenue of $19.18 billion, up from $14.92 billion in last year's Q1, according to data from Benzinga Pro.
The company has beaten analyst revenue estimates in four straight quarters and in 18 of the last 20 quarters overall. Revenue could come in at a new quarterly record for the company, surpassing the $18.02 billion reported in the fourth quarter.
Analysts expect Q1 earnings per share of $1.88, up from $1.60 in last year's Q1.
The company has beaten analyst earnings-per-share estimates in 19 straight quarters.
Guidance from the company after fourth-quarter results called for Q1 revenue of $19.1 billion.
What Experts Are Saying About Broadcom Stock
Freedom Capital Markets Chief Market Strategist Jay Woods says Broadcom shares are lower year-to-date, while still up over the last year.
"Broadcom hopes to follow on the heels of Nvidia by reporting another solid quarter that beats expectations and continues to see record growth," Woods said in a weekly newsletter. "However, unlike their peer in Nvidia, they hope share prices rise on positive news."
Woods comments come after NVIDIA Corporation (NASDAQ:NVDA) recently posted a double beat for quarterly financials along with strong guidance, only to see the stock price decline.
The market expert said Broadcom stock "appears to be on the ropes" heading into earnings.
"When looking at the daily chart over the last year we see a broadening top formation that has potential to bread down. This could be a problem. Shares have filled that gap going back to September 2025 and are near critical support."
Woods said that shares have tried to stabilize above $300, but any rally is met with sellers pushing shares lower.
"Momentum continues to trend lower as well and it is far from oversold meaning there's potential it could drop lower."
JPMorgan Chase analyst Harlan Sur expects Broadcom to post a "solid" beat and raise quarter on Wednesday.
The analyst highlighted Broadcom's AI revenues, which could top $9 billion in the quarter, in a recent investor note. Sur sees Broadcom guiding second-quarter revenue ahead of estimates, driven by strong AI demand.
Overall, Sur predicts Broadcom could have $65 billion in AI revenue in fiscal 2026 and $120 billion in fiscal 2027.
The analyst maintained an Overweight rating on Broadcom with a price target of $475.
Key Items to Watch in Broadcom's Q1 Results
Along with watching AI-related revenue, investors and analysts may be looking forward to hearing more about new products from Broadcom.
The company recently disclosed the launch of 5G and 6G wireless infrastructure to support personalized digital experiences.
Broadcom has also recently announced new chips that can help with higher workloads.
Management commentary on the product rollouts and initial customer demand could help provide a better outlook for future revenue potential by investors and analysts.
Broadcom CEO Hock Tan previously said that momentum was expected to continue in Q1, with AI semiconductor revenue expected to double year-over-year in Q1. Investors and analysts will be looking for more bullish commentary from Tan for future quarters.
Broadcom Stock Price Action
Broadcom stock is down 2.8% to $309.93 on Tuesday versus a 52-week trading range of $138.10 to $414.61. Broadcom shares are down 10.8% year-to-date in 2026, but remain up over 65% in the last 52 weeks.
Image: Tada Images / Shutterstock
