Broadcom Inc. shares were little changed in pre-market trading on Tuesday, holding near $370.25 as investors awaited the chipmaker’s quarterly earnings release after the bell. The stock, which closed Monday at $369.68, has gained 15.95% over the past six months but remains down 5.03% over the last month.
Analysts expect the company to post earnings of $3.21 per share on revenue of $29.25 billion for the quarter, according to consensus estimates. For the full fiscal year 2026, revenue is projected at $105.75 billion, rising to $175.62 billion in fiscal 2027. Earnings per share are forecast at $11.60 for 2026 and $19.56 for 2027.
Mizuho Securities maintained a bullish stance, reiterating a $530 price target on expectations that AI-driven demand for custom chips and networking solutions will continue to support growth. The firm’s outlook reflects confidence in Broadcom’s positioning within hyperscaler ecosystems and its VMware integration strategy.
Technical analysis ahead of the report shows conflicting signals. The daily chart is flagged as a strong sell, reflecting a short-term bounce within a broader downtrend, while the hourly chart is rated a strong buy. Key levels include a daily pivot at $369.80, with near-term resistance between $373.30 and $379.75. Downside support is seen between $366.85 and $360.40, with weekly support at $353.71 and resistance at $380.24.
Potential earnings scenarios hinge on AI guidance and revenue performance. A bullish outcome would require revenue beats and upward revisions to AI-related guidance, with the stock sustaining gains above $380. A mixed result—meeting expectations without new upside—could keep shares range-bound between $360 and $380. A bearish surprise, such as weaker AI growth or margin pressures, could push the stock toward the weekly support level of $353.71.
Key risks cited include customer concentration risks tied to major technology clients, potential manufacturing constraints, and execution challenges in diversifying beyond core hyperscaler relationships.
