Broadcom Likely For Upside Backed By AI Pipeline, Market Recovery, VMWare Synergy: Analyst

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Broadcom Likely For Upside Backed By AI Pipeline, Market Recovery, VMWare Synergy: Analyst - Benzinga

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Off of a higher fourth-quarter base, Sur noted fiscal first-quarter 2025 revenue guidance at $14.2 billion-$14.4 billion or flattish sequential growth below consensus of $14.64 billion) and closer to the analyst’s below-Street estimates of $14.4 billion.

As a result, the analyst expects revenue, earnings, and free cash flow to be better than JP Morgan and consensus expectations (revenues coming in at $14.2 billion-$14.3 billion versus consensus at $14.1 billion).