
Broadcom's Q4 fiscal 2025 earnings delivered record revenue of about $18.0 billion, up 28% year-over-year and above consensus expectations. For Q1 fiscal 2026, the company guided to approximately $19.1 billion in revenue with an adjusted EBITDA margin of 67% of projected revenue, underpinned by strong AI semiconductor demand while non‑AI segments and margins face some pressure from mix.
Bullish
Record Q4 revenue of about $18.0 billion, up 28% year-over-year and above consensus, driven primarily by surging AI semiconductor demand.
Bearish
Non‑AI semiconductor revenue is expected to be roughly flat year-over-year in Q1, signaling ongoing softness and limited recovery in enterprise-related spending.