This Will be Broadcom's Stock Price In 2030

Broadcom is positioned to benefit from accelerating AI infrastructure spending, with AI semiconductor revenue growing rapidly and margins reaching record levels. Q1 FY2026 results show revenue of $19.31 billion, up 29.47% year over year, and non-GAAP EPS of $2.05. AI semiconductor revenue rose 106% year over year to $8.40 billion, and adjusted EBITDA margin reached 68%. Q2 guidance calls for revenue of $22 billion and AI revenue accelerating to $10.7 billion. Management targets AI chip revenue exceeding $100 billion by 2027, supported by secured capacity through 2028 and an XPU franchise spanning major customers. AI networking is expected to reach about 40% of total AI revenue, while risks include hyperscaler concentration and potential capex pauses.

"The 24/7 Wall St. price target for Broadcom is $480.71 over the next 12 months, pointing to 15.95% upside from the current price of $414.57. Our recommendation is buy, with confidence at 90%."

"Q1 FY2026 results, reported March 4, set the bull narrative. Revenue hit $19.31 billion, up 29.47% YoY, with non-GAAP EPS of $2.05 beating estimates. AI semiconductor revenue surged 106% YoY to $8.40 billion, and adjusted EBITDA margin reached a record 68%. Q2 guidance calls for revenue of $22 billion (+47% YoY) with AI revenue accelerating to $10.7 billion."

"On the Q1 call, Hock Tan disclosed "line of sight to achieve AI revenue from chips, just chips, in excess of $100 billion in 2027" with capacity secured through 2028. The XPU franchise now spans six strategic customers including Google, Meta, Anthropic and a newly disclosed OpenAI deployment of over 1 gigawatt in 2027."

"The bear case is concentration risk. A handful of hyperscalers drive the AI book, and any pause in capex could compress growth fast. AVGO trades at 80x trailing earnings"

Read at 24/7 Wall St.