Broadcom Q3 Earnings Preview: Can 'Sustained AI Order Momentum' Help Company With History Of Beating Estimates?

Broadcom, a semiconductor company, is set to release its Q3 earnings on March 8th, 2023. The company has a history of beating estimates, and analysts are expecting it to do so again this quarter.

Analysts are expecting Broadcom to report earnings of $9.67 per share on revenue of $8.93 billion. This would represent a year-over-year increase of 14% and 10%, respectively.

Broadcom's strong performance is being driven by several factors, including the growing demand for its chips used in data centers and smartphones. The company is also benefiting from the ongoing trend towards cloud computing, which is driving demand for its networking and storage products.

In addition, Broadcom is benefiting from the strong demand for its artificial intelligence (AI) chips. The company has been investing heavily in this area, and it is now one of the leading suppliers of AI chips in the world.

Looking ahead, Broadcom is well-positioned to continue to benefit from the growing demand for its products. The company is a leader in several key markets, and it has a strong track record of innovation.

Here are some key things to watch for in Broadcom's Q3 earnings report:

• Revenue growth: Analysts are expecting Broadcom to report revenue growth of 10% year-over-year. This would be a solid result, given the current economic environment.
• Earnings per share: Analysts are expecting Broadcom to report earnings per share of $9.67. This would represent a year-over-year increase of 14%.
• Gross margin: Broadcom's gross margin is a key metric to watch. The company's gross margin has been declining in recent quarters, due to the rising cost of raw materials. Analysts will be looking to see if this trend continues in Q3.
• Operating expenses: Broadcom's operating expenses are another key metric to watch. The company's operating expenses have been rising in recent quarters, due to increased spending on research and development. Analysts will be looking to see if this trend continues in Q3.
• Guidance: Broadcom's guidance for the coming quarters will be closely watched by analysts. The company has a history of providing conservative guidance, so investors will be looking to see if this trend continues in Q3.

Overall, Broadcom is a well-positioned company with a strong track record of growth. The company is benefiting from the growing demand for its products, and it is well-positioned to continue to benefit from this trend in the future.