Coverage summary
Aardvark Labs Capital Research has covered Broadcom (AVGO) since June 6, 2025. The company is in the Technology sector. This page lists 6 reports: 6 earnings recaps.
The latest is the Q3 FY26 Earnings Recap, published September 3, 2026. The current rating is Outperform, unchanged since the Q3 FY25 Earnings Recap of September 5, 2025. The rating has changed once since coverage began.
Translations: 6 in Chinese.
The Excel model for AVGO holds 22 quarters and 5 fiscal years of history and 6 quarters and 5 fiscal years of projections. It was last updated October 19, 2026.
Rating history
All AVGO reports
Recap: Q3 FY26
$115B for FY27, $230B for FY28, $30 of EPS: Broadcom Doubles the Framework Twice and the Stock Falls on a 0.7% Guide Shortfall
Recap: Q2 FY26
Record Everything and $30B of AI Bookings — But the Stock Falls 13% Because $16B Wasn't $17B: Maintaining Outperform as the Priced-for-Perfection Reset Improves the Entry
Recap: Q1 FY26
Sixth XPU Customer (OpenAI in Volume 2027), AI Semis +106% to $8.4B, Q2 FY26 Guide $22B with AI Semis +140%, Line of Sight to AI Chip Revenue >$100B in 2027 — Maintaining Outperform
Recap: Q4 FY25
Fifth XPU Customer Fires, Q1 FY26 AI Semis to Double YoY, $73B AI Backlog Inside $162B Consolidated: The Q3 Upgrade-Extension Trigger Has Fired — Maintaining Outperform
Recap: Q3 FY25
Fourth XPU Customer With $10B+ in Orders, FY26 AI Growth Re-Rated Higher, $110B Consolidated Backlog: The Q2 Hold-Gating Concerns Have Been Retired — Upgrading to Outperform
Recap: Q2 FY25
Initiating Coverage at Hold: A Record Print With AI Semis +46% and a FY26 Growth Rate Now Tied to Inference, But a Full Multiple and Concentrated XPU Customer Base Keep Us Patient