Broadcom给出2028年AI半导体收入与EPS超预期展望，但盘中交易反馈偏弱

A few days after chip giant Nvidia ( NVDA ) provided guidance for 2027 that handily topped forecasts, Broadcom ( AVGO ) has taken it one step further and offered up guidance for 2028 that surprised Wall Street. Broadcom shares fell 3.7% in premarket trading on Thursday. Jefferies analyst Blayne Curtis said the confidence to provide guidance for fiscal 2028 (including earning $30 or more per share) is notable, with the Hock Tan-led company benefiting from the fact that Anthropic ( ANTHRO ) and OpenAI ( OPENAI ) will be its largest customers over time. “Overall, the [calendar 2028] guide was a positive surprise, and we do believe AVGO is a long term winner, but on the flip side, there is less discovery value over the next 8 quarters,” Curtis wrote in a note to clients. Curtis has a Buy rating and a $550 price target on Broadcom. Morgan Stanley analyst Joseph Moore had a similar take, in that the guidance for 2027 shows Broadcom is on track, but the 2028 guidance was a positive surprise, even if there is some skepticism attached to it. “2027 AI commentary of $115B slightly below our $120B, [but] in line with prior 'well above $100B,'" Moore wrote in a note to clients. “2028 'will double again' Customer breadth is a positive, with two AI labs as the largest two customers for CY28. We continue to haircut CY28 as we simply don't think semiconductor companies' visibility can extend that far out, but our numbers still move up considerably.” Moore has an Overweight rating and a $505 price target on Broadcom. J.P. Morgan analyst Harlan Sur said the messaging from the Hock Tan-led company was “directionally in line” with his thoughts and the customer diversification going on from just Google ( GOOG ) ( GOOGL ) to adding Anthropic, OpenAI, and Meta is important. “All told, we view Wednesday’s results as constructive, with AVGO providing materially better visibility into its AI semiconductor revenue trajectory and we see room for continued upside to the disclosed framework as supply/deployment constraints ease,” Sur wrote in a note to clients. Sur has an Overweight rating and a $580 price target on Broadcom. Following the results and guidance, several Wall Street firms raised their price targets on Broadcom, including Cantor Fitzgerald, which went to $600 from $525. Macquarie upgraded shares to Outperform and put a $490 price target on the stock.