Broadcom Reports Q3 Revenue Beat at $29.4B, Sparks Bull-Bear Debate Over Profit Sustainability

According to Odaily, Broadcom (AVGO) sparked divergent investor views following its latest earnings report. The company projected Q3 revenue of approximately $29.4 billion, exceeding market expectations of $28.61 billion. Bullish investors cited strong AI networking demand with order visibility extending to 2028, while bears questioned whether the current 60% profit margin is sustainable amid potential competition from custom chip designers like Google TPU.

Technical traders predicted near-term weakness toward the $385-$400 range absent fresh catalysts, though some investors viewed the recent decline as a buying opportunity with dynamic P/E ratios near 20 times and forward multiples potentially compressing to 10 times.