What to Expect From Broadcom’s Q1 Results?
<p>Analysts at Oppenheimer provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/AVGO'>Broadcom Inc. (NASDAQ:AVGO)</a> ahead of the company’s Q1 results, which are going to be reported on March 3.</p>
<p>The analysts expect an upside setup versus the consensus estimates of Q1 revenue/EPS of $7.6 billion/$8.13 and Q2 of $7.4 billion/$7.93, led by core networking. </p>
<p>Hyperscalers are accelerating DC/cloud builds (spend forecast up around 30% in 2022) while enterprise spend recovers. Networking is expected to grow 30% year-over-year. Lead times remain stretched at 50 weeks. </p>
<p>The analysts believe the company has nearly 100% backlog coverage for 2022 and see upside potential as supply eases through the year. Gross Margin has increased to 74.6%, with further expansion ahead. The analysts reiterated their outperform rating and $720 price target on the company’s shares.</p>

NASDAQ:AVGO