AVGO News
R40 coverage for Broadcom Inc. (AVGO).
R40 Coverage
Anthropic Doesn't Trade. It Is Already a $53.4B Line in Amazon's Quarter and Two-Thirds of Microsoft's Beat.
Amazon booked $53.4 billion primarily from its Anthropic stake, and a $3.2 billion gain was two-thirds of Microsoft's beat. The IPO reprices both at once.
AVGO Q3 FY2026 reported earnings analysis
Broadcom beat its AI guide by $700M, put fiscal 2027 AI revenue near $115B and disclosed $20-30B of revenue per gigawatt.
AVGO Q3 FY2026 earnings preview
Broadcom faces $3.22-$3.24 EPS and $29.47B revenue consensus; its $56B annual AI outlook implies $20.8B for Q4.
OpenAI’s Jalapeño Beat GB300 on Its Test. NVIDIA’s $63 Bear Case Needs Three More Things.
OpenAI's Broadcom-built Jalapeño beat GB300 on throughput per watt. Our $63.15 NVIDIA bear case still needs capex digestion, share loss and a de-rating.
Broadcom May Raise $60B for AI Deals. Its 10-Q Already Disclosed a $29B Lease Backstop.
Bloomberg says Broadcom may raise $60B for AI deals. Its 10-Q already discloses the shape: a $29B lease backstop — 44.7% of total debt — behind Apollo's racks.
Google's $12.2B Marvell Warrant Vests Against $120B of Revenue—Not Equity Value.
Marvell's Google warrant covers 58.97M shares, but only 1.36M vest on time. The rest need one $500M revenue tranche each — $120B total, against an $11.5B guide.
Dell Nearly Doubled Its Revenue and Booked the Thinnest Gross Margin in Its Series in the Same Quarter
Dell's revenue grew 87.5% to $43.8B while gross margin fell to 17.75%, the lowest we hold. The site scores it 95 — above Broadcom, at a quarter of the margin.
Broadcom Q2 FY2026: AI Revenue Grew 143%, Guided to Grow 200%+ Next Quarter — Stock Still Fell
Broadcom beat Q2 estimates and guided Q3 AI semiconductor revenue to more than double year-over-year, yet shares fell as much as 13% because the top end of revenue guidance came in well below the most bullish estimates. We break down the AI custom-silicon story driving both the growth and the volatility.