Deutsche Bank analysts provided their outlook on Broadcom Inc. (NASDAQ:AVGO) ahead of the upcoming Q4 results announcement on Dec 8.
The analysts expect the company to continue its historical cadence of delivering solidly in-line or better reports/guides, as a seasonally strong quarter in Wireless Comms (despite a weak handset market) and infrastructure-focused product offerings help offset ongoing macroeconomic uncertainties.
Specifically, the analysts expect the company to weather the handset storm better than other handset-exposed semi companies, given Apple is its sole customer in this segment. Within the remaining segments of the company’s Semiconductor business, the analysts expect some increased volatility due to macro/semi-cycle demand/inventory gyrations, but overall believe its business will remain more resilient than its peers’.