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Sentiment · FY2026 Q2
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“ASIC competitors, Broadcom, signaled that they could grow their AI business almost, you know, 55, 60% next year.”
An analyst cites Broadcom as an ASIC competitor guiding to roughly 55-60% AI-business growth next year, a positive read-through on Broadcom's custom-silicon AI momentum.
“Our marketplace consumption has grown 89% year over year, powered by partners like Broadcom and Palo Alto.”
Broadcom is a marketplace partner building its SaaS business on OCI, driving OCI consumption.
“It seems like the industry is bringing a lot of supply online. Broadcom's talking about some additional capacity as well.”
An analyst frames Broadcom as one of several players adding indium phosphide / transceiver capacity, implying Broadcom is expanding supply in the AI optical component market.
“the custom solutions that are being talked about as well as Broadcom's latest chips”
Analyst positions Cisco's Silicon One against custom silicon and Broadcom's latest merchant chips in the hyperscaler market, framing Broadcom as a competitor.
“With regard to the Broadcom acquisition, sort of two or three things, right, that we see. The first one is there's a greater degree of caution about hyper-converged infrastructure, which has caused some of the hyper-converged vendors to now work with external storage providers.”
NetApp views Broadcom's acquisition and licensing changes at VMware as a competitive tailwind, pushing hyper-converged infrastructure customers toward external storage providers and prompting some to replatform onto NetApp on-premises.
“I think, whether it's VMware migrations or migrations of SAP, or even just our own server migrations, they're pretty healthy.”
Microsoft cites healthy VMware migration activity onto Azure as an Azure growth driver, implying share loss for Broadcom's VMware virtualization business.
“In Q4, we collaborated with Broadcom to validate next-gen 1.6 terabit networking silicon and custom AI accelerators.”
Broadcom is advancing 1.6 terabit networking silicon and custom AI accelerators, using Keysight to validate the designs — a read-through on Broadcom's AI networking silicon roadmap.
“In Network for AI, we announced the first OEM switch leveraging Broadcom Tomahawk six silicon to address performance-hungry computing for AI inferencing.”
HPE's first OEM switch built on Broadcom's Tomahawk 6 silicon signals continued design-win demand for Broadcom's high-end AI networking chips.
“We deepened our long-standing partnership with Broadcom through a strategic collaboration to develop pioneering Agentic AI workflows to help design Broadcom's next-generation products.”
Cadence deepened a strategic collaboration with Broadcom on Agentic AI design workflows for Broadcom's next-gen products, reinforcing Broadcom as a key AI-silicon customer/partner.
“If they want to stay on VMware and optimize their overall VMware landscape. We have good solutions with VMware to allow customers to do that.”
NetApp maintains joint solutions with Broadcom-owned VMware for customers optimizing their existing VMware environments amid industry uncertainty over VMware's licensing changes.
“So clearly, you qualify for that party against Avago or Broadcom.”
Analyst frames Skyworks as competing directly against Broadcom for RF transmit-module content, suggesting Skyworks could regain share as internal-modem volumes increase.
“At TSMC's OIP conference, Broadcom highlighted Integrity 3D-IC full flow deployment success for hyperscaler high-capacity ASICs.”
Broadcom publicly credited Cadence's Integrity 3D-IC flow for hyperscaler ASIC success, a positive customer proof point.
“you're also competing against NVIDIA, who is by no means letting down their guard. They are producing better and better chips with every passing generation.”
Broadcom framed NVIDIA as the benchmark competitor its XPU customers must beat, noting NVIDIA keeps producing better chips each generation.
“We expect OpenAI deploying in volume their first-generation XPU in 2027 at over 1 gigawatt of compute capacity.”
OpenAI is Broadcom's newly added sixth custom-silicon customer, expected to deploy its first-gen XPU in volume in 2027 at 1+ GW of compute.
“contrary to recent analyst reports, Meta's custom accelerator MTIA road map is alive and well. We're shipping now.”
Broadcom rebutted reports of weakness in Meta's MTIA custom accelerator program, confirming it is shipping now and scaling to multiple gigawatts in 2027+.
“For Anthropic, we are off to a very good start in 2026 for 1 gigawatt of TPU compute. And for '27, this demand is expected to surge in excess of 3 gigawatts of compute.”
Anthropic is a Broadcom custom-accelerator customer ramping to 1 GW of TPU compute in 2026 and 3+ GW in 2027, signaling large-scale AI infrastructure commitments.
“For Google, we continue our trajectory of growth in '26 with strong demand for the seventh-generation Ironwood TPU.”
Google is a custom-AI-accelerator (TPU) customer of Broadcom, with strong demand for the seventh-gen Ironwood TPU and even stronger expected in 2027, a positive read-through for Google's AI compute buildout.
“Silicon wise, now we go back to the same pressure source in Taiwan, TSMC.”
TSMC is Broadcom's silicon foundry supplier for 2nm/3nm; no capacity constraint seen currently.
“And that 10 gigawatt announcement is an agreement to be aligned on developing 10 gigawatts for OpenAI over 27 to 29 time frame.”
Broadcom and OpenAI aligned on developing 10 gigawatts of custom AI compute over 2027-2029.
“As you are aware, last quarter, Q3 2025, we received a $10 billion order to sell the latest TPU ironwood racks to Anthropic.”
Anthropic placed a $10B order for Broadcom TPU ironwood racks (plus an additional $11B follow-on), a major XPU customer.
“Best exemplified at Google where the TPUs used in creating Gemini are also being used for AI cloud computing by Apple, Cohere, and SSI as a sample.”
Apple is cited as an external user of Google's TPUs for AI cloud computing.
“Best exemplified at Google where the TPUs used in creating Gemini are also being used for AI cloud computing by Apple, Cohere, and SSI as a sample.”
Google's TPUs (Broadcom-designed XPUs) used for Gemini are being extended to external AI cloud customers, expanding Broadcom's XPU opportunity.
“Today's AI rank scales up a mere 72 GPUs at 28.8 terabit per second bandwidth using a proprietary NVLink.”
Broadcom frames NVIDIA's proprietary NVLink scale-up as limited versus its own Ethernet/Tomahawk solutions, a competitive read-through in AI networking against NVIDIA.
“When we acquired VMware. We release VMware Cloud Foundation version nine dot zero a fully integrated cloud platform which can be deployed by enterprise customers on prem or carry to the cloud.”
Broadcom's acquired VMware business shipped VCF 9.0 and completed integration, driving 17% YoY infrastructure-software growth and strong bookings.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Stacy Rasgon | Bernstein | 8 (13%) |
| Ben Reitzes | Melius Research | 7 (0%) |
| Harlan Sur | JPMorgan | 7 (14%) |
| CJ Muse | Cantor Fitzgerald | 7 (14%) |
| Ross Seymore | Deutsche Bank | 7 (14%) |
| Vivek Arya | Bank of America | 6 (33%) |
| Blayne Curtis | Jefferies | 5 (0%) |
| Joe Moore | Morgan Stanley | 5 (0%) |
| Tim Arcuri | UBS | 4 (50%) |
| Vijay Rakesh | Mizuho Securities | 4 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Bernstein | 1 | 8 (13%) |
| JPMorgan | 1 | 7 (14%) |
| Melius Research | 1 | 7 (0%) |
| Cantor Fitzgerald | 1 |
Broadcom's Q1 FY2026 delivered record operating income of $12.8 billion, up 31% year-over-year, as revenue grew 29.5% and GAAP EPS rose 31.6%. AI semiconductor revenue acceleration continued with custom XPU customer expansion and AI networking share gains. Management introduced a landmark forward anchor of over $100 billion in AI chip revenue by 2027 and guided Q2 to $22 billion representing 47% growth. VMware Cloud Foundation growth continued while non-AI semiconductors remained flat.
Cloud & AI | Revenue Growth | Competitive Dynamics | Guidance Reliability | Innovation & R&D | Demand | Margin | Capex Investment | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 10 | 7 | 2 | 2 | 1 | 2 | 1 | |
| 2025Q1 | 10 | 4 | 5 | 4 | 3 | 1 | ||
| 2025Q2 | 13 | 8 | 7 | 5 | 5 | 1 | 2 | |
| 2025Q3 | 9 | 9 | 7 | 4 | 3 | 2 | 1 | |
| 2025Q4 | 11 | 7 | 4 | 4 | 3 | 1 | 1 | 2 |
| 2026Q1 | 9 | 6 | 6 | 3 | 5 | 1 | 1 | |
| 2026Q2 | 13 | 1 | 2 | 2 | 5 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | |
|---|---|---|---|---|---|---|---|
| Cloud & AI | 10 | 10 | 13 | 9 | 11 | 9 | 13 |
| Revenue Growth | 7 | 4 | 8 | 9 | 7 | 6 | 1 |
| Competitive Dynamics | 2 | 5 | 7 | 7 | 4 | 6 | 2 |
| Guidance Reliability | 2 | 4 | 5 | 4 | 4 | 3 | 2 |
| Innovation & R&D | 1 | 3 | 5 | 3 | 3 | 5 | |
| Demand | 1 | 1 | 2 | 1 | 5 | ||
| Margin | 2 | 2 | 1 | 1 | 1 | 1 | |
| Capex Investment | 1 | 2 | 1 |
| 7 (14%) |
| Deutsche Bank | 1 | 7 (14%) |
| Bank of America | 1 | 6 (33%) |
| Goldman Sachs | 2 | 5 (0%) |
| Jefferies | 1 | 5 (0%) |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
AVGO Broadcom Inc. | 10 | +47.9% | |
| ADI Analog Devices | 9 | +37.3% | |
| ALAB Astera Labs, Inc. Common Stock | 9 | +93.4% | |
| AMAT Applied Materials | 9 | +11.4% | |
| AMD Advanced Micro Devices, Inc. | 9 | +37.9% | |
| ARM Arm Holdings | 7 | +20.1% | |
| ASML ASML Holding | 9 | +13.3% | |
| INTC Intel Corporation | 6 | +7.2% | |
| KLAC KLA Corporation | 7 | +11.5% | |
| LRCX Lam Research | 9 | +23.8% | |
| MCHP Microchip Technology | 9 | +35.1% | |
| MPWR Monolithic Power Systems | 10 | +26.1% | |
| MRVL Marvell Technology | 10 | +27.6% | |
| MU Micron Technology, Inc. | 9 | +345.7% | |
| NVDA NVIDIA Corporation | 9 | +85.2% | |
| NXPI NXP Semiconductors | 7 | +12.2% | |
| ON ON Semiconductor | 6 | +4.7% | |
| Q Qnity Electronics, Inc. | 10 | +17.6% | |
| QCOM Qualcomm | 3 | -3.5% | |
| SWKS Skyworks Solutions | 3 | -1.0% | |
| TER Teradyne | 9 | +87.0% | |
| TXN Texas Instruments | 9 | +18.6% |