Broadcom FQ4 Earnings: $73B AI Backlog with Visibility; $162B Consolidated Backlog

Broadcom’s total AI-related orders on hand exceed $73 billion, nearly half of the company’s consolidated $162 billion backlog. The $73B backlog is expected to ship over the next 18 months. This backlog includes not only XPUs but also networking components. Most of the earnings call was management explaining the $73 billion is a baseline for the next 18 months. Notably, there’s been a significant amount of hype around custom silicon challenging Nvidia, thus, the bar was set high going into this earnings report. For Broadcom, the words “steady as you go” come to mind.

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