Business figures: Lululemon lowers annual forecast - stock plummets
Snowflake raises revenue forecast - stock jumps 22 percent +++ AI demand boosts HPE - stock still falls +++ AI boom boosts Dell +++ The news blog.
Broadcom is expected to become the largest customer for specialty processors by 2027 and maintain that position in 2028. The company will deliver Google's new TPU chips in large quantities in the fourth quarter and also produces AI accelerators for Meta and OpenAI. Despite strong growth, Broadcom expects a decline in gross margin to around 73% in the fourth quarter.
The company plans to invest $1.4 billion in the fourth quarter to expand its semiconductor production capacity. Broadcom has raised its revenue growth forecast for 2026 to 34-37% and expects adjusted earnings per share of $3.75-3.85. Dell reported a record revenue of $47 billion in the second quarter, beating analyst estimates, and raised its full-year revenue forecast to $192 billion. Dell also expects $74 billion in revenue from AI-optimized servers in 2027.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
