BUSINESS
Broadcom Leads a Four-Company Earnings Slate Tonight, and AI Revenue Is the Only Number That Will Matter
Broadcom, Snowflake, NetApp and Hewlett Packard Enterprise all report after today's closing bell, with Broadcom's results carrying the most weight for how investors read the durability of AI infrastructure spending.
FinancialMarkets.com
Broadcom, Snowflake, NetApp and Hewlett Packard Enterprise are all scheduled to report quarterly results after Wednesday's market close, making this one of the more concentrated earnings windows of the week.
Broadcom is the headline name. The company has traded near $370 a share heading into the print, and sell-side previews are focused on a roughly $16 billion figure tied to AI-related revenue as the number most likely to move the stock, given how central AI infrastructure demand has become to the company's growth narrative over the past two years.
Snowflake, NetApp and Hewlett Packard Enterprise round out the slate, each offering a different read on enterprise technology spending: Snowflake on cloud data demand, NetApp on enterprise storage, and Hewlett Packard Enterprise on server and infrastructure hardware tied to the same AI buildout Broadcom's results will speak to more directly.
None of the four companies had reported as of Wednesday afternoon. The market's focus on Broadcom's specific AI-revenue figure reflects how much of this earnings season has turned into a referendum on whether AI infrastructure spending is durable or due for a pause, a question investors should have a clearer answer to once the numbers land after the close.