Broadcom and Dell Lead Tech Earnings Amid US Jobs Data and Market Uncertainty
Dell reports fiscal results on September 1 and Broadcom on September 2, both after the close and both company-confirmed, with the August employment report following on September 4. Consensus sits at $4.91 EPS for Dell and $3.22 for Broadcom, whose fiscal third quarter revenue is expected near $29.4 billion. The week is the first real test of whether AI infrastructure spending can carry the rally past a macro print.
The first week of September puts two AI infrastructure bellwethers and a macro print in the same five days. DELL reports after the close on Tuesday, September 1, with a consensus EPS estimate of $4.91. AVGO follows after the close on Wednesday, September 2, with a consensus EPS estimate of $3.22 and fiscal third quarter revenue expected near $29.4 billion. Both dates are company-confirmed rather than estimated, which matters because unconfirmed calendar dates move more often than traders expect.
The August employment report lands on Friday, September 4. That sequencing is the interesting part: two AI-levered earnings prints resolve before the labour data does, so the market gets a read on corporate AI demand first and on the rate path second. Reuters has framed the jobs report and Broadcom's results together as the next hurdles for the rally, and a Seeking Alpha preview groups the week around AI infrastructure and enterprise software names .
Broadcom's setup is worth stating carefully, because a stale figure is circulating alongside it. The $63.89 billion revenue number that appears in adjacent coverage is Broadcom's already-reported fiscal 2025 full-year total from December 2025. It is not a preview of this week's quarter, which is a roughly $29.4 billion quarterly figure. Anyone anchoring on the annual number will read the print as a catastrophic miss when it is nothing of the sort.
SentiSense's read going in is mildly constructive rather than euphoric: AVGO scores Slightly Bullish, with a 30 day average of 6.7 warming to 9.5, news and social sentiment at +0.09, and a social dominance rank of 35. The stock last traded at $368.79, down 0.7%. What to watch is less the headline beat than the AI revenue mix and the guidance, since that is where the read-through to the rest of the complex actually lives.
Related Stocks
Powered by SentiSense - Intelligent Market Analysis