Earnings live: Broadcom gives upbeat forecast for AI demand, Lululemon stock pops, Costco dips

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• We see the momentum continuing in Q1 and expect AI semiconductor revenue to double year-over-year to $8.2 billion, driven by custom AI accelerators and Ethernet AI switches

  80% confidence

• There is soft demand and a choppy housing market this year, though the luxury business remains differentiated

  80% confidence

• Price increases in the industry are likely to persist for couple of more quarters, before getting back to normal inflationary rates. Thus, normalizing inflation rates will set up AZO to lap outsized LIFO charges in FY'26 and recover in FY'27

  80% confidence

• As we enter the holiday season, we are encouraged by our early performance. We continue to make progress in our turnaround plan and expect to see more results in 2026

  80% confidence

• In Q4, record revenue of $18.0 billion grew 28% year-over-year, driven primarily by AI semiconductor revenue increasing 74% year-over-year

  80% confidence

• 306 S&P 500 companies cited the term 'AI' on earnings calls held from Sept. 15 through Dec. 4, the highest level in 10 years

  80% confidence

• We've been hard at work relaunching our marketing engine, reinvigorating our food & beverage offering, improving our operations, refreshing our games platform, and revamping our store remodel program

  80% confidence

• Sentiment toward food retailers seems to have soured a bit over the past few months, including for Kroger. When inflationary concerns were more persistent in the food space and the consumer environment was stronger, the food retail space was better liked

  80% confidence

• While our Snacks business continues to weather category softness, our brands remain highly relevant

  80% confidence

• S&P 500 companies that mention 'AI' have seen a higher average price increase than their non-AI-mentioning counterparts over the past couple of months and over the past year

  80% confidence

• We forecast Q1'26 total revenue of $19.1 billion and adjusted EBITDA of 67%

  80% confidence

• Consumers remain intentional in their shopping behaviors with at-home-cooking trends continuing to benefit our brands within our Meals & Beverages portfolio that deliver quality, convenience and value

  80% confidence

• As we look ahead to the all-important holiday season, we know many consumers' wallets are pressured and they are seeking value. We are confident in our plans, and our teams are ready to make Holiday Happen Here at Ulta Beauty

  80% confidence

• Chewy continues to outperform the pet category and expand market share, with profits once again growing faster than sales

  80% confidence

• As of late, the view has been that CHWY's gross margin has limited upside going forward. While the scaling of its sponsored ad initiative has been a meaningful gross margin driver of the past several quarters, we think this trend needs to continue for the company to see the same magnitude of GM gains

  80% confidence