大行评级丨高盛:上调博通目标价至540美元,维持“买入”评级

格隆汇
Sep 04
高盛发表研报指,博通季绩大致符合市场预期,收入296亿美元,毛利率75%(高盛预期74.1%),经营利润率67.9%(高盛预期67%),经营每股盈利3.32美元;AI半导体收入同比升221%至167亿美元。管理层预期AI半导体收入于2027财年倍增至逾1150亿美元,并于2028财年再倍增至逾2300亿美元;短期则预期2026财年AI收入增长逾约100%至580亿美元。客户方面,除谷歌业务持续增长外,预期Anthropic将成为2027财年最大客户,OpenAI及Meta于2028财年亦有显著贡献。该行对2026/27/28财年AI半导体收入预测分别为580亿、1250亿及2400亿美元。该行认为现水平仍具吸引力,维持“买入”评级,12个月目标价由525美元上调至540美元。

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