Broadcom’s +7.05% jump: growth supports a measured buy

I see the +7.05% move to $355.38 as broadly supported by growth, not proof of a lasting re-rating; the data provide no basis to assign it a specific cause. Q3 revenue grew 85.5% year over year, EPS rose 215.3%, and net margin reached 44.2%. More importantly for my growth thesis, consensus sees EPS up 144.6% in FY 2026 and another 66.9% in FY 2027, taking estimated forward P/E from 30.5x to 18.3x. The 45.4x trailing P/E is demanding, but the forward compression and $13,665M quarterly free cash flow make it defensible. The rally follows a 14.9% three-month decline, with shares still 26.2% below their 52-week high. My view is unchanged; I’ll initiate a measured position rather than chase heavily.