G-255 Earnings Summary with Trading Indicators for December 12, 2025

Just 6 of the 18 G - 255 Single TMT issuer equities now trade below their systematic trading attractive level.

Oracle Earnings/Broadcom Earnings

For a second consecutive day, one of the "less-than--tech" issuers posted results that failed to meet analyst

expectations. Last night's Broadcom and Wednesday night's Oracle earnings trailed consensus, and both stocks traded down ~5% in the aftermarket. That said, overall revenue and earnings growth at Oracle and Broadcom continues to accelerate.

Top G-255 Equity Sector long Indicator? BBB+ TMT

We like to call it the communications / "low-tech" sector. Prior to October, Broadcom itself was rated Baa1/BBB+.

Unlike Oracle, however, Broadcom's balance sheet is shedding debt rapidly, and our stochastic trading model continues to favor owning the recent new-issue bonds. AVGO equity, even after last night's move, remains above its G-255 attractive long trading indicator level. Among single-A rated TMT issuers, only 6 of 18 stocks currently trade below their G-255 systematic attractive trading levels.

G – 255 Single A TMT 3Q Operating Metrics.

G – 255 Single A TMT Balance Sheet

Broadcom FY2026 Guidance Highlights

• Q1 FY2026 Revenue: Broadcom forecasts $19.1 billion, up 28% year-over-year, ahead of analyst consensus (~$18.5B).

• AI Semiconductor Revenue: Expected to double YoY to $8.2 billion in Q1 FY2026, fueled by custom AI accelerators and Ethernet AI switches.

• Adjusted EBITDA: Projected at 67% of revenue in Q1 FY2026.

• Long-Term Backlog: Broadcom reported a record $73 billion AI-related backlog, underscoring sustained demand for its chips.

Disclaimer - This report is not intended as, and does not constitute an offer, or a solicitation to buy or sell any securities or financial instruments. All data, levels, opinions, and representations herein are provided for informational purposes only and should not be relied upon for making investment decisions. Past performance is not indicative of future results. The authors of this report assume no liability for losses or damages arising from the use of this information. Investors should consult with a qualified financial advisor before making any investment decisions. The information in this report is based on sources believed to be reliable, but no guarantee is made as to its accuracy, completeness, or timeliness.