{"slug": "broadcom-earnings-guidance-top-analysts-expectations", "title": "Broadcom earnings, guidance top analysts’ expectations", "summary": "Broadcom reported second-quarter earnings of $2.44 per share on revenue of $22.19 billion, exceeding analyst expectations of $2.40 per share and $22.13 billion, respectively. The company also issued third-quarter revenue guidance of $29.4 billion, above the $28.25 billion consensus, driven by accelerating AI semiconductor revenue. Despite the beat, shares fell 4.8% in after-hours trading.", "body_md": "# Broadcom earnings, guidance top analysts’ expectations\n\nThe semiconductor company reported second quarter earnings after the bell Wednesday.\n\n[Broadcom](https://robinhood.com/us/en/stocks/AVGO/?source=sherwood) released second-quarter earnings, narrowly beating analysts’ estimates, but the stock fell after hours.\n\nThe company posted:\n\nNon-GAAP earnings of $2.44 a share, above the FactSet analyst consensus of $2.40\n\nRevenue of $22.19 billion, compared with the Street’s $22.13 billion\n\nAI semiconductor revenue of $10.8 billion, compared with the company’s $10.7 billion target\n\n[a quarter ago](https://sherwood.news/markets/broadcom-q1-2026-earnings-ai-boom-bubble-custom-chips/).\n\nThe company’s guidance for the third quarter consisted of:\n\nRevenue of $29.4 billion, versus analysts’ $28.25 billion\n\nAdjusted EBITDA of $19.99 billion, compared with the Street’s $19.39 billion\n\nShares were down 4.8% in recent after-hours trading.\n\n\"Broadcom achieved record revenue, operating profit and free cash flow in Q2 driven by accelerating growth in AI semiconductor revenue and strong operating leverage,\" said Hock Tan, Broadcom President and CEO.\n\nPrior to the earnings, Broadcom had surged nearly 100% in the last year. Most recently the semiconductor company caught a bid after [Alphabet](https://robinhood.com/us/en/stocks/GOOGL/?source=sherwood), which alone is responsible for [13% of Broadcom’s revenue](https://www.bloomberg.com/news/articles/2026-06-03/broadcom-s-280-billion-four-day-bonanza-to-get-earnings-check), announced an [$80 billion equity raise](https://sherwood.news/tech/alphabet-announces-80-billion-equity-raise-to-fund-ai-infrastructure-including-a-10-billion-bet-from-berkshire-hathaway/) — [proof the search giant can keep ponying up](https://sherwood.news/markets/alphabets-80-billion-equity-raise-is-a-signal-that-the-ai-party-can-continue/) for the custom chip specialist as it executes its [massive AI infrastructure plans](https://sherwood.news/tech/google-earnings-q1-2026/).", "url": "https://wpnews.pro/news/broadcom-earnings-guidance-top-analysts-expectations", "canonical_source": "https://sherwood.news/tech/broadcom-earnings-guidance-top-analysts-expectations/", "published_at": "2026-06-03 20:26:48+00:00", "updated_at": "2026-06-03 20:57:46.762224+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-chips", "ai-infrastructure"], "entities": ["Broadcom", "Hock Tan", "Alphabet", "FactSet"], "alternates": {"html": "https://wpnews.pro/news/broadcom-earnings-guidance-top-analysts-expectations", "markdown": "https://wpnews.pro/news/broadcom-earnings-guidance-top-analysts-expectations.md", "text": "https://wpnews.pro/news/broadcom-earnings-guidance-top-analysts-expectations.txt", "jsonld": "https://wpnews.pro/news/broadcom-earnings-guidance-top-analysts-expectations.jsonld"}}