Broadcom earnings, guidance top analysts’ expectations

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.

Broadcom earnings, guidance top analysts’ expectations The semiconductor company reported second quarter earnings after the bell Wednesday. Broadcom https://robinhood.com/us/en/stocks/AVGO/?source=sherwood released second-quarter earnings, narrowly beating analysts’ estimates, but the stock fell after hours. The company posted: Non-GAAP earnings of $2.44 a share, above the FactSet analyst consensus of $2.40 Revenue of $22.19 billion, compared with the Street’s $22.13 billion AI semiconductor revenue of $10.8 billion, compared with the company’s $10.7 billion target a quarter ago https://sherwood.news/markets/broadcom-q1-2026-earnings-ai-boom-bubble-custom-chips/ . The company’s guidance for the third quarter consisted of: Revenue of $29.4 billion, versus analysts’ $28.25 billion Adjusted EBITDA of $19.99 billion, compared with the Street’s $19.39 billion Shares were down 4.8% in recent after-hours trading. "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. Prior 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/ .