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Jun 3, 2026 4:40 PM

Broadcom Stock Slides On Mixed Q2 Results Despite Booming AI Semiconductor Revenue

Broadcom Inc (NASDAQ:AVGO) posted financial results for the second quarter of fiscal 2026 after the market close on Wednesday. Here’s a rundown of the report.

Broadcom stock is moving. What’s the outlook for AVGO shares?

Broadcom Reports Mixed Q2 Results

Broadcom reported second-quarter revenue of $22.19 billion, missing analyst estimates of $22.27 billion. The semiconductor company posted adjusted earnings of $2.44 per share for the quarter, beating analyst estimates of $2.40 per share, according to Benzinga Pro.

Revenue in the quarter was up 48% on a year-over-year basis, driven by accelerating growth in AI semiconductor revenue and strong operating leverage.

Broadcom generated approximately $10.49 billion ...