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Jun 3, 2026 4:00 AM

Top Wall Street Forecasters Revamp Broadcom Price Target Ahead Of Q2 Earnings

Broadcom IncĀ (NASDAQ:AVGO)is scheduled to report its second quarter results after market close on Wednesday, June 3.

Analysts expect the Palo Alto, California-based company to report adjusted EPS of $2.40 on revenue of $22.12 billion, representing year-over-year increase of about 52% for earnings and 47.5% for revenue, driven by surging demand for custom AI accelerators and infrastructure software.

On June 1, Broadcom showcased its new broadband Edge AI portfolio, which includes AI-ready broadband solutions such as a 50G PON gateway SoC, a comprehensive Wi-Fi 8 product family, and a joint 5G and Wi-Fi 8 fixed wireless access (FWA) platform solution.

Shares of Broadcom surged 4.70% to close at $481.77 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

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