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Broadcom Earnings Calls
| Release date | Jun 03, 2026 |
| EPS estimate | $2.40 |
| EPS actual | $2.44 |
| EPS Surprise | 1.67% |
| Revenue estimate | 22.13B |
| Revenue actual | 22.187B |
| Revenue Surprise | 0.256% |
| Release date | Mar 04, 2026 |
| EPS estimate | $2.03 |
| EPS actual | $2.05 |
| EPS Surprise | 0.99% |
| Revenue estimate | 19.256B |
| Revenue actual | 19.311B |
| Revenue Surprise | 0.285% |
| Release date | Dec 11, 2025 |
| EPS estimate | $1.87 |
| EPS actual | $1.95 |
| EPS Surprise | 4.28% |
| Revenue estimate | 17.466B |
| Revenue actual | 18.015B |
| Revenue Surprise | 3.14% |
| Release date | Sep 04, 2025 |
| EPS estimate | $1.66 |
| EPS actual | $1.69 |
| EPS Surprise | 1.81% |
| Revenue estimate | 15.826B |
| Revenue actual | 15.952B |
| Revenue Surprise | 0.796% |
Last 4 Quarters for Broadcom
Below you can see how AVGO performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Sep 04, 2025 |
| Price on release | $306.10 |
| EPS estimate | $1.66 |
| EPS actual | $1.69 |
| EPS surprise | 1.81% |
| Date | Price |
|---|---|
| Aug 28, 2025 | $308.65 |
| Aug 29, 2025 | $297.39 |
| Sep 02, 2025 | $298.24 |
| Sep 03, 2025 | $302.39 |
| Sep 04, 2025 | $306.10 |
| Sep 05, 2025 | $334.89 |
| Sep 08, 2025 | $345.65 |
| Sep 09, 2025 | $336.67 |
| Sep 10, 2025 | $369.57 |
| 4 days before | -0.83% |
| 4 days after | 20.74% |
| On release day | 9.41% |
| Change in period | 19.74% |
| Release date | Dec 11, 2025 |
| Price on release | $406.96 |
| EPS estimate | $1.87 |
| EPS actual | $1.95 |
| EPS surprise | 4.28% |
| Date | Price |
|---|---|
| Dec 05, 2025 | $390.24 |
| Dec 08, 2025 | $401.10 |
| Dec 09, 2025 | $406.34 |
| Dec 10, 2025 | $412.92 |
| Dec 11, 2025 | $406.96 |
| Dec 12, 2025 | $359.90 |
| Dec 15, 2025 | $339.86 |
| Dec 16, 2025 | $341.30 |
| Dec 17, 2025 | $326.02 |
| 4 days before | 4.28% |
| 4 days after | -19.89% |
| On release day | -11.57% |
| Change in period | -16.46% |
| Release date | Mar 04, 2026 |
| Price on release | $317.53 |
| EPS estimate | $2.03 |
| EPS actual | $2.05 |
| EPS surprise | 0.99% |
| Date | Price |
|---|---|
| Feb 26, 2026 | $321.70 |
| Feb 27, 2026 | $319.55 |
| Mar 02, 2026 | $318.65 |
| Mar 03, 2026 | $313.84 |
| Mar 04, 2026 | $317.53 |
| Mar 05, 2026 | $332.77 |
| Mar 06, 2026 | $330.48 |
| Mar 09, 2026 | $345.75 |
| Mar 10, 2026 | $342.58 |
| 4 days before | -1.30% |
| 4 days after | 7.89% |
| On release day | 4.80% |
| Change in period | 6.49% |
| Release date | Jun 03, 2026 |
| Price on release | $479.23 |
| EPS estimate | $2.40 |
| EPS actual | $2.44 |
| EPS surprise | 1.67% |
| Date | Price |
|---|---|
| May 28, 2026 | $426.58 |
| May 29, 2026 | $446.77 |
| Jun 01, 2026 | $459.97 |
| Jun 02, 2026 | $481.57 |
| Jun 03, 2026 | $479.23 |
| Jun 04, 2026 | $418.91 |
| Jun 05, 2026 | $385.73 |
| Jun 08, 2026 | $396.60 |
| Jun 09, 2026 | $392.16 |
| 4 days before | 12.34% |
| 4 days after | -18.17% |
| On release day | -12.59% |
| Change in period | -8.07% |
Broadcom Earnings Call Transcript Summary of Q2 2026
Broadcom reported a record Q2 FY2026 with consolidated revenue of $22.2B (up 48% YoY), driven by an AI semiconductor surge. Semiconductor revenue hit $15.0B (+79% YoY), with AI semiconductor revenue at $10.8B (+143% YoY). Bookings for AI semiconductors exceeded $30B in the quarter. Management expects strong acceleration: Q3 semiconductor revenue guided to ~$20.5B with AI semiconductors ~ $16B, and full-year AI semiconductor revenue projected at ~$56B (≈+180% YoY). Broadcom reiterates FY2027 AI semiconductor revenue in excess of $100B. Infrastructure software revenue was $7.2B (+9% YoY) with ARR growth of 17%; Q3 software revenue guided to ~$8.9B. Margins remain robust: Q2 operating margin 67% and adjusted EBITDA 69%; Q3 operating margin expected about 67% despite gross-margin mix compression as AI semiconductors become a larger share. Free cash flow was a record $10.3B; net cash ~$19.6B. Management highlighted multi-gigawatt multi-year customer commitments (Google, Anthropic, OpenAI, Meta and others), supply visibility into 2028, ongoing investment in networking (Tomahawk, Jericho, CPO optics) and an XPU platform initiative with external financing to deploy large-scale compute (multi‑GW). Key investor takeaways: materially larger and front‑loaded AI backlog and bookings driving rapid near-term revenue growth, high operating leverage sustaining very strong margins, multi-year customer commitments underpinning FY27+ visibility, and significant free cash generation enabling capital return and platform investments.
