Broadcom Stock Drops Despite Earnings Beat
Despite reporting better-than-expected earnings for fiscal Q3 2026, Broadcom (AVGO) stock fell by nearly 6.4% in early trading on September 2, 2026. The company reported $3.32 per share in non-GAAP earnings and revenue of $29.6 billion—beating forecasts but not meeting the high expectations set for its Q4 guidance. Investors were disappointed because Broadcom's projected sales for Q4 came in below Wall Street estimates, even though it expects AI semiconductor revenue to triple again. The company anticipates total Q4 sales around $34.8 billion, with 62% coming from AI-related products. However, analysts had expected more than $35 billion. The stock's decline highlights the market’s sensitivity to forward-looking guidance in high-growth sectors like AI semiconductors.
Tickers: $AVGO