Broadcom Reports Record Q2 Results Amid Stock Drop
Chicago, IL – June 5, 2026 – Broadcom Inc. (AVGO) reported a record fiscal Q2 revenue of $22.18 billion, a 48% increase from $15 billion a year ago, surpassing estimates of $22.03 billion. Despite these impressive results, shares dropped as much as 15% in morning trading on June 5, raising questions about investor expectations regarding the company’s growth potential in the AI sector.
The surge in AI-related revenue is a key highlight, with Broadcom’s AI semiconductor revenue soaring 143% year-over-year to $10.8 billion. The company’s semiconductor solutions segment achieved $15 billion in revenue, while infrastructure software generated approximately $7.2 billion. Broadcom anticipates Q3 semiconductor revenue could reach around $16 billion, translating to over 200% growth year-over-year.
In terms of earnings, Broadcom’s adjusted earnings per share rose 54% to $2.44, exceeding Wall Street’s expectations of $2.40. The company projects Q3 revenue at $29.4 billion, indicating an 84% year-over-year increase and surpassing analysts’ forecasts of $27.17 billion.
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