New York, February 2, 2026, 18:23 (EST) — After-hours
- Shares ended down about 0.1% at $331.11 and held near that level after the bell
- Company set March 4 for fiscal first-quarter results and business outlook
- Investors are watching AI-driven growth against margin pressure and customer concentration
Broadcom shares held near $331 in after-hours trading on Monday after the Nasdaq-listed chip and software group set March 4 for its fiscal first-quarter results and business outlook. The stock ended regular trade down about 0.1% at $331.11.
The timing matters because Broadcom’s fiscal first quarter ended Feb. 1 and the company has already put numbers on the table. In its last quarterly report in December, Hock Tan said, “We see the momentum continuing in Q1 and expect AI semiconductor revenue to double year-over-year to $8.2 billion,” as Broadcom forecast first-quarter revenue of about $19.1 billion. PR Newswire
Broadcom’s muted move came as chipmakers powered a rally in U.S. stocks, with the S&P 500 up 0.54% and the Nasdaq Composite index up 0.56%. Advanced Micro Devices rose 4% and Micron Technology added 5.5%, while Tim Ghriskey at Ingalls & Snyder said, “The fundamentals are good and earnings are strong.” Alphabet rose 1.9% and Amazon.com gained 1.5% ahead of results due later this week. Reuters
For Broadcom, the next month is about guidance. Investors will want to hear how demand is tracking across data-center chips and the company’s infrastructure software, and whether any pockets are cooling.
The mix is the hard part. If growth leans toward lower-margin hardware, it can show up quickly in profitability; if software carries more weight, that looks different.
But Broadcom has warned that a bigger mix of AI hardware can come with less profit. Kirsten Spears said in December that gross margin could fall about 100 basis points in the first quarter, and Kinngai Chan at Summit Insights flagged customer concentration, saying, “The backlog is still coming from only five customers.” Broadcom designs custom AI chips, known as ASICs, with cloud giants such as Google and Meta Platforms, offering an alternative to Nvidia’s graphics processors. Reuters
The stock has not given much away in late trade, but that can change fast when investors start gaming the numbers and the tone of the call. A cautious outlook, or another hit to margins, would be enough.
Broadcom is d
ue to release results after the close on March 4, with a conference call scheduled for 5 p.m. Eastern. That is the next hard catalyst for the stock.
