PALO ALTO, California, September 2, 2026, 11:00 EDT — Broadcom (AVGO.O) shares slipped 0.5% as investors awaited the company’s ability to meet its ambitious $16 billion AI revenue goal.
- At 11:00:42 EDT, Broadcom was at $368.01, falling 0.45%.
- Fiscal Q3 earnings and outlook will be released after markets close on Wednesday.
- Management forecast AI semiconductor revenue at approximately $16 billion.
- With a shift toward heavier chips, margin guidance is now as crucial as revenue figures.
Broadcom Inc. (NASDAQ:AVGO) fell 0.45% to $368.01 as of 11:00:42 EDT on Wednesday. The chipmaker is scheduled to announce its fiscal third-quarter results after markets close Yahoo Finance.
The test extends beyond surpassing revenue forecasts. Broadcom’s AI chip share is increasing at a quicker pace than its software unit. That shifts the focus of the next margin projection alongside the main sales figure.
Management projects quarterly AI chip revenue of approximately $16 billion, representing an increase of over 200% from the same period last year. Overall revenue guidance is roughly $29.4 billion Broadcom Q2 release.
Broadcom intraday price
U.S. dollars; five-minute closes selected from the regular session
As of . Day range: $364.65–$370.39. Source: Yahoo Finance; prices are not live-streaming.
Shares rebounded after an early decline but stayed under the Tuesday close of $369.68. The trading range was between $364.65 and $370.39. Volume totaled 5.75 million shares at the time of reporting.
The projected AI amount is slightly more than triple what was recorded in last year’s third quarter. It stands 48% higher than the $10.8 billion announced for fiscal Q2.
AI semiconductor revenue ramp
Broadcom-reported revenue and management guidance, in billions of dollars
Sources: Broadcom fiscal Q3 2025 and fiscal Q2 2026. The $16.0 billion figure is guidance, not a reported result.
According to S&P Global Market Intelligence data referenced by Kiplinger, Wall Street projects revenue of $29.4 billion and adjusted earnings per share of $3.24. The forecasts are closely aligned with management’s outlook for sales.
The slim margin increases the challenge for future guidance. Broadcom’s stock dropped 13.01% following the last report, even as it surpassed expectations, Investing.com reported.
Fiscal Q2 highlights the impact of product mix. Semiconductor solutions revenue reached $15.01 billion, increasing 79%. Infrastructure software brought in $7.18 billion, marking a 9% rise Broadcom 10-Q.
Fiscal Q2 operating mix
Reported quarter ended May 3, 2026
Source: Broadcom fiscal Q2 2026 results and Form 10-Q. Margins use company definitions.
Revenue from the chip division accounted for 68%, increasing from 56%. Broadcom stated that this change partially counterbalanced scale advantages, as semiconductors have lower gross margins compared to software.
Cash flow continues to provide support. Free cash flow for fiscal Q2 rose by 60% to $10.26 billion, representing 46% of total revenue.
Analysts maintain an optimistic outlook. S&P Global follows 49 analysts who have a consensus rating of Strong Buy, with an average price target of $525.97. Susquehanna analyst Christopher Rolland anticipates “slightly better results and guidance” in AI networking and software, but noted ongoing supply constraints at advanced nodes Kiplinger.
Price versus the analyst target
49 analysts · consensus Strong Buy
The target implies about 43% upside but is not a forecast of near-term results. Sources: Kiplinger citing S&P Global Market Intelligence; current price from Yahoo Finance as of September 2, 2026, 11:00:42 EDT.
Risks: Broadcom said around 45% of its fiscal Q2 revenue came from its five largest end customers. Its AI-rack support could total as much as $29 billion. Fluctuations in supplier capacity and the timing of customer deployments may also impact quarterly outcomes Broadcom 10-Q.
The next confirmed catalyst is scheduled for after the market closes on Wednesday. Broadcom will begin its conference call at 5:00 p.m. EDT company event page. Investors are set to assess revenue, AI sales, and margins in relation to the current guidance.
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