By Investing.com
Publication Date: 2026-06-11 07:56:00
’s latest earnings report was a blow to highly bullish investors who bid up shares drastically going into the release. In the seven days leading up to Broadcom’s report, shares gained more than 15%, pushing them to never-before-seen levels exceeding $475.
In contrast, Broadcom shares are down about 20% since the report, having dropped as low as $375. This came despite Broadcom posting beats on sales and adjusted earnings per share (EPS) and providing total guidance that was better than expected.
However, artificial intelligence (AI) semiconductor sales guidance for Q3 fiscal 2026 (FY2026) and fiscal year 2027 (FY2027) fell short of very high expectations. (Note that Broadcom’s fiscal reporting period is slightly ahead of the standard reporting period used by many companies.)
Nonetheless, investors may be able to take solace in the fact that Broadcom’s report did little to deter the bullish sentiment among Wall Street analysts. In fact, analysts overwhelmingly moved their…
