Broadcom (AVGO) Reports $22.19B Revenue, Down 12.9% Monthly
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowBroadcom Inc. (AVGO) reported $22.19 billion in revenue for Q2 2026, missing analyst estimates of $22.27 billion. The company's shares have decreased by 12.9% over the past month, largely following this earnings report. Firms such as Benchmark and DA Davidson have adjusted their price targets, setting new targets at $545 and $400 respectively. Despite the volatility and missed guidance, analysts have maintained a Buy and Neutral rating on Broadcom, with ongoing discussions surrounding its position in the semiconductor market.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Broadcom Inc. (AVGO)
Broadcom is a diversified semiconductor and infrastructure-software maker, supplying networking, broadband, and custom AI chips to data centers and device makers.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier AVGO news
- Broadcom (AVGO) Q3 AI Revenue Outlook Misses at $16B, Shares Drop
- Anthropic Secures $35 Billion Expansion with Broadcom Partnership
- Anthropic Expands AI Capacity by $35 Billion with Broadcom Partnership
- SoftBank (9984) Shares Plunge 7.5% Amid Broader Asian Tech Sell-Off
- Broadcom (AVGO) Reports 48% Revenue Growth, Stock Price Declines
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