Key Takeaways
- Broadcom’s fiscal Q2 2026 earnings announcement scheduled for June 3 following market close
- Analyst consensus calls for $22.12 billion in revenue (47% annual growth) and $2.40 earnings per share (52% annual increase)
- The options market suggests a potential 10.65% price swing following the earnings release
- The semiconductor giant has surpassed earnings projections for nine consecutive quarters
- AVGO shares have surged approximately 30% in 2025; consensus analyst target stands at $480.04
Broadcom will unveil its fiscal second-quarter financial performance following Wednesday’s market close on June 3.
AVGO shares reached a record peak last week and have climbed roughly 29% year-to-date.
The options market is anticipating approximately a 10.65% price movement in either direction after the earnings announcement. This expectation significantly exceeds the stock’s typical post-earnings fluctuation of 6.67% observed across the previous four quarterly reports.
Such a movement could propel AVGO beyond $487 to establish a fresh record, or alternatively drive it down toward the $406 level.
Wall Street Consensus Projections
Analyst forecasts point to Q2 FY26 revenue reaching $22.12 billion, representing a 47% year-over-year increase. Adjusted earnings per share are projected at $2.40, marking a 52% jump compared to the equivalent quarter last year.
Broadcom has consistently exceeded analyst expectations across its previous nine quarterly reports, providing compelling reasons for investor attention.
UBS recently upgraded its AVGO price objective to $490 from $475. The investment firm noted that market participants will scrutinize announcements regarding fresh custom AI chip deals.
Susquehanna’s Christopher Rolland similarly increased his target to $490 from $450, maintaining his Buy recommendation.
Rolland anticipates robust performance fueled by AI chip and networking equipment demand. Nevertheless, he adjusted his fiscal 2026 AI revenue projection downward to approximately $55 billion from $62.5 billion, attributing the revision to diminished expectations associated with an Anthropic-connected chip initiative.
Wall Street Ratings and Target Prices
Among 11 analysts monitored by Visible Alpha, 10 maintain Buy recommendations on AVGO, with one analyst holding a neutral stance. Their collective price target averages $467, indicating approximately 5% potential appreciation from Friday’s closing price.
TipRanks presents comparable sentiment, displaying 26 Buy recommendations and four Hold ratings issued within the past three months. The average target price from this group reaches $480.04, implying roughly 7.45% upside potential.
The TipRanks AI Analyst assigns an Outperform rating to AVGO with a $458 price objective. This assessment reflects robust profit margins and impressive free cash flow production, although the analysis notes potential overbought conditions following the stock’s recent rally.
Market participants will closely monitor management’s commentary regarding Broadcom’s AI chip development roadmap, particularly any updates concerning custom semiconductor agreements with Alphabet and Meta.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
