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Broadcom Falls as Soft Q3 Revenue Outlook Overshadows AI Sales Surge

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The Story

News Summary

  • Broadcom beat Q2 CY2026 earnings estimates with revenue surging 85.5% YoY to $29.59 billion.
  • However, shares fell over 4.5% due to weaker-than-expected Q3 revenue guidance of $34.8 billion, driven by supply chain constraints and margin dilution from custom XPUs.
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AVGO price history

361.99 -3.69% over the displayed period

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