Broadcom reported fiscal third-quarter earnings and revenue above analysts' expectations, with earnings per share at $3.32 and revenue of $29.59 billion. However, the company issued a disappointing revenue forecast for the fiscal fourth quarter, expecting $34.8 billion compared to analysts' $35.03 billion estimate, causing shares to fall 5% in after-hours trading. Broadcom has benefited from AI demand, supplying custom chips to major firms like Apple and OpenAI, and its semiconductor revenue more than tripled year-over-year. Despite strong growth and a market cap near $1.8 trillion, the stock has underperformed broader indexes in 2026. Investors will watch upcoming executive discussions for further insights.
Broadcom Inc. reported strong fiscal Q3 results, surpassing revenue estimates with an 86% increase driven by semiconductor solutions, which now make up 70% of its revenue. The company benefits from demand for custom AI accelerators and networking pro...
Broadcom Inc. reported a robust Q3 with earnings per share up 96% and revenue rising 86%, driven by a 221% surge in AI semiconductor sales and 30% growth in infrastructure software. Despite these strong results, the stock price fell after earnings, p...
JPMorgan's JEPI ETF offers an 8.33% yield mainly from option premiums and large-cap stocks, but in taxable accounts, most distributions are taxed as ordinary income, not at the lower qualified dividend rate. This results in a significant tax penalty—...
Broadcom's shares fell over 6% after the company forecasted fiscal Q4 revenue of $34.8 billion, below Wall Street's $35.03 billion estimate. This overshadowed a strong Q3 performance where revenue rose 86% year-over-year to $29.6 billion, driven by a...
Broadcom reported strong Q3 fiscal 2026 results with revenue rising 86% year-over-year to $29.6 billion, led by a 221% surge in AI semiconductor revenue. Operating income and net income also more than doubled, reflecting robust demand for AI accelera...
