Key Takeaways
- Broadcom will announce its fiscal Q2 2026 financial results on June 3 following market close
- Analysts project sales of $22.12 billion (47% year-over-year growth) and earnings per share of $2.40 (52% YoY increase)
- The options market suggests a potential 10.65% price swing in either direction after the announcement
- The company has surpassed Wall Street’s earnings projections for nine consecutive quarters
- Shares of AVGO have climbed approximately 30% year-to-date; consensus analyst target stands at $480.04
Broadcom is scheduled to unveil its second-quarter fiscal year results after Wednesday’s market close on June 3.
AVGO shares reached a fresh record high last week and have surged roughly 29% since the start of the year.
The options market is indicating an approximately 10.65% movement in either direction once the earnings report drops. This exceeds the stock’s typical post-earnings movement of 6.67% across the previous four quarters.
Such a swing could propel AVGO beyond $487 to establish a fresh peak, or drag it down closer to $406.
Consensus Estimates from Wall Street
For the second quarter of fiscal 2026, analysts are calling for revenue of $22.12 billion, representing a 47% jump from the prior year. Adjusted earnings per share are anticipated at $2.40, marking a 52% increase compared to the year-ago period.
Broadcom has topped analyst forecasts in its previous nine quarterly reports, providing shareholders with confidence heading into the print.
UBS upgraded its price objective on AVGO to $490 from $475 recently. The investment firm noted that market participants will be keenly awaiting commentary regarding new custom AI chip deals.
Susquehanna’s Christopher Rolland similarly boosted his target to $490 from $450, maintaining his Buy recommendation.
Rolland anticipates robust performance fueled by appetite for AI semiconductors and networking equipment. However, he reduced his fiscal 2026 AI revenue projection to approximately $55 billion from $62.5 billion, pointing to lowered expectations connected to an Anthropic-linked chip initiative.
Wall Street’s Ratings and Target Prices
Among 11 analysts monitored by Visible Alpha, 10 assign AVGO a Buy rating. One analyst maintains a neutral stance. The consensus target price is $467, indicating approximately 5% potential upside from Friday’s closing price.
TipRanks presents comparable data, featuring 26 Buy recommendations and four Hold ratings during the past three months. The platform’s average target is $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 stems from robust profit margins and impressive free cash flow generation, although the stock appears slightly overbought following its recent rally.
Market participants will be listening carefully for any guidance on Broadcom’s AI semiconductor roadmap, particularly updates regarding custom chip partnerships with Alphabet and Meta.
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