- Broadcom posted adjusted EPS of $3.32 and revenue of $29.59 billion for fiscal Q3, above estimates of $3.24 and $29.36 billion.
- The company forecast fiscal Q4 revenue of $34.8 billion versus the $35.03 billion consensus, limiting the upside from its earnings beat.
- Broadcom's semiconductor revenue more than tripled to $16.7 billion, while infrastructure software revenue of $8.75 billion fell short of the $8.82 billion consensus.
- Broadcom shares have gained about 6% in 2026, trailing the broader chip sector's 60% rise.
Quotes
“Broadcom shares dropped 5% in extended trading on Wednesday after the chipmaker issued disappointing guidance for the current quarter.”