TradingKey – After the market close on September 2 ET, Broadcom (AVGO) reported its third-quarter financial results. The figures showed that AI revenue maintained strong growth, yet the stock price failed to rally in tandem, dropping over 6% in after-hours trading at one point. What was the reason? Can Broadcom’s stock price still rise?
Why Broadcom Stock Is Falling: AI Revenue Grew 221%, but Q4 Guidance and Gross Margin Weigh on Shares
According to the earnings report, Broadcom’s fiscal 2026 third-quarter revenue reached a record $29.591 billion, up 86% year-over-year and beating market expectations of around $29.3 billion. Adjusted EPS came in at $3.32, up 96% year-over-year, also surpassing market expectations of around $3.24. Free…
