TradingKey – AI custom chip giant Broadcom (AVGO) will release its third-quarter fiscal 2026 earnings report after market close on September 2, Eastern Time.

Looking back at its second-quarter fiscal results, Broadcom generated revenue of approximately $22.2 billion, up 48% year-over-year, beating analysts’ expectations of $22.1 billion; Non-GAAP EPS came in at $2.44, also above the market expectation range of $2.39-$2.40.

Despite beating expectations, management maintained its original target of “over $100 billion in AI semiconductor revenue for fiscal 2027” rather than raising it above $130 billion as the market had expected, triggering a sell-off due to investor disappointment. On June 3, the stock touched an all-time high of $495…