Broadcom (AVGO) reported fiscal Q2 2026 earnings on June 3, 2026, and provided a forecast for AI chip revenue that...

Broadcom (AVGO) reported fiscal Q2 2026 earnings on June 3, 2026, and provided a forecast for AI chip revenue that disappointed investors. CEO Hock Tan guided for $56 billion in AI chip revenue for the fiscal year ending October 2026, falling short of the $57.6 billion average analyst estimate (Bloomberg). The stock dropped sharply in extended trading, with the Financial Times reporting a loss of more than $300 billion in market value (FT). Digitimes also confirmed the AI revenue outlook missed elevated expectations (Digitimes). Despite the near-term miss, Broadcom reiterated its long-term target of exceeding $100 billion in AI chip revenue by 2027 (Digitimes). The miss signals potential softening in demand from hyperscaler customers or execution challenges, impacting Broadcom's AI infrastructure peers and competitors.