Key Takeaways
- Broadcom’s fiscal Q2 2026 earnings announcement scheduled for June 3 following market close
- Analyst consensus points to $22.12 billion in revenue (47% year-over-year growth) and $2.40 earnings per share (52% YoY increase)
- Options market indicates potential 10.65% price swing following earnings disclosure
- The company has surpassed earnings projections for nine consecutive quarters
- AVGO shares have climbed approximately 30% in 2025; Wall Street’s mean price target stands at $480.04
Broadcom is scheduled to unveil its second-quarter fiscal results following Wednesday’s market close on June 3.
AVGO shares concluded the previous week at an unprecedented peak and have surged approximately 29% year-to-date.
The options market suggests an anticipated movement of roughly 10.65% in either direction after the earnings release. This expectation significantly exceeds the stock’s typical post-earnings fluctuation of 6.67% observed across the preceding four quarters.
A movement of this magnitude could propel AVGO beyond $487 to establish a fresh record, or conversely drive it down toward the $406 level.
Wall Street’s Earnings Projections
Financial analysts are anticipating Q2 FY26 revenue reaching $22.12 billion, representing a 47% year-over-year expansion. Adjusted earnings per share are projected at $2.40, marking a 52% increase compared to the corresponding period in the prior year.
Broadcom has consistently exceeded analyst projections throughout its last nine quarterly reports, providing investors with substantial reason for optimism.
UBS recently elevated its price objective for AVGO to $490 from a previous $475. The investment firm indicated that market participants will concentrate on developments regarding new custom AI chip deals.
Susquehanna’s analyst Christopher Rolland similarly increased his target price to $490 from $450, maintaining his Buy recommendation.
Rolland anticipates robust performance fueled by sustained demand for artificial intelligence chips and networking solutions. Nevertheless, he adjusted his fiscal 2026 AI revenue projection downward to approximately $55 billion from $62.5 billion, attributing the revision to diminished expectations connected to a chip program involving Anthropic.
Wall Street Consensus and Price Objectives
Among 11 analysts monitored by Visible Alpha, 10 assign AVGO a Buy rating. A single analyst maintains a neutral stance. The collective price target averages $467, indicating approximately 5% potential appreciation from Friday’s closing price.
TipRanks presents comparable findings, displaying 26 Buy recommendations and four Hold ratings across the most recent three-month period. The platform’s average price objective reaches $480.04, pointing to roughly 7.45% upside potential.
TipRanks’ AI Analyst assigns an Outperform rating on AVGO with a $458 price target. This assessment draws support from robust profit margins and substantial free cash flow generation, although the analysis notes the stock appears moderately overbought following its recent advance.
Market participants will pay close attention to management’s discussion regarding Broadcom’s AI chip development pipeline, particularly any updates concerning custom chip partnerships with Alphabet and Meta.
