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BROADCOM MISSES Q2 TARGETS, AI FORECAST DISAPPOINTS

Broadcom reported Q2 revenue of $22.19B, falling short of $22.27B expectations despite 48% year-over-year growth. The chipmaker's Q3 AI semiconductor revenue forecast came in below analyst estimates, triggering a 12%+ after-hours stock decline.

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Broadcom reports Q2 revenue up 48% YoY to $22.19B, vs. $22.27B est., and forecasts Q3 semiconductor revenue from AI below estimates; AVGO drops 12%+ after hours (Reuters)

Reuters: Broadcom reports Q2 revenue up 48% YoY to $22.19B, vs. $22.27B est., and forecasts Q3 semiconductor revenue fro…

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