AVGO Earnings

AVGO reported its earnings on 2026-03-04, showcasing a revenue of 19.31B against an estimate of 19.27B, resulting in a 0.21% surprise. The EPS was 2.05, surpassing the expected 2.02 by 1.49%. The stock experienced a 4.8% price change on the earnings day and a 7.89% change over the next five days, reflecting market reactions to the results.

Following AVGO's earnings announcement on 2026-03-04, the stock price moved by 4.8% on the day of the release. Over the subsequent five days, it saw a 7.89% change. Historically, AVGO's stock price tends to shift by an average of 0.07% in the 10 days leading up to earnings and 7.72% in the 10 days following, providing insight into potential market.

For 2026/Q2, analysts estimate AVGO's annual revenue to reach 20.22B, while the EPS is projected at 2.13. These estimates reflect recent revisions, with revenue estimates revised upward by 11.38% and EPS estimates revised upward by 3.98% over the past three months, indicating analyst expectation in the company's performance.

The correlation between AVGO's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock's fundamentals. Over the past three months, revenue estimates for FY2026 were revised upward by 11.38%, while EPS estimates moved revised upward by 3.98%. This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, AVGO's stock price typically moves by 0.07% in the 10 days before its earnings and 7.72% in the 10 days after. For the upcoming 2026/Q2 earnings, analysts expect an EPS of 2.13 and revenue of 20.22B.

The earnings call summary presents a positive picture, with Broadcom reporting solid financial performance, including revenue growth, improved gross margins, and increased net income. The company also announced a dividend increase and a substantial share buyback program, which are strong indicators of shareholder value creation. However, the lack of detailed guidance for Q2 and absence of risk discussion slightly tempers the sentiment. Overall, the financial health and shareholder return initiatives suggest a positive stock price movement in the near term.