Broadcom falls as tiny top- and bottom-line beats underwhelm following massive rally - Sherwood News

Broadcom delivered a small beat on the top and bottom lines in its fiscal second quarter. Revenues were $15 billion, compared to an estimate of $14.96 billion, while adjusted earnings per share of

Broadcom delivered a small beat on the top and bottom lines in its fiscal second quarter.

Revenues were $15 billion, compared to an estimate of $14.96 billion, while adjusted earnings per share of $1.58 were two pennies above what Wall Street had penciled in.

Its third-quarter guidance continued the theme of good, but not great: the outlook is for sales of about $15.8 billion (est. $15.72 billion).

Shares dipped as much as 4.5% in a knee-jerk response to earnings. The options-implied earnings move is about 6.8%.

The Robin to Nvidia’s Batman hit a fresh record high on Tuesday after saying shipments of its new AI hardware had commenced, and continued to gain on Wednesday before retreating a touch ahead of this report.

Shares were up nearly 80% since its early April 2025 low heading into earnings.

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