The American chipmaker Broadcom reported a 48% revenue surge and AI semiconductor sales up 143%, but its refusal to raise its long-term sales target sent shares tumbling more than 12% in after-hours trading.
Published on
04/06/2026 - 11:52 GMT+2
Broadcom's second-quarter results were, by almost any standard measure, exceptional.
Revenue climbed 48% year-on-year to a record $22.2 billion (€19.1bn), AI chip sales more than doubled, and adjusted earnings per share rose 54% to $2.44, comfortably beating consensus estimates.
Yet none of it was enough.
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Broadcom posted record $22.19B revenue and 143% AI chip growth, but shares dropped 4% after hours as investors sold the news on…
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AI semiconductor sales hit $10.8 billion in the quarter, up 143% year over year, but shares fell on an underwhelming AI chip…
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Broadcom has been one of the biggest beneficiaries of the AI race. Read more at straitstimes.com. Read more at straitstimes.com.
(Corrects to say adjusted profit beat estimates, not trailed, in paragraph 7)June 3 : Broadcom forecast third-quarter revenue…
