Broadcom just posted a quarter where AI semiconductor revenue nearly tripled year-over-year. The stock still cratered.
The chipmaker reported fiscal second-quarter 2026 revenue of $22.19B, missing analyst estimates of roughly $22.27B. Shares plunged more than 13% in extended and premarket trading on June 3-4, dragging Nasdaq futures down with them.
The numbers tell a contradictory story
Total revenue hit $22.19B, a 48% jump from the $15.0B the company posted in Q2 2025. AI-related semiconductor sales surged 143% year-over-year to $10.8B. Adjusted earnings per share came in at $2.44, beating the $2.40 consensus estimate. GAAP net income reached $9.31B.
The revenue miss itself was narrow, roughly $80M on a $22B top line. That’s a gap of about 0.4%.
