As Broadcom's third-quarter earnings announcement approaches, its stock has fallen sharply from its June high, putting the company's earnings guidance and outlook in focus. The earnings announcement is scheduled for after the market close on 2 September.
As Broadcom's third-quarter earnings announcement approaches, market sentiment is becoming increasingly cautious. The stock is currently trading at around $370, with continued volatility in recent sessions.
The stock fell from an all-time high of around $494 in early June to approximately $355 in late August, bringing its cumulative decline to more than 28%.
The company's third-quarter revenue guidance is $29.36 billion, representing an expected year-on-year increase of approximately 85.55%, while adjusted EPS is projected at $3.237.
AI semiconductor revenue is forecast at $16 billion, with growth of more than 200% year on year. Guidance for metrics including free cash flow and EBITDA for the same period is also expected to be disclosed.