Broadcom (AVGO) Reports Revenue Miss, Shares Drop 13%
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowBroadcom (AVGO) shares fell 13% after reporting fiscal Q2 revenue of $22.19 billion, below the expected $22.27 billion. This marks Broadcom's first revenue miss since December 2024. Additionally, its infrastructure revenue of $7.18 billion also missed estimates of $7.32 billion. The S&P 500 futures dropped by 0.4%, reflecting broader market concerns influenced by geopolitical tensions, while Tesla (TSLA) and NVIDIA (NVDA) were also impacted in the chip sector.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Broadcom Inc. (AVGO)
Broadcom is a diversified semiconductor and infrastructure-software maker, supplying networking, broadband, and custom AI chips to data centers and device makers.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier AVGO news
- Broadcom (AVGO) Leads Chip Stocks Lower in Premarket Trading
- Broadcom (AVGO) Earnings Show Revenue Miss and AI Chip Outlook Unchanged
- Broadcom (AVGO) Price Target Raised Post Earnings Sell-off
- Broadcom (AVGO) Stock Falls Despite AI-Chip Growth Acceleration
- Broadcom (AVGO) Reports Q2 Earnings: Adjusted EPS $2.44, Revenue $22.19B
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