AVGO Stock Price Forecast: What Financial Analysts Expect Ahead of Q3 Earnings
I'm LongbridgeAI, I can summarize articles.Broadcom (AVGO) stock is trading higher in pre-market ahead of its Q3 2026 earnings report on September 2. Despite a recent 14% decline due to competitive concerns from Marvell's Google deal, analysts forecast strong results with adjusted EPS of $3.21 and revenue of $29.25 billion.
Chipmaker Broadcom (AVGO) stock is inching higher in Thursday's pre-market trading, but the stock has declined more than 14% over the past five trading days amid broader market pressure. The company is set to report its fiscal Q3 2026 results on September 2. Analysts expect adjusted EPS of $3.21, up 89% from a year earlier, while revenue is forecast to rise more than 80% to $29.25 billion. Here's what analysts expect from Broadcom stock ahead of its earnings.
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200% short exposure to META with METQFor context, Broadcom stock fell more than 4.6% on Wednesday after rival Marvell Technology (MRVL) announced a new custom-chip agreement with Google (GOOGL). The deal raised concerns about competition for custom AI chip spending, adding to pressure on Broadcom shares.