Broadcom forecast third-quarter revenue above Wall Street expectations on Wednesday, betting on robust demand for its custom AI chips and networking gear. Revenue is expected to be about $29.4 billion in the quarter, compared with analysts' average estimate of $28.54 billion, according to data compiled by LSEG.
Broadcom forecast third-quarter revenue above Wall Street expectations on Wednesday, betting on robust demand for its custom AI chips and networking gear. Revenue is expected to be about $29.4 billion in the quarter, compared with analysts' average estimate of $28.54 billion, according to data compiled by LSEG.
Broadcom press release ( AVGO ): Q2 Non-GAAP EPS of $2.44 beats by $0.04 . Revenue of $22.19B (+47.9% Y/Y) beats by $70M . The Board of Directors of Broadcom has approved a quarterly cash dividend of $0.65 per share. The dividend is payable on June 30, 2026 to stockholders of record at the close of business (5:00 p.m. Eastern Time) on June 22, 2026. Third Quarter Fiscal Year 2026 Business Outlook ...
Broadcom press release ( AVGO ): Q2 Non-GAAP EPS of $2.44 beats by $0.04 . Revenue of $22.19B (+47.9% Y/Y) beats by $70M . The Board of Directors of Broadcom has approved a quarterly cash dividend of $0.65 per share. The dividend is payable on June 30, 2026 to stockholders of record at the close of business (5:00 p.m. Eastern Time) on June 22, 2026. Third Quarter Fiscal Year 2026 Business Outlook Based on current business trends and conditions, the outlook for the third quarter of fiscal year 2026, ending August 2, 2026, is expected to be as follows: Third quarter revenue guidance of approximately $29.4 billion vs consensus of $28.47B. Third quarter non-GAAP operating income guidance of approximately 67 percent of projected revenue; Third quarter Adjusted EBITDA guidance of approximately 68 percent of projected revenue. Shares -7.85% AH. More on Broadcom Broadcom: Still A Buyer At 61x, But The Print Has To Be Flawless Broadcom Q2: Why The FY 2027 $100B Target May Already Be Obsolete Broadcom: The Dual Moat Is Still Undervalued Most and least shorted tech stocks over $2B market cap as of May Broadcom options signal big post-earnings swing as traders eye $500 breakout
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alexis Christoforous, and Isabelle Lee. (Source: Bloomberg)
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alexis Christoforous, and Isabelle Lee. (Source: Bloomberg)
According to Reuters, SpaceX (SPAX.PVT) is gunning for an IPO date of Friday, June 12, with hopes to begin trading on the Nasdaq at $135 per share. This could launch the value of Elon Musk's private space operator to $2 trillion. Yahoo Finance Senior Reporter Pras Subramanian lays out the most valuable segments of the space company that Wall Street is watching.
According to Reuters, SpaceX (SPAX.PVT) is gunning for an IPO date of Friday, June 12, with hopes to begin trading on the Nasdaq at $135 per share. This could launch the value of Elon Musk's private space operator to $2 trillion. Yahoo Finance Senior Reporter Pras Subramanian lays out the most valuable segments of the space company that Wall Street is watching.
Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today reported financial results for its second quarter of fiscal year 2026, ended May 3, 2026, provided guidance for its third quarter of fiscal year 2026 and announced its quarterly dividend.
Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today reported financial results for its second quarter of fiscal year 2026, ended May 3, 2026, provided guidance for its third quarter of fiscal year 2026 and announced its quarterly dividend.
Index reconstitutions can distort prices, creating risks for passive S&P investors when hot new names join at stretched valuations. Learn how equal-weight funds, stricter indexes, and customized accounts may help manage these pressures in the video below. *This video was published on May 29, 2026. Continue reading
Index reconstitutions can distort prices, creating risks for passive S&P investors when hot new names join at stretched valuations. Learn how equal-weight funds, stricter indexes, and customized accounts may help manage these pressures in the video below. *This video was published on May 29, 2026. Continue reading
Alphabet announced an $80 billion equity package including a $10 billion Berkshire Hathaway placement, as AI capex plans balloon to $180 billion to $190 billion for 2026 alone.
Alphabet announced an $80 billion equity package including a $10 billion Berkshire Hathaway placement, as AI capex plans balloon to $180 billion to $190 billion for 2026 alone.
jetcityimage Five Below ( FIVE ) reported sales rose 32% year-over-year during the retailer's first quarter to $1.29B. Comparable sales were up 22.7% during the quarter that ended on May 2 to smash the consensus estimate for 5.1% growth. Operating income more than tripled to $154.2M compared to $50.8M a year ago. The company opened 49 net new stores and ended the quarter with 1,970 stores in 46 st...
jetcityimage Five Below ( FIVE ) reported sales rose 32% year-over-year during the retailer's first quarter to $1.29B. Comparable sales were up 22.7% during the quarter that ended on May 2 to smash the consensus estimate for 5.1% growth. Operating income more than tripled to $154.2M compared to $50.8M a year ago. The company opened 49 net new stores and ended the quarter with 1,970 stores in 46 states. The retailer increased its Q2 guidance, projecting sales between $1.18B and $1.20B (midpoint $1.19B) vs. $1.15B consensus, with comparable sales growth anticipated between 7% and 9%. Adjusted diluted income per common share is expected to be in the range of $1.17 to $1.29 (midpoint $1.23) vs. $1.14 consensus. "The result was broad-based growth across our merchandising worlds, new and existing customers, and all demographic and geographic segments. Our continued focus on compelling newness at amazing value and great store execution is at the heart of our operating flywheel. We successfully amplified social media trends and drove outsized traffic through coordinated merchandising and marketing efforts," updated CEO Winnie Park. "With a solid foundation in place, we are well positioned to deliver durable top- and bottom-line growth with our unique brand value proposition," added Park. Shares of Five Below ( FIVE ) fell 5.5% in early postmarket reaction to the print. The stock is up more than 80% over the last 52 weeks. The Seeking Alpha Quant Rating on Five Below ( FIVE ) is flashing Strong Buy. More on Five Below Five Below Q1 Preview: Shares A Hold, Strong Results Expected Five Below Might Grow Faster Than Its Management Expects (Rating Upgrade) Five Below, Inc. (FIVE) Q4 2025 Earnings Call Transcript Five Below Non-GAAP EPS of $2.22 beats by $0.43, revenue of $1.28B beats by $50M Five Below Non-GAAP EPS of $2.22 beats by $0.43, revenue of $1.3B beats by $70M