Broadcom's price sinks over 6% after releasing Q3 earnings

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Broadcom's price sinks over 6% after releasing Q3 earnings Yahoo Finance Video and Josh Lipton Wed, September 2, 2026 at 4:41 PM EDT AVGO Market Domination Overtime host Josh Lipton reports that Broadcom's ( AVGO ) price fell more than 6% after the company released its earnings report as CEO Hock Tan tried to reassure investors. Broadcom's earnings are just dropping. Let's get you those numbers. Q3 adjusted EPS clocks in at 332. Consensus was 323. Uh Q3 revenue 29.59 billion. Street was at 29.45 billion. Q3 AI semiconductor revenue, 16.7 billion. The street was closer to 15.93 billion. But spinning ahead, more importantly, what do they see for Q4? For Q4, they're looking for revenue of about 34.8 billion. The street was closer to 35.05 billion. Remember heading into this print, you know, the stock had been interesting. I mean it was still green year to date, but it had lost a lot of ground since that record close in early June. And there were some concerns, remember last month you heard Marvell talking about this expanded partnership with Google. Uh, I'm looking for comments from uh the CEO Hock Tan as well. Now he of course is sounding a bullish tone here. Uh Hock Tan saying demand for our custom AI accelerators and networking continues to be very strong. Hock Tan says Q3 AI semiconductor revenue, 16.7 billion. He says that grew 221% year-over-year, 54% quarter over quarter. He continues that to say in Q4, uh, the momentum continues and we expect AI semiconductor revenue to accelerate to 21.7 billion. That would be, he says, up 236% year-over-year. So bullish, optimistic, confident uh comments from Hock Tan, but at least initially here, this stock is down hard in the after hours. It's down quite nearly 7%.

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