Broadcom set to fall after 4Q outlook misses Street EPS view
Market talk says Broadcom may trade lower after its fourth-quarter outlook implies earnings per share below Street consensus, following Nvidia’s “reset” of the sector expectations.
Story updates
04:12:36 PM UTC
SquawkNews
What Happened? Shares of fabless chip and software maker Broadcom NASDAQ:AVGO fell 5.8% in the morning session after the company reported second-quarter 2026 financial results that failed to impress as its sales outlook for the next quarter fell below Wall Street’s expectations.According to a compa…
Broadcom is likely trading down after its fourth-quarter outlook implied earnings per share that missed Street consensus, especially given Nvidia's recent blowout quarter, StoneX analyst Cody Acree writes in a note.
Nvidia's results and guidance "reset the sector bar much higher last week," Acree s…