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Broadcom Inc. (AVGO) earnings date & stock reaction

Broadcom Inc. · IT

Broadcom Inc. earnings date & time

Next earningsWed, December 9 around 4:00 PM ET, after the closescheduled

Schedule

Korea time (KST)
Thu, December 10
Reporting pattern
12 of last 12 after close
Typical move
±9.3% · 12-report avg

What the market expects

Consensus EPS

$3.83Coming in above this counts as a beat

Year-ago quarter
$1.95→+96.4%
Guided revenue
$29.6B→$34.8B+17.6%
Full earnings calendarFrom an earnings calendar
Latest reportJun–Aug 2026 results· September 2, 2026 reported
EPS consensus $3.16 → $3.32 ▲ +5.1% beatRev $29.6B
Post-earnings price move
Next-day move
-2.7%
After 5 days
-1.8%
Price around earnings
Around this report
Sector peer Credo Technology (9/1): beat, yet stock -20.0%A same-industry peer, Credo Technology, reported within the 10 days before this one (1d earlier). How the market took it (next-day move -20.0%) is the best read on the sector mood. A beat that still fell means the bar was high, so this stock may face similar pressure.
Earnings callRapid revenue growth driven by surging AI semiconductor demand and record-breaking performance
“Q3 AI semiconductor revenue of $16.7 billion grew 221% year-over-year, and 54% quarter-over-quarter.”
· Hock Tan, CEO
“Q4 consolidated revenue growth is forecasted to increase 93% year-over-year to $34.8 billion, and we expect to maintain our non-GAAP operating margin at 66%.”
· Amie Thuener, CFO
Positives
  • ▲Explosive growth in AI semiconductors
    • AI semiconductor revenue hit $16.7 billion this quarter, up 221% vs last year.
    • XPU shipments increased over 3.5x vs last year, representing 73% of AI revenue.
  • ▲Record profitability and operating leverage
    • Operating income reached $20.1 billion, up 92% vs last year.
    • Operating margin improved by 240bp vs last year to 67.9% due to strong operating leverage.
  • ▲Strong outlook for the next quarter
    • Q4 revenue guidance is $34.8 billion, representing 93% growth vs last year.
    • Full-year 2026 AI revenue outlook was raised to $58 billion from the previous $56 billion.
Concerns
  • ▼Gross margin compression due to product mix
    • Q4 gross margin guidance is 73%, down from 78% in the same period last year.
    • The increasing mix of XPUs with higher memory content is diluting consolidated gross margins.
Based on the Sep 2, 2026 earnings-call transcript. Quotes are verbatim.

Broadcom Inc. (AVGO) rose the day after earnings in 6 of its last 12 reports (50%), moving ±9.3% on average. It has fallen despite beating the consensus estimate 6 times.

Up next day
6/12
50%
Fell despite growth
5/12
Good earnings ignored
Price when beating
+1.1%
avg over 12 beats
Price when missing
—
never missed
Avg earnings move
±9.3%
typical swing on earnings
Biggest single move
+24.4%
'24.12 · largest reaction
🔑What actually moves this stock?

Even when EPS beat expectations, the stock fell 6 of the last 12 times. The number alone doesn't move it.

What really matters here
Whether AI revenue outlook beats an already-high bar; order backlog
In finance terms: AI revenue · backlog · guidance
Growth · revenue (YoY by quarter, latest right)
+25%
25-03(Feb qtr)
+20%
25-06(May qtr)
+22%
25-09(Aug qtr)
+28%
25-12(Nov qtr)
+29%
26-03(Feb qtr)
+48%
26-06(May qtr)
Accelerating · Growth is accelerating (+25%→+48%), but this stock often falls even on strong results (6 recent times). Expectations are already high, so accelerating isn't enough. It must beat a lofty bar.
What to watch next report

When results drop, skip the EPS number. Check if the growth above holds or accelerates, and whether guidance beats expectations.

The real bar for this stock

Beating estimates isn't enough. Here's where the real surprise started.

Beat consensus 12 of 12 times. Beating is the default here
Median beat +2%. 6 of those beats still fell the next day.
Bigger beats didn't mean bigger gains
Surprise size and price moved separately here. Expectations, not beats, drive this stock.

How this stock reacts to earnings

Traits seen across its recent earnings reactions

Tends to run up in the week before earnings
Rose beforehand 8 of last 12 · avg +3.0% · expectations build early
Beating estimates doesn't always lift it
Up the next day 6 of 12 beats (50%)
Tends to keep drifting the same way for days
Day-one direction continued · 58% of last 12
vs IT sector avg (192 peers)
This
+1.1%
Sector
+1.0%
Avg next-day reaction

Earnings number vs guidance: which drives it?

How often the beat/miss matched the actual price move

The number and guidance move the price about equally
Moved opposite to results 6 of last 12 times (50%)
6xBeat but fell
Even a beat sells off if guidance disappoints
0xMissed but rose
Even a miss rebounds if guidance reassures
Fell despite growth5/12

6/12 beats fell next day · watches AI revenue · backlog · guidance

Next-day reaction
  • Aug 2026 report-2.7%
  • May 2026 report-12.6%
  • Feb 2026 report+4.8%
  • Nov 2025 report-11.4%
  • Aug 2025 report+9.4%
  • May 2025 report-5.0%

Earnings timeline · bars = next-day move, ▲▼ = beat/miss

Jun–Aug 2026 results
Reported 2026-09-02
Next-day move
-2.7%
After 5 days -1.8%
EPS consensus $3.16 → $3.32 ▲ +5.1% beatRev $29.6B
Beat by +5.1% but stock -2.7%
Next-Q guidance+18%· ~$34.8B est.
Price around earnings
Around this report
Sector peer Credo Technology (9/1): beat, yet stock -20.0%A same-industry peer, Credo Technology, reported within the 10 days before this one (1d earlier). How the market took it (next-day move -20.0%) is the best read on the sector mood. A beat that still fell means the bar was high, so this stock may face similar pressure.

Earnings trend · last 12 quarters

EPS$3.32
'23.12'26.9
Revenue$29.6B
'23.12'26.9

Earnings history and price reaction

Broadcom Inc. across its last 12 earnings reports: EPS versus consensus, the move on the earnings day, and the cumulative move five trading days later.
Quarter endedReported (ET)vs market expectation (consensus)Earnings dayAfter 5 days
8/20262026-09-02+5.1%-2.7%-1.8%
5/20262026-06-03+1.7%-12.6%-22.4%
2/20262026-03-04+1.3%+4.8%+7.6%
11/20252025-12-11+4.4%-11.4%-18.8%
8/20252025-09-04+1.6%+9.4%+17.5%
5/20252025-06-05+0.6%-5.0%-1.5%

12 reports, quarters ending 10/2023 to 8/2026. The earnings-day move is the first trading day that reflects the report; the five-day figure is the cumulative move from that point.

Frequently asked questions

When is the next Broadcom Inc. earnings date?

The next Broadcom Inc. (AVGO) earnings report is expected Wed, December 9 around 4:00 PM ET, after the close. It comes from an earnings calendar and may not be a company-confirmed date; it updates automatically if it changes.

What is the consensus EPS forecast for Broadcom Inc.'s next earnings?

Analysts expect EPS of about $3.83 for Broadcom Inc. (AVGO). Coming in above that counts as a beat, below it a miss — though a beat does not guarantee the stock rises.

Does Broadcom Inc. (AVGO) stock usually go up after earnings?

Over the last 12 earnings reports, the stock rose on 6 of them (50%). The average move on earnings day was ±9.3%.

Does Broadcom Inc. react more to the earnings numbers or to guidance?

In 6 of the last 12 reports (50%), the stock moved the opposite way from whether it beat or missed the forecast. A high share means guidance and expectations drive the move more than the reported numbers.

Can Broadcom Inc. stock fall even when earnings are good?

Yes. In 5 of the last 12 reports, Broadcom Inc. fell on the earnings day despite growing EPS. Expectations already priced in, or guidance, can matter more than the reported numbers.

Does Broadcom Inc. stock keep moving after the earnings day?

Over the last 12 reports, the move continued in the same direction for the following five trading days 58% of the time. This tendency is known as post-earnings announcement drift.