🔴 Broadcom is trading 4% down in after-hours trading as elevated expectations outweighed earnings strength

Broadcom is trading at $352.60 (-3.99%) following its September 2, 2026 fiscal-third-quarter earnings release, as the negative reaction suggests elevated expectations outweighed reported earnings strength.

• Revenue reached $29.6 billion, driven by exceptional AI demand.
• AI semiconductor revenue rose 221% year over year to $16.7 billion.
• Prior guidance centered on approximately $29.4 billion in revenue and $16 billion in AI revenue.