Broadcom Q2 FY2026 earnings: AI revenue $10.8B (+143%), stock slips on software miss, $73B backlog
Key Questions
What were the key highlights from Broadcom's Q2 FY2026 earnings?
Broadcom reported AI revenue of $10.8B, up 143% year-over-year, with a $73B backlog and Q3 AI guidance of $16B. The company reaffirmed its $100B AI revenue target.
Why did Broadcom's stock slip after earnings?
The decline was attributed to a software segment miss despite strong AI results. Analysts view the drop as a potential buying opportunity following the report.
How strong is Broadcom's AI backlog and guidance?
The $73B backlog and raised Q3 guidance underscore robust demand for its AI products. This supports continued growth momentum into future quarters.
Broadcom Q2 AI rev $10.8B (+143%), stock slipped on software miss, $73B backlog, Q3 AI guidance $16B, $100B AI revenue target. Post-earnings drop analysis suggests buying opportunity, whisper number correction.
Sources (2)
Updated Jun 17, 2026