Broadcom stock holds near $369 before September 2 earnings
Published on 08/31/2026 at 07:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Broadcom Inc. (US11135F1012) traded at $368.79 on August 28, 2026, leaving the AVGO share price about 25 percent below its $495.00 52-week high. The stock also sits close to a $1.75 trillion market value as investors wait for fiscal third-quarter results on September 2, 2026.
The market is focused on the same report that has become a key read on AI spending. A recent outlook puts consensus at $29.24 billion in revenue and $3.23 in EPS, while another earnings calendar shows $3.24 in EPS for the same quarter.
AI spending stays central
Broadcom's last reported quarter was the fiscal second quarter ended June 1, 2026, when revenue reached $22.19 billion and EPS came in at $2.44, both above estimates. Revenue rose 47.9 percent from the same quarter a year earlier, and EPS improved from $1.58.
That comparison matters because the upcoming print is expected to show a much larger base. One current estimate points to $29.24 billion in revenue for fiscal Q3 2026, which would imply 84 percent year-over-year growth versus the year-ago quarter.
What the numbers say
Broadcom's current setup is unusual even by mega-cap standards. With a market cap of $1.75 trillion and the shares at $368.79, the stock is trading well below the peak even as analysts still expect another step up in revenue and earnings on September 2, 2026.
For investors, the key question is whether the AI semiconductor business can keep scaling fast enough to support that valuation. The latest figures already show how much the business has changed in one year: $22.19 billion in quarterly revenue in June, 2026 versus the $29.24 billion now expected for the next report.
Broadcom's AI engines
Broadcom's representative products span custom AI accelerators, networking silicon, and infrastructure software that ties large data-center systems together. The company has used that mix to position itself as a supplier to hyperscale customers that need both compute and connectivity.
Stock level to watch
The shares closed at $368.79 on August 28, 2026, and that remains the most recent completed close in the source set. The 52-week range runs from $287.17 to $495.00, giving traders a clear frame for how far the stock has moved since earlier in the year.
Fact box
Company: Broadcom Inc.
ISIN: US11135F1012
Ticker: AVGO
Exchange: Nasdaq
Price (as of August 28, 2026, 4:00 p.m. ET): $368.79 USD
Market cap: $1.75 trillion (as of August 28, 2026)
Sector / Industry: Semiconductors / Technology hardware
Index membership: Nasdaq-100
More on Broadcom stock
Broadcom's earnings report on September 2, 2026 is the next hard catalyst for AVGO holders, with revenue and AI demand now carrying most of the valuation debate.
