Broadcom stock jumps ahead of September earnings as AI revenue forecast surges
Published on 08/28/2026 at 07:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Broadcom Inc. (ISIN US11135F1012) stock has moved sharply higher into the August 27, 2026 session, with the shares closing at $371.54, up 4.49% on the day as investors position ahead of the company’s next earnings report on September 2, 2026.
This latest advance comes as recent analysis highlights a steep acceleration in Broadcom’s AI semiconductor revenues and a significantly higher revenue outlook for the coming quarters, reinforcing the stock’s role as a major beneficiary of AI infrastructure spending.
For investors, the key question now is how much of the AI growth story is already reflected in the price and how much upside remains if management delivers on its guidance.
AI revenues reshape Broadcom’s growth profile
Recent commentary on Broadcom’s fundamentals points to a dramatic ramp-up in AI-related chip sales during fiscal 2026, marking a clear shift in the company’s revenue mix and growth drivers. One detailed overview of the company’s outlook notes that Broadcom’s AI semiconductor revenues reached $10.8 billion in the fiscal second quarter of 2026, representing 143% year-over-year growth for that period.
In the same discussion, Broadcom is described as anticipating AI semiconductor revenues of $16 billion in the fiscal third quarter of 2026, which would represent more than 200% year-over-year growth if achieved. The projected jump from $10.8 billion to $16 billion within a single fiscal year underscores how quickly AI workloads and networking demand are scaling across hyperscale data centers.
Alongside the AI-specific figures, the analysis indicates that Broadcom expects consolidated revenues to reach $29.4 billion in the fiscal third quarter of 2026, up 84% year over year, following record consolidated revenues of $22.2 billion in the fiscal second quarter, which themselves represented 48% year-over-year growth.
These numbers imply that AI-related products are becoming an increasingly central part of Broadcom’s overall revenue base, and that the company’s broader portfolio of networking, custom accelerators, and related solutions is benefiting from the same secular demand drivers.
From a profitability standpoint, the same overview highlights that Broadcom generated an adjusted EBITDA of $15.2 billion in the fiscal second quarter of 2026, translating to an adjusted EBITDA margin of 69%. Management’s guidance suggests that the company expects to maintain an EBITDA margin of 68% in the fiscal third quarter of 2026 as revenues continue to rise, signaling that the AI growth is not coming at the expense of margin quality.
The combination of strong double-digit revenue growth, triple-digit growth in AI-specific revenues, and EBITDA margins in the high-60s percentage range positions Broadcom as one of the more profitable large-cap names exposed to AI infrastructure demand.
Stock performance into the September 2, 2026 earnings date
The share price reaction ahead of the next results has been notable. A recent market-data snapshot shows Broadcom stock trading at $369.01 as of August 27, 2026, with a previous close at $355.59. That move represents a gain of roughly $13.42 over the prior close, or a daily rise of more than 3% in that quote context.
Another same-day overview of US trading notes Broadcom at $371.54 with a 4.49% increase in that session, reinforcing that the stock is seeing a meaningful pre-earnings repricing as investors digest the AI revenue trajectory and broader guidance.
The same market-data source indicates that Broadcom’s intraday range on August 27, 2026 extended from $360.75 to $369.59, with a 52-week range spanning from $287.17 on the low end to $495.00 on the high end. With the shares recently around $369, the stock is trading closer to the lower half of that 52-week corridor, even after the recent advance.
That positioning matters for valuation and sentiment: being below the 52-week peak while reporting double-digit revenue growth and high-60s EBITDA margins suggests that investors are still weighing macro risk, competitive dynamics, and the sustainability of AI infrastructure spending against Broadcom’s strong near-term fundamentals.
Additional commentary on Broadcom’s valuation suggests that at a trading level in the mid-$350 range, the shares were valued at more than 46 times the last twelve months of adjusted earnings at one recent reference point. While that multiple may have shifted with the latest move above $370, it underscores the premium investors are willing to pay for Broadcom’s combination of growth and profitability.
Institutional activity also offers a window into sentiment. One recent filing-based summary notes that a regional financial institution added more than 64,000 shares of Broadcom to its holdings, and that data compiled from multiple analyst sources shows an average rating characterised as a moderate buy, with a consensus target price close to $492. That consensus would imply notable upside from the $369–$371 trading band cited in recent quotes, assuming the company meets or exceeds its guidance.
Guidance expectations heading into the report
Because Broadcom is scheduled to report its next set of results on September 2, 2026, forward guidance and management commentary on AI demand, networking orders, and margin sustainability are likely to be key drivers of the stock’s direction in the short term.
The fiscal second-quarter performance, with consolidated revenues at $22.2 billion and year-over-year growth of 48%, provides a base from which investors can assess how much acceleration is embedded in the projected $29.4 billion fiscal third-quarter revenue figure. An 84% year-over-year revenue increase at the consolidated level would represent a substantial step up in growth relative to the prior quarter.
Pairing that revenue outlook with the AI-specific forecast of $16 billion in semiconductor revenues and an EBITDA margin expectation of 68% gives investors a framework to test whether the company’s AI exposure is sufficient to offset any cyclical weakness in more traditional segments.
Another important consideration is the sustainability of Broadcom’s AI revenue growth beyond fiscal 2026. The jump from $10.8 billion in AI-related semiconductor revenue in the fiscal second quarter to a projected $16 billion in the fiscal third quarter indicates that the company is benefiting from a wave of large-scale AI system build-outs. However, investors will be looking for detail on customer concentration, contract duration, and visibility into future orders to assess how much of this demand is driven by initial build-outs versus ongoing refresh and expansion cycles.
On the margin side, maintaining EBITDA margins near 68–69% while scaling revenue at the rates indicated suggests that Broadcom has pricing power and a cost structure that supports high profitability. Investors will likely closely track any commentary on input costs, supply-chain dynamics, and competitive pricing as part of the upcoming call.
Representative product: custom AI accelerators and networking solutions
Broadcom’s AI semiconductor revenue figures largely reflect demand for high-performance custom accelerators, networking chips, and related solutions that enable large-scale training and inference workloads in data centers. These products are typically tailored to specific hyperscale customers, integrating Broadcom’s expertise in application-specific integrated circuits, high-speed connectivity, and system-level design.
In practice, this means Broadcom works with major cloud and internet platforms to deliver chips that handle key tasks such as high-throughput data routing, secure connectivity, and efficient communication between AI accelerators and other system components. As AI models grow larger and more complex, the need for fast, reliable networking and custom logic grows with them, creating a favourable environment for Broadcom’s product portfolio.
Beyond the AI-specific offerings, Broadcom also maintains a broad range of products for traditional networking, broadband, storage, and wireless connectivity. However, the recent revenue figures and guidance suggest that AI-related products are increasingly important in driving overall growth and shaping investor expectations.
Broadcom stock and current market levels
Based on recent market data, Broadcom stock trades on the Nasdaq under the ticker AVGO, with the latest cited close at $371.54 on August 27, 2026, in US dollars. Intraday trading on that date saw the shares fluctuate between $360.75 and $369.59 in one reported snapshot, and the broader 52-week trading range extends from $287.17 to $495.00.
For investors, these levels frame the current risk-reward balance: the stock has rallied ahead of the September 2, 2026 earnings report, yet remains below its 52-week high, while guidance points to strong AI-driven revenue growth and high profitability in the near term.
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Fact box
Company: Broadcom Inc.
ISIN: US11135F1012
Ticker: AVGO
Exchange: Nasdaq
Price (as of August 27, 2026, 4:00 p.m. ET): $371.54 USD
Sector / Industry: Semiconductors / Technology hardware
Index membership: S&P 500
