Quick Read – AVGO’s AI semiconductor revenue surged 143% to $10.8 billion last quarter, and Hock Tan says 2027 AI revenue will “very easily” exceed $100 billion. – AVGO commands a higher trailing P/E than NVDA and outpaces MRVL on AI growth, with VMware’s software engine funding…
$10 billion buyback. – Broadcom (NASDAQ:AVGO) sits atop one of the most consequential AI infrastructure stories of the decade. AI semiconductor revenue compounds at triple-digit rates, custom accelerator bookings stack faster than the company can ship, and management guides to growth reacceleration into the back half of fiscal 2026
Our 24/7 Wall St. price target for Broadcom is $416.68, implying 5.93% upside from the $393.35 quote. The recommendation is buy, with 90% confidence. What Just Happened With Broadcom AVGO is up 41% over the past year and 11.37% year to date, though the stock has cooled from a 52-week high of $494.18.
Q2 fiscal 2026 delivered revenue of $22.19 billion, up 47.9% year over year, and non-GAAP EPS of $2.44 extended the streak to eight consecutive quarters EPS beats. AI semiconductor revenue reached $10.80 billion, up 143%. In early July, reports of a $30 billion Apple chip deal through 2031 briefly pushed wallstreetbets sentiment to 75.