Broadcom Inc Broadcom (AVGO) could show growing market share and backlog when the company reports second-quarter financial results on Wednesday after market close.

Here are the earnings estimates, what experts are saying ahead of the report and the key items to watch.

Broadcom Q2 Earnings Estimates

Analysts expect Broadcom to report second-quarter revenue of $22.1 billion, up from $15 billion in last year's second quarter, according to data from MarketDash Pro.

The company has beaten analyst estimates for revenue in five straight quarters and in eight of the past 10 quarters overall.

Analysts expect Broadcom to report second-quarter earnings per share of $2.32, up from $1.58 in last year's second quarter.

The company has beaten analyst estimates for earnings per share in more than 20 straight quarters.

What Experts Are Saying About Broadcom Stock

JPMorgan analyst Harlan Sur reiterated an Overweight rating on Broadcom with a price target of $500 ahead of earnings.

The analyst said the company maintains its lead in AI networking silicon and is likely one to two steps ahead of competitors.

"We believe Broadcom's Ethernet networking silicon powers the largest AI clusters for Google, Amazon, Meta, Alibaba, Oracle, ByteDance, and Tencent — and now Anthropic TPU clusters and OpenAI ASIC clusters," Sur said.

The analyst said Broadcom's AI networking silicon revenue could more than double in fiscal 2027.

Freedom Capital Markets Chief Market Strategist Jay Woods said Broadcom is becoming one of the largest stocks in the world and likewise, a large weighting in some of the key market indexes.

"It's a member of the trillion-dollar club and while it isn't an official ‘magnificent' stock, it may as well be," Woods said in a weekly newsletter.

Woods said Broadcom stock has traded higher after five of its past eight reports with an average move of +/- 5.3% over that time.

With shares near all-time highs, Woods said there's a lot to like on the stock's technicals, with shares breaking two key levels — $415 and $440 — on the one-year chart.

Woods said the question is if the current rally is a breakout or a fakeout.

"The stock, like Nvidia, remains one of the best buy-and-hold stories out there."

Woods said the stock could have "a clear path" to $500. The question is whether there will be a chance to buy the dip for investors or if the stock has to be chased on that path.

Here are other recent analyst ratings for Broadcom stock and their price targets:

• Morgan Stanley: Maintained Overweight rating, increased price target from $470 to $485
• Susquehanna: Maintained Positive rating, increased price target from $450 to $490
• UBS: Maintained Buy rating, increased price target from $475 to $490

Key Items to Watch

Broadcom stock has been on a tear recently, with a new all-time high hit on Tuesday. The company has been consistently beating analyst estimates and rewarding shareholders along the way.

The first-quarter financial results saw strong sales guidance announced for the second quarter and commentary on AI demand surging.

Analysts and investors have high hopes for the latest quarterly results and Broadcom will likely have to blow numbers out of the water to get shares to rally further.

AI revenue was up 106% year-over-year in the first quarter, which could be one of the key figures to watch on Wednesday.

Broadcom is one of the top holdings in several of the largest market indexes and ETFs.

In the SPDR S&P 500 ETF Trust SPDR S&P 500 ETF (SPY), which tracks the S&P 500, Broadcom is the sixth-largest holding at 3.34% of assets.

In the Invesco QQQ Trust Invesco QQQ Trust (QQQ), which tracks the Nasdaq 100, Broadcom is the eighth-largest holding at 3.45% of assets.

Broadcom's earnings report is one of the largest of the week and could create volatility among the indexes, ETFs and several technology sectors.

AVGO Stock Price Action

Broadcom stock is up 3.46% to $475.86 on Tuesday, hitting a new all-time high of $488.82 earlier in the trading session. Broadcom stock is up 38.9% year-to-date in 2026.