Broadcom Stock Hits Record High Ahead of Earnings

Broadcom Inc (NASDAQ:AVGO) will report fiscal second-quarter earnings after the close on Wednesday, June 3. According to Zacks Research, analysts expect earnings of $2.40 per share on revenue of $22.02 billion, representing year-over-year growth of 51.9% and 46.8%, respectively.

The highly anticipated report arrives as Broadcom stock continues to benefit from enthusiasm surrounding artificial intelligence. Shares are trading at record highs today, last seen up 3.4% to trade at $462.03, after Nvidia's latest AI chip announcement boosted sentiment across the semiconductor sector. The equity broke above pressure at the $440 region on Friday, and has added 33.5% in 2026 and nearly 91% over the last 12 months.

Options traders are bracing for a sizable post-earnings reaction. The options pits are pricing in a next-day swing of 17.6%, substantially larger than the stock's historical earnings move of 10.8% over the last eight quarters. AVGO has closed four of its last eight post-earnings sessions higher, including a 4.8% gain following its March report.

Meanwhile, AVGO's Schaeffer's put/call open interest ratio (SOIR) of 1.10 ranks higher than 92% of readings from the past year, showing short-term options traders remain unusually put-heavy despite the stock's run to record highs.

Analyst sentiment remains overwhelmingly bullish. Of the 42 brokerages in coverage, 34 carry a "strong buy" rating, compared to three "buy" ratings and five "hold" ratings, with no "sell" or "strong sell" recommendations on the books.