Broadcom Inc
- Broadcom dropped 13% to $418.91 after the advanced chipmaker's outlook fell short of some investors.
Revenue in the fiscal second quarter ending on May 3 increased 48% to $22.2 billion from $15.0 billion, net income soared 88% to $9.3 billion from $5.0 billion, and diluted earnings per share rose 85% to $1.91 from $1.03 a year ago.
The company's Board of Directors declared a quarterly cash dividend of 65 cents payable on June 30 to shareholders on record on June 22.
The company guided fiscal third-quarter revenue of $29.4 billion and an adjusted operating margin of 68% of protected revenue.
Jun 5, 2026
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