Broadcom Hits $462 Record on Forecasted 46.8% Revenue Growth

AVGO•

2026-06-01

Broadcom shares climbed 3.4% to a record $462.03, extending a 33.5% 2026 gain as analysts project $2.40 EPS on $22.02 billion revenue, marking 51.9% and 46.8% growth. Options markets imply a 17.6% post-earnings swing, and Broadcom’s Colossus AI compute partnership with Anthropic bolsters its AI infrastructure portfolio.

1. Stock Performance and Momentum

Shares climbed 3.4% to $462.03, breaking past previous highs and extending a 33.5% advance in 2026, reflecting strong sector momentum ahead of quarterly results.

2. Earnings Projections and Growth

Analysts expect fiscal Q2 EPS of $2.40 and revenue of $22.02 billion, representing 51.9% earnings growth and 46.8% sales growth year-over-year.

3. Options Market Signals

Option contracts price in a 17.6% one-day price swing following earnings, significantly above the stock’s 10.8% historical move over the last eight quarters.

4. AI Compute Partnerships

Broadcom’s compute deal with Anthropic for Colossus AI systems complements its existing agreements with AWS and Google Cloud, enhancing its footprint in enterprise AI infrastructure.