Broadcom Q2 Revenue Misses by $80 M; Shares Plunge 12.6%
AVGO•Broadcom’s Q2 revenue missed forecasts at $22.19 billion versus $22.27 billion, triggering a 12.6% share plunge despite maintaining a $100 billion revenue target for next year. The report also drove VIX below 16 and VIX1D under 11, narrowing single-stock volatility and market dispersion.
1. Q2 Results and Guidance
Broadcom reported Q2 revenue of $22.19 billion versus $22.27 billion expected, a $80 million shortfall that drove shares down 12.6%. The company maintained its full-year revenue guidance of $100 billion, underscoring confidence despite the headline miss.
2. Volatility Reduction and Market Impact
The earnings release coincided with VIX falling below 16 and VIX1D dropping under 11, reflecting a compression in single-stock volatility and reduced market dispersion. This shift suggests lower volatility may temper short-term trading swings in Broadcom shares.
