Broadcom's Q2 Earnings Miss Earnings Estimates Despite 48% Revenue Growth

Broadcom reported 48% year-over-year revenue growth and 85% year-over-year diluted earnings per share growth in Q2 2026, but revenue fell slightly below consensus estimates and AI chip revenue guidance missed forecasts. The company's custom AI chips, used by Google, delivered strong performance despite underperformance against expectations. Investors reacted with a market rotation into banking and healthcare.