UBS stays bullish on Broadcom’s AI story, so why is the stock struggling?
Broadcom is one among several US companies considered to benefit from AI infrastructure spending. True to that trend, the company posted robust financial results for its third quarter of fiscal year 2026, even as Broadcom Inc. (AVGO) stock price continued to remain under pressure. The company also provided healthy guidance for its fourth quarter of fiscal year 2026 and announced its quarterly dividend.
How Strong Were The Q3 Numbers, Really?
Revenue came in at $29.6 billion for the third quarter, up 86 percent from the prior year period. GAAP diluted EPS came in at $2.68, and non-GAAP diluted EPS at $3.32.
