Broadcom (AVGO)
NASDAQInformation TechnologySemiconductorsSnapshot 2026-07-07
$370.78-0.83%
Close 2026-07-07 · 1-day change
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Track AVGO free→Warn: Primary pillar under pressure — AI semiconductor revenue reaches at least $10.8B in Q2 2026: 48% vs 80%.
Broadcom grows AI semiconductor revenue rapidly, hitting $10.8 billion in Q2 2026. It has strong partnerships with Apple and Google for custom chips. Dividends are steady at $0.65 per share quarterly. The company shows consistent earnings beats and strong revenue growth.
Competition in AI chips is rising, pressuring growth. Insider selling and valuation concerns could weigh on the stock. The recent 23% drawdown signals market doubts about sustainability of growth.
The price is about 3% above our fair value near $364, reflecting roughly 87% revenue growth expected by analysts. Our fair value is 28% below the Street median, indicating more conservative expectations than the broader market.
Breaks if: AI semiconductor revenue falls below $10.8B in Q2 2026
Focus on accelerating growth in AI semiconductor revenue, driven by demand for custom AI accelerators and networking.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated in 6 of last 6 quarters. Q2 semiconductor revenue from AI reached $10.8 billion, growing 143% year-over-year. The trajectory shows delivering on the stated priority with consistent growth in AI semiconductor revenue.
“CEO: 'Q2 semiconductor revenue from AI of $10.8 billion grew 143% year-over-year.'”
“CEO: 'Q1 AI revenue of $8.4 billion grew 106% year-over-year.'”
“CEO: 'AI semiconductor revenue increasing 74% year-over-year.'”
“CEO: 'AI revenue to be $12 billion for fiscal year 2024.'”
“CEO: 'Q2 AI revenue grew 46% year-over-year to over $4.4 billion.'”
“CEO: 'Q1 AI revenue grew 77% year-over-year to $4.1 billion.'”
Breaks if: loss or failure to advance TPU development for Google
Continue development and supply of custom Tensor Processing Units for Google's future generations of TPUs.
Breaks if: dividend falls below $0.65 per share quarterly
Continue the policy of maintaining quarterly cash dividends to shareholders.
Stated in 4 of last 4 quarters. The dividend increased from $0.59 in 2025-Q2 to $0.65 in 2026-Q1. Management has consistently maintained dividend payments, delivering on this capital allocation priority.
“Board approved a quarterly cash dividend of $0.65 per share.”
“Quarterly common stock dividend increased by 10 percent to $0.65 per share.”
“Quarterly common stock dividend of $0.65 per share.”
“Quarterly common stock dividend of $0.59 per share.”