Broadcom reports third-quarter fiscal 2026 results on Wednesday, September 2, 2026, after the close of the US market, with a conference call at 5:00 p.m. Eastern. The company has guided to revenue of approximately $29.4 billion for the quarter. Provider consensus sits near $3.30 per share. Reported figures and mechanics only, not a recommendation.
Data as of August 19, 2026. Figures are historical or previously published and are not a forecast.
When does Broadcom report third-quarter results?
Wednesday, September 2, 2026, after the close, with the call at 5:00 p.m. Eastern.
The date is confirmed by the company itself. In a release dated August 3, 2026, Broadcom announced it would report third-quarter fiscal 2026 financial results and business outlook on Wednesday, September 2, 2026 “after the close of the market,” with management hosting a conference call at 2:00 p.m. Pacific Time the same day.[^1] Broadcom’s investor-relations events page lists the same call at 5:00 p.m. Eastern.[^2]
| Item | Detail | Source |
| Report date | Wednesday, September 2, 2026 | Broadcom announcement |
| Timing | After the close of the US market | Broadcom announcement |
| Conference call | 2:00 p.m. Pacific / 5:00 p.m. Eastern, same day | Broadcom announcement and IR events page |
| Fiscal period | Third quarter, fiscal year 2026 | Broadcom announcement |
| Company revenue guidance | Approximately $29.4 billion | Broadcom Q2 FY2026 results release |
| Provider consensus, revenue | Approximately $29.95 billion | Finnhub |
| Provider consensus, earnings per share | Approximately $3.30 | Finnhub |
| Following quarter | December 9, 2026, after the close | Finnhub |
Why the fiscal quarter is not the calendar quarter
Broadcom’s fiscal year does not align with the calendar. Its third fiscal quarter of 2026 ends in the summer, which is why a September report covers a period most calendar-year companies would already have reported on. Readers comparing Broadcom to a calendar-year peer are comparing different windows of time, and that mismatch is a common source of confusion rather than a signal about either business.
What is a consensus estimate, and why do providers publish different numbers?
A consensus estimate is an average of the individual forecasts that sell-side analysts have submitted to a data provider. It is not a company statement, not a regulatory filing, and not a single agreed number.
Different providers collect from different analyst panels, apply different rules about how stale a submission can be before it is dropped, and treat adjusted versus reported earnings differently. Two providers publishing a consensus for the same company in the same week can therefore print different figures, and neither is wrong.
This article cites Finnhub as its named provider throughout: approximately $3.30 per share on revenue of approximately $29.95 billion for the quarter.[^3] Another provider may publish something different. Where that matters, this article says so rather than presenting one number as “the” consensus.
Company guidance and provider consensus are two different numbers
This is the distinction most worth understanding before the print, and it is visible in the published figures right now.
When Broadcom reported second-quarter fiscal 2026 results, it gave guidance for the third quarter of revenue of approximately $29.4 billion, describing that as an increase of 84 percent from the prior-year period.[^4] Finnhub’s provider consensus for the same quarter is approximately $29.95 billion.[^3]
Those two figures do not agree. The consensus sits roughly half a billion dollars above the company’s own guidance.
| Quantity | Figure | Who publishes it | What it represents |
| Company revenue guidance, Q3 FY2026 | Approximately $29.4 billion | Broadcom | The company’s own outlook, given at the prior quarter’s release |
| Provider consensus, revenue | Approximately $29.95 billion | Finnhub | An average of analyst submissions to that provider |
| Non-GAAP operating income guidance | Approximately 67 percent of projected revenue | Broadcom | Company outlook, stated as a margin |
| Adjusted EBITDA guidance | Approximately 68 percent of projected revenue | Broadcom | Company outlook, stated as a margin |
What the gap does and does not mean
It does not mean either number is wrong, and it does not indicate a direction. A company’s guidance and an analyst consensus are produced by different people for different purposes on different information. Guidance is what management chose to publish at a point in time. Consensus is an average of outside estimates that continues to move afterwards.
The reason to understand the distinction is narrower and more practical: coverage of the print will describe the result as a beat or a miss, and which benchmark is being used changes the answer. A revenue figure between $29.4 billion and $29.95 billion would clear the company’s guidance while falling short of that provider’s consensus. Both descriptions would be accurate, and they would sound like opposite events.
What are Broadcom’s two reported segments?
Broadcom reports revenue in two segments, and they behave very differently. The most recent published split, from the second-quarter fiscal 2026 results release:[^4]
| Segment | Q2 FY2026 | Share of revenue | Prior-year period | Share then | Change |
| Semiconductor solutions | $15,009 million | 68% | $8,408 million | 56% | +79% |
| Infrastructure software | $7,178 million | 32% | $6,596 million | 44% | +9% |
| Total net revenue | $22,187 million | 100% | $15,004 million | 100% | +48% |
The two segments grew at very different rates in that quarter: semiconductor solutions by 79 percent and infrastructure software by 9 percent. The mix shifted as a result, with semiconductors moving from 56 percent of revenue to 68 percent.
That shift is worth stating plainly, because it changes what the company is. A year earlier the two segments were much closer in size, at 56 percent and 44 percent. In the most recent reported quarter, they were 68 percent and 32 percent. The same company, reporting under the same two segment headings, now derives roughly two-thirds of its revenue from the faster-growing of the two.
What that does to a year-over-year comparison
When one segment grows at 79 percent and the other at 9 percent, a total-revenue growth rate of 48 percent describes neither of them. It is an average of two quite different underlying rates, weighted by size. A reader who takes the headline growth figure as a description of the business is averaging across a distinction the company itself reports separately, which is part of why the segment table exists.
Why the mix matters when reading a headline number
A single total-revenue figure can be produced by many different combinations of the two segments. Two quarters with identical headline revenue can carry different margin profiles, because the segments do not carry the same economics. This is why the segment table in a results release often draws more attention than the headline, and why a reader who stops at the total is working with less information than the release contains.
What is the AI revenue figure the company reports?
Broadcom discloses a figure for semiconductor revenue attributable to artificial-intelligence applications, separately from total semiconductor revenue.
At the second-quarter results, the company stated that in the third quarter it expects “semiconductor revenue from AI to grow over 200 percent year-over-year to $16.0 billion.”[^4]
Three things to hold in mind about that figure:
It is company-defined. What counts as AI revenue is determined by Broadcom’s own classification, disclosed in its releases. It is not a standardizsed accounting measure with an external definition, and it is not directly comparable to a similar-sounding figure from another company.
It is an expectation, not a result. The $16.0 billion is what management said it expected at the time of the prior release. The reported figure is what appears in the September 2 release.
It is a component, not the total. AI semiconductor revenue sits inside the semiconductor solutions segment, which sits inside total revenue. Growth in the component does not translate one-for-one into growth in the total.
Reading a company-defined measure
Disclosures of this kind are common, and they are useful, but they occupy a different category from a line item governed by an accounting standard. Total net revenue is prepared under a defined framework and audited. A company-defined breakout is prepared under the company’s own classification, disclosed by the company, and can be redefined by the company.
That does not make it unreliable. It makes it specific to the issuer. The practical consequence is that a figure carrying the same label at two different companies may be measuring two different things, and adding or comparing them is not a like-for-like operation.
How has Broadcom performed against consensus recently?
Mixed, and the recent record cuts against the assumption that a large company reliably clears its consensus.
| Fiscal quarter | Period ending | Reported | Estimate | Difference | Percent |
| Q2 FY2026 | June 30, 2026 | $2.44 | $2.4458 | -$0.0058 | -0.24% |
| Q1 FY2026 | March 31, 2026 | $2.05 | $2.068 | -$0.018 | -0.87% |
| Q4 FY2025 | December 31, 2025 | $1.95 | $1.8996 | +$0.0504 | +2.65% |
| Q3 FY2025 | September 30, 2025 | $1.69 | $1.6816 | +$0.0084 | +0.50% |
Two of the four came in below the provider’s estimate and two above. Every difference is small: the largest in either direction is under three percent, and two are under one percent.
That pattern is worth noting for a specific reason. When reported results land this close to consensus, the difference between a “beat” and a “miss” can come down to rounding and to which provider’s estimate is used as the benchmark. A record like this one does not support a claim that the company reliably beats, and it does not support the opposite claim either.
What is actually published on the day, and in what order?
Three things, in a sequence that is the same every quarter.
First, a filing. Broadcom furnishes its results to the US Securities and Exchange Commission on Form 8-K, with the results release attached as Eexhibit 99.1. That exhibit is the document containing the revenue figures, the segment tables, and the guidance, and it is publicly available on SEC EDGAR at the moment it is filed. The second-quarter release cited throughout this article is exactly such an exhibit.[^4]
Second, the release itself, is published simultaneously on the company’s investor-relations site. It carries the same content as the exhibit.
Third, the conference call, at 5:00 p.m. Eastern.[^1] The call is where management discusses the quarter and, in the ordinary course, addresses the outlook for the following quarter.
Why the order is worth knowing
The numbers are public before the call begins. A reader who waits for coverage is reading someone else’s summary of a document that was already available to them. The filing and the release are the primary record; everything published in the following hours is commentary on it.
What the release contains that a headline does not
A results release of this kind runs to many pages. The components most often referenced are the total revenue figure and the earnings-per-share figure, but the release also contains the segment breakdown, the margin figures, the cash-flow statement, the balance sheet, and the guidance for the next period. Several of those are the numbers that determine how the release is ultimately characterizsed, and none of them fit in a headline.
What is an expected move, and what is IV crush?
Ahead of a scheduled report, the options market prices a range rather than a direction.
The prices of options expiring shortly after the report imply a magnitude of movement the market is positioned for. That implied figure is a range, not a forecast of direction: it says nothing about which way an instrument moves, only about how far market participants are collectively positioned for it to move.
After the report, the uncertainty the options were pricing resolves. Implied volatility in those contracts typically falls, a decline commonly described as IV crush. It is a mechanical consequence of a scheduled unknown becoming known, and it happens whether the reported numbers were higher or lower than expected.
Our article on how earnings move stocks covers expected moves, IV crush, and overnight gaps in full. The important point here is simply that the options market prices a magnitude, and that magnitude is not a view about direction.
Why an after-the-close report gaps
Broadcom reports after the close, which means the information arrives while the regular session is shut. Orders cannot meet at a continuous sequence of prices in the interval, because there is no continuous session running. When regular trading resumes the following morning, the opening price reflects information that arrived overnight, and it need not sit adjacent to the previous close.
This is the same mechanismc described in our article on pre-market movers. It is a property of a market that closes, not a property of any particular company or any particular result. A report released during the session would transmit differently, through a fast-moving book rather than through an overnight gap.
What this means for order handling
Two practical consequences follow, and both concern execution rather than direction. A market order entered into the first minutes after an open following a scheduled release executes against whatever liquidity is present at that moment, not at the closing price of the prior session. A stop order, which becomes a market order once triggered, carries the same exposure and does not guarantee a fill at the stop price.
Why does a beat not guarantee a higher share price?
Because the reported quarter is only one of several things a release contains, and because the market’s positioning going in already reflects an expectation.
Guidance can matter more than the quarter. A release contains both the period just ended and the outlook for the next one. A result above consensus alongside an outlook below it is a common combination.
The mix can differ from the total. As Table 3 shows, the same headline can be assembled from different segment contributions with different margin implications.
What was already priced in. If market participants were positioned for a result comfortably above consensus, a result modestly above it is not the same event. The reference point is the expectation, not the estimate on the screen.
A company-defined figure can be read several ways. The AI revenue disclosure is one number inside a large release, and it does not carry a standard external definition.
None of this predicts anything about how this print will be received. It explains why the relationship between a reported number and a share price is not mechanical, which is a different claim.
Where does this print sit in the September semiconductor calendar?
Broadcom’s report opens the month. It is the first large semiconductor result of the September window, and another follows later in the month.
| Date | Company | Session | Provider consensus, EPS |
| September 2, 2026 | Broadcom | After the close | Approximately $3.30 |
| September 21, 2026 | Micron Technology | After the close | Approximately $32.25 |
| September 23, 2026 | Jabil | Before the open | Approximately $4.10 |
Reports from companies in a related supply chain are sometimes described as carrying a read-through to one another. That description is worth handling carefully. Companies in the same broad industry serve different customers, sell different products at different points in a supply chain, and report on different fiscal calendars. One company’s result is information about that company. Whether it tells a reader anything about another is a judgement, not a fact, and it is not a judgement this article makes.
How does the market commonly read a semiconductor results release?
By reading the release rather than the headline, and by separating what is disclosed from what is inferred.
The published components a reader can check directly are the total revenue figure, the segment split, the guidance for the following quarter, the margin guidance, and any company-defined disclosures such as the AI revenue figure. Each of those is a number the company published and stood behind.
Everything else in the coverage that follows is interpretation. Which benchmark a commentator uses to call a beat or a miss, how much weight they place on guidance against the reported quarter, and what they infer about other companies are all choices, and different commentators make them differently.
For a reader trying to follow the event as it happens, the practical sequence is: the release crosses after the close, the conference call begins at 5:00 p.m. Eastern, and the guidance for the following quarter is given during that window.
Risks and limitations
Scheduled dates change. Broadcom’s date is confirmed from the company’s own announcement as of August 19, 2026, and should be re-checked against its investor-relations page before being relied upon.
Estimates move. Consensus figures are revised continuously as analysts update submissions, and the pace of revision typically increases in the days immediately before a scheduled report. The figures here are stamped to their retrieval date and will be stale afterwards. Anyone relying on a consensus number should re-pull it rather than carry forward the one printed here.
Provider figures are not interchangeable. This article names Finnhub as its source. Another provider may publish different numbers, and a comparison drawn across two providers is not a like-for-like comparison.
Historical results describe the past only. Table 4 records four quarters. It carries no information about the September 2 result.
Company-defined measures have no external standard. The AI revenue figure and the non-GAAP margin guidance are defined by the company. They are not standardizsed accounting measures and are not directly comparable across companies.
Trading involves risk of loss. Volatility around a scheduled report can widen spreads and produce gaps between sessions, and a position sized on the assumption of continuous pricing can behave differently. The effect is amplified in a margin account, where leverage increases both gains and losses relative to the capital committed. Margin requirements and account minimums are set out in the relevant account documentation.
Nothing here is investment advice. This article reports a scheduled date, published company figures and historical data. It makes no recommendation about any security and expresses no view on whether any result will be higher or lower than any estimate.
A note on comparisons with other companies
Coverage of a semiconductor result frequently compares one company with another, and readers searching around this print will encounter such comparisons. This article does not make them, for two reasons.
The first is factual. Companies described as peers often sell different products, to different customers, at different points in a supply chain, and report on different fiscal calendars. A comparison that ignores those differences is comparing labels rather than businesses.
The second is that a comparison of that kind is an opinion presented as analysis. Stating that one company’s results are better than another’s, or that one is preferable to another, is a judgement about relative merit. This article confines itself to what each company has published about itself, with the source named, and leaves the judgement to the reader.
Frequently asked questions
When does Broadcom report earnings?
Broadcom announced that it will report third-quarter fiscal 2026 results on Wednesday, September 2, 2026, after the close of the US market. Management hosts a conference call the same day at 2:00 p.m. Pacific Time, which is 5:00 p.m. Eastern Time.
What is the consensus estimate for Broadcom’s third quarter?
Finnhub published a consensus of approximately $3.30 per share on revenue of roughly $29.95 billion, retrieved on August 19, 2026. Providers collect submissions from different analyst panels and apply different rules, so another provider may well publish a different figure for the same quarter.
What revenue has Broadcom guided to for the quarter?
At its second-quarter fiscal 2026 results, Broadcom guided to third-quarter revenue of approximately $29.4 billion, which it described as an increase of 84 percent from the prior-year period. It also guided to non-GAAP operating income of about 67 percent of projected revenue and adjusted EBITDA of about 68 percent.
What segments does Broadcom report?
Two: semiconductor solutions and infrastructure software. In the second quarter of fiscal 2026, they contributed $15,009 million and $7,178 million respectively, which is 68 percent and 32 percent of total net revenue of $22,187 million. The two segments grew at very different rates in that quarter.
Has Broadcom beaten estimates recently?
Across the four most recent quarters, the reported figure came in below the provider estimate twice and above it twice, with every difference under three percent. A record of that kind does not support a claim that the company reliably beats or misses.
What is IV crush around an earnings report?
Before a scheduled report, options expiring shortly afterwards carry elevated implied volatility because the outcome is unknown. Once the result is published, the uncertainty resolves and implied volatility typically falls. This happens irrespective of whether the reported numbers were above or below expectations.
Sources
[^1]: Broadcom Inc., “Broadcom Inc. to Announce Third Quarter Fiscal Year 2026 Financial Results on Wednesday, September 2, 2026,” issued August 3, 2026, distributed via PR Newswire and carried on Broadcom’s investor-relations financial news page. Source for the report date, the “after the close of the market” timing, and the 2:00 p.m. Pacific Time conference call. Retrieved August 19, 2026.
[^2]: Broadcom Inc. investor-relations events page, listing “Q3 2026 Broadcom Earnings Conference Call, 09/02/2026 5:00 PM ET.” Corroborates the call time in Eastern Time. Retrieved August 19, 2026.
[^3]: Finnhub, endpoints /calendar/earnings and /stock/earnings for symbol AVGO, retrieved August 19, 2026. Source for the provider consensus figures and the four-quarter reported-versus-estimate history. These endpoints require an API key and are therefore not publicly reproducible from a bare link; finnhub.io without a key returns an authentication error rather than the data. API documentation: finnhub.io/docs/api. Raw responses retained.
[^4]: Broadcom Inc., Form 8-K exhibit 99.1, second quarter fiscal year 2026 financial results, filed with the US Securities and Exchange Commission (CIK 0001730168) and available on SEC EDGAR. Source for second-quarter net revenue of $22,187 million and the prior-year comparison of $15,004 million; the semiconductor solutions and infrastructure software segment figures; third-quarter revenue guidance of approximately $29.4 billion; non-GAAP operating income guidance of approximately 67 percent of projected revenue; adjusted EBITDA guidance of approximately 68 percent of projected revenue; and the company’s stated expectation that third-quarter semiconductor revenue from AI would grow over 200 percent year over year to $16.0 billion. Retrieved August 19, 2026.
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