AVGO Earnings

AVGO reported its FY2026Q1 earnings on 2026-03-04, showcasing a revenue of against an estimate of 19.27B, resulting in a 0% surprise. The EPS was 0, surpassing the expected 1.67 by 0%. The stock experienced a 0% price change on the earnings day and a 0% change over the next five days, reflecting market reactions to the results.

Following AVGO's FY2026Q1 earnings announcement on 2026-03-04, the stock price moved by 0% on the day of the release. Over the subsequent five days, it saw a 0% change. Historically, AVGO's stock price tends to shift by an average of -0.48% in the 10 days leading up to earnings and 7.71% in the 10 days following, providing insight into potential market.

For 2026/Q1, analysts estimate AVGO's annual revenue to reach 19.07B, while the EPS is projected at 2.01. These estimates reflect recent revisions, with revenue estimates revised upward by 11.84% and EPS estimates revised upward by 4.26% over the past three months, indicating analyst expectation in the company's performance.

The correlation between AVGO's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock's fundamentals. Over the past three months, revenue estimates for FY2026 were revised upward by 11.84%, while EPS estimates moved revised upward by 4.26%. This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, AVGO's stock price typically moves by -0.48% in the 10 days before its earnings and 7.71% in the 10 days after. For the upcoming 2026/Q1 earnings, analysts expect an EPS of 2.01 and revenue of 19.07B.

The earnings call reveals strong financial performance with significant AI revenue growth and a solid $73 billion AI backlog. Despite lower gross margins, operating margins are expected to grow in dollar terms. The management's optimistic outlook for fiscal '26 AI revenue and strategic investments in custom accelerators are positive indicators. The Q&A session confirmed backlog growth and supply chain readiness, despite some vague responses. The overall sentiment is positive, with a likely stock price increase of 2% to 8%.