Broadcom Q2 2023 earnings on deck, what to expect
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Broadcom (NASDAQ:AVGO) is scheduled to announce Q2 earnings results on Thursday, June 1st, after market close.
The consensus EPS estimate is $10.14 and the consensus revenue estimate is $8.71 billion.
Over the last 2 years, AVGO has beaten EPS estimates 100% of the time and has beaten revenue estimates 100% of the time.

Over the last 3 months, EPS estimates have seen 18 upward revisions and 3 downward. Revenue estimates have seen 12 upward revisions and 8 downward.
The company on March 2 reported Q1 Non-GAAP EPS of $10.33, beating estimates by 17 cents. Revenue of $8.92 billion was up 15.7% from last year and ahead of consensus by $20 million.
AVGO has a Quant rating of "Hold", with a 3.48 rating score.
AVGO has an industry ranking of 15 out of 68 among semiconductor stocks, as per SA's Quant ranking.
Wall Street analysts and Seeking Alpha authors rate the AVGO stock "Buy".

Recent Analysis: Broadcom Gets A Multi-Billion Dollar Deal From Apple by Jonathan Weber, junior analyst at the Cash Flow Club Investing Group on Seeking Alpha.

Broadcom: How AI Will Influence Next Week's Q2 Earnings Report by Michael Fitzsimmons.

The Implications Of Apple's Deal With Broadcom by Dilantha De Silva, leader of the Beat Billions Investing Group on Seeking Alpha.

Broadcom Q2 Earnings Preview: A Beat Incoming - Focus On AI And Apple by Daan Rijnberk.

Recent News: Broadcom rises as Wall Street believes infrastructure results will be 'resilient'.

Broadcom slips even as BofA says Apple deal removes 'key' overhang for stock.

Broadcom rises on multibillion-dollar Apple component deal.
AVGO stock fell 13% in 2022, while the benchmark S&P 500 index slipped nearly 20% for the year.
Stock is up 46.2% so far this year as of Tuesday's close.