Broadcom (AVGO) Poised for 47% Revenue Jump in Q1 Earnings Report on June 3

Broadcom (NASDAQ:AVGO) will report fiscal first-quarter earnings after the closing bell on June 3, 2026, with analysts projecting revenues to surge 47.1% year-over-year, a sharp acceleration from the 20.2% growth in the year-ago period. The consensus estimate has remained unchanged in the past 30 days, signaling steady expectations for the chip and software maker, which rarely misses Wall Street’s revenue forecasts. Last quarter, Broadcom posted revenue of $19.31 billion, up 29.5% from a year earlier, beating estimates and providing guidance above analysts’ projections. Among processors and graphics chip peers, Lattice Semiconductor reported a 42.2% revenue jump and Intel delivered a 7.2% increase, each topping expectations, though their stock reactions diverged—Intel surged 23.6% while Lattice dipped 2.6%. Broadcom shares have gained 13.4% over the past month, trailing the segment’s 21.3% average advance, and enter the report with an average analyst price target of $485.72, above the current $472.23 close.