Broadcom’s AI-driven earnings beat isn’t enough to lift the stock on soft guidance

Broadcom topped expectations with Q3 adjusted EPS of $3.32 on $29.6 billion in revenue (up 86% YoY) and AI semiconductor revenue of $16.7 billion (up 221% YoY), but guidance for the next quarter of about $34.8 billion fell short of the $35.05 billion consensus, spurring after-hours selling and leaving investors unsatisfied despite strong AI demand. CEO Hock Tan cited robust data-center AI demand, and analysts say the beat wasn’t large enough to justify a bigger move given Broadcom’s AI exposure; the stock is modestly higher year-to-date versus Nvidia’s rally.