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Broadcom Forecasts Revenue Below Estimates

Broadcom projected fourth quarter revenue below Wall Street estimates due to intense competition in the custom AI chip market. Shares fell over 3 percent in extended trading despite strong third quarter sales growth.

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Broadcom logo is seen in this illustration taken June 11, 2026. REUTERS/Dado Ruvic/Illustration

BROADCOM INC forecast fourth-quarter revenue of $34.8 billion on Wednesday, missing Wall Street's $35.03 billion estimate. The shortfall highlights mounting competitive pressures in custom AI processors. Shares fell over 3% in extended trading following the outlook.
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