S&P 5007,666.60▲0.5% Nasdaq26,217.83▲0.5% Dow53,061.95▲0.6% Russell 2K2,953.17▲1.1% 10-Yr4.80%+0bp VIX15.20−1.14 WTI$90.70▲0.5% Gold$4,431.70▲1.9% EUR/USD1.159▼0.1% BTC$77,564▲0.2% Nikkei66,215▼0.1%
At close · Thu, Sep 3, 2026
Daily Market Updates.

Earnings

Home›Earnings›Guidance›Broadcom guides to stronger fiscal 2028 outlook despit…

Broadcom guides to stronger fiscal 2028 outlook despite weak quarter forecast

The company said it expects a disappointing revenue print for the current quarter, while outlining robust guidance for fiscal 2028.

Reported · Written up by our desk · Guidance

Broadcom set expectations for investors by flagging weaker revenue for the current quarter, according to CNBC Markets.

At the same time, the company laid out a stronger outlook, providing robust earnings guidance for fiscal 2028, with its CEO highlighting growth initiatives tied to AI labs, CNBC Earnings reported.

The contrast between a softer near term revenue forecast and a stronger longer term guidance framework was the focus of the update.

← Newer storyUSD/JPY climbs above 160 as intervention deterrent fades

More like this

EarningsDell shares jump after lifting fiscal 2027 forecast on AI server growth
EarningsNVIDIA to invest about $3.5 billion in MediaTek to expand edge AI
EarningsTarget, Avnet, Cenovus raise guidance after recent earnings
EarningsPinterest CFO Julia Donnelly to leave on Oct. 30
EarningsBoeing wins up to $131.2B for F-15 sustainment through 2037

Sources

CNBC MarketsBroadcom delivers strong earnings view as CEO touts growth with AI labs
CNBC EarningsBroadcom delivers strong earnings view as CEO touts growth with AI labs

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.