Semiconductor giant Broadcom is set to report second quarter fiscal results after Thursday’s closure bell, with traders hoping for a conservative share move after earnings.
The pricing of options suggests that investors expect Broadcom (AVGO) stock to move around 6.4% the day after its earnings report. That magnitude move would either raise the stock to a record high of around $277 or sink to $244 for the location a week ago.
Broadcom rose on Wednesday, reaching a seven-day winning streak, bringing stock to its highest deadline of all time. Last week, stocks have risen nearly 30% over the past month, backed by AI trade, which revived strong results by Nvidia (NVDA).
Broadcom Stock has registered an average post-revenue movement of 13.9% over the last four quarters, rising in these three instances. Friday’s 6.4% profit or loss represents the smallest movement since December 2023 after earnings.
In March, stocks rushed more than 8% in the day when Broadcom reported record first quarter revenue amid the ongoing strength of its AI semiconductor and infrastructure software business. The stock price surged nearly 25% in a strong December earnings report, pushing Broadcom into a small group of $1 trillion companies.
Analysts are bullish on Broadcom’s long-term outlook, but see limited gains towards revenue on Thursday. Of the 14 Broadcom analysts tracked by visible Alpha, 13 rated the stock as “buying” and one in neutral. The average price target of $251.70 is about 3.5% below the stock’s closing price on Wednesday.
Update – THRURSDAY, June 5, 2025: This story has been updated with the latest stock and options prices.
