Broadcom Q2 Beats Expectations, Reveals Massive Anthropic AI Platform Supply Deal
AVGO sits 61% above its 52-week low of $241.11.
Summary
Broadcom reported Q2 2026 revenue of $22.19 billion and diluted EPS of $1.91, exceeding analyst expectations. This confirms the strong financial performance previously indicated in the June 3rd 8-K and June 9th 10-Q filings, and clarifies earlier conflicting news reports regarding Q2 results. The company also provided significant new details on its partnership to supply Anthropic's AI XPV Platform, projecting over 20 GW of AI compute by 2028. This expansion of the Anthropic deal, initially announced on May 15th, underscores a massive, long-term revenue opportunity in the critical AI infrastructure market for Broadcom's custom chips and networking solutions.
At the time of this announcement, AVGO was trading at $388.99 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.9T. The 52-week trading range was $241.11 to $495.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.