Broadcom Inc. (NASDAQ: AVGO) shares are in the spotlight, with earnings on deck, key growth metrics in focus and a technical setup showing a golden cross under pressure.Earnings Preview & History
Broadcom is scheduled to report third-quarter fiscal 2026 earnings on Sept. 2 after market close. Analysts estimate EPS of $3.24 along with revenue of $29.36 billion. For the prior quarter, Broadcom reported EPS of $2.44, beating consensus estimates. The company also posted revenue of $22.19 billion.
What to Watch
Investors will be closely tracking AI semiconductor revenue, which management guided to $16 billion for the quarter, representing year-over-year growth exceeding 200% and accounting for more than half of expected total revenue. Any update to Broadcom's long-standing full-year 2027 AI semiconductor target of "in excess of $100 billion" will also be closely watched, given that management's decision not to raise that figure last quarter contributed to a sharp selloff despite a beat.
Commentary on AI bookings and backlog visibility - which stood above $30 billion entering the quarter - along with margin trends amid a shifting customer mix, should offer additional signals on how sustainably Broadcom's AI growth is translating into profitability.
A Golden Cross Under Pressure
From a trend perspective, Broadcom is still in a pullback phase versus its key moving averages: it's trading 9.1% below the 20-day SMA ($393.63) and 7.7% below the 50-day SMA ($387.46), which keeps overhead supply in focus on rebounds. It's also 3.1% below the 200-day SMA ($369.22), making that long-term line a nearby "line in the sand" for bulls trying to stabilize the bigger picture.
The moving-average structure is mixed but not broken: the 20-day SMA remains above the 50-day SMA (a bullish tilt), and the golden cross (50-day above the 200-day) that triggered in April is still technically intact. The catch is that price is currently below those averages, so the market is asking Broadcom to prove it can reclaim them before the uptrend narrative really reasserts itself.
Momentum is leaning softer: MACD is below its signal line and the histogram is negative, which points to fading upside pressure versus the prior upswing. In plain terms, when MACD sits under its signal line, it often means rallies can struggle to follow through unless buyers step in with more urgency.
- Key Resistance: $407.50 - a nearby ceiling where rebounds can stall, sitting in the same neighborhood as the stock's mid-term moving averages
- Key Support: $356.50 - a tight downside reference just below the current price, where buyers previously showed up
AVGO Price Action: At the time of publication, Broadcom shares are trading 0.12% lower at $356.30, according to data from Benzinga Pro.