The Palo Alto, California-based company is slated to announce its fiscal Q3 2026 results soon. It has exceeded Wall Street's earnings expectations in three of the past four quarters while missing on another occasion. Shares of Broadcom have soared 34.6% over the past 52 weeks, outpacing the broader S&P 500 Index's ($SPX) 16.5% return. 3 after the company reported weaker-than-expected Q2 revenue of $22.19 billion and projected Q3 AI chip revenue of $16 billion. Although Broadcom forecast better-than-expected strong Q3 total revenue of approximately $29.4 billion, investors reacted negatively to the earnings miss and lack of an upgraded long-term AI revenue forecast.