Why Is Broadcom (AVGO) Stock Trending After Hours?

Broadcom Inc. (NASDAQ:AVGO) shares are trending on Wednesday.

Shares of the Californian technology company climbed 2.20% to $339.30 after the bell on Tuesday.

In the regular session, the stock was up 3.91% to $331.98, according to Benzinga Pro data.

Broadcom Sets Date for Fiscal 2026 Earnings Report

The stock move came as Broadcom announced that it will report fourth-quarter and fiscal 2026 results on Dec. 9, after the market close. Management will hold a conference call at 2 p.m. Pacific Time to discuss results and the business outlook.

Broadcom, which designs and supplies semiconductor and infrastructure software products, performed better than expected in the last quarter reported in September.

The company posted quarterly revenue of $29.59 billion, edging higher than the analyst estimate of $29.44 billion. Earnings per share came in at $3.32, beating the expected $3.16 by 5.06%.

Separately, JPMorgan (NYSE:JPM) analyst Harlan Sur said Google’s newly announced TPU 8i Max is consistent with Broadcom’s custom chip roadmap. Sur reiterated an Overweight rating on the stock.

Google did not name Broadcom as a supplier.

Trading Metrics, Technical Analysis

Broadcom has a market capitalization of $1.58 trillion, a 52-week high of $495 and a 52-week low of $289.77.

The Relative Strength Index (RSI) of AVGO stands at 49.40.

The large-cap stock has fallen roughly 7.37% over the past 12 months.

AVGO is currently trading at 20.57% of its 52-week price range.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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