Broadcom to Announce Q2 Earnings After Market Close on June 12, Expected EPS $11.200

Broadcom Inc. (NASDAQ: AVGO) is set to release its Q2 financial results after the market closes on June 12, 2024, at 4:15PM EST. Analysts expect the company to report earnings of $10.84 per share on revenue of $12.028 billion. The company's shares have increased by 2.4% to $1,440.47 following the announcement of new adapters. The earnings report is highly anticipated, with a particular focus on AI-related revenue and partnerships with major tech companies like Meta and Google. Broadcom's previous earnings per share (EPS) was $10.802, and the expected EPS for this quarter is $11.200. The company's price-to-earnings (P/E) ratio stands at 50.53, with an average surprise of 3.68% over the past five years.