Broadcom shares slip ahead of September 2 earnings as VMware expands AI portfolio

  • Broadcom introduced private-cloud, infrastructure and governance products at VMware Explore 2026.
  • Broadcom shares fell 1.25% to $365.70 in Tuesday’s premarket session.
  • Broadcom will report third-quarter fiscal 2026 results after markets close on September 2.

Broadcom shares fell 1.25% to $365.70 in Tuesday’s premarket session as large-cap technology stocks weakened, with Nasdaq futures down 1.02% and S&P 500 futures off 0.59%. The company is scheduled to report third-quarter fiscal 2026 results after the market closes on Wednesday, September 2. Analyst estimates differ between reports: one set calls for earnings per share of $3.16 and revenue of $29.44 billion, while another projects $3.22 per share and $29.24 billion. Broadcom also used VMware Explore 2026 to introduce VMware Private AI Cloud, VMware AI Factory and AgentMinder, along with upgrades to Tanzu and new trusted open-source software tools. The products are designed to help enterprises deploy AI on private infrastructure, allocate computing resources, protect data and govern autonomous agents. AVGO remains below its short- and medium-term moving averages, although its 200-day average and April golden cross provide longer-term technical reference points. Analysts maintain a positive overall view, but the stock’s premium valuation and mixed momentum make the earnings outlook important for investors.

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