Why Broadcom Stock Crashed Today

Broadcom stock tumbled 15.2% despite beating Q2 2026 earnings expectations on both revenue ($22.2B vs. $22B expected) and EPS ($2.44 non-GAAP vs. $2.39 expected). The company reported 48% YoY sales growth, 85% YoY earnings growth, and 60% free cash flow growth, with AI chips representing nearly 50% of revenue and growing 143% YoY. Q3 guidance of $29.4B also beat Wall Street expectations of $28.5B, yet investors sold off the stock anyway.