Broadcom AVGO shares dropped a massive 12.6% following its second-quarter fiscal 2026 results despite reporting strong revenue (beat the Zacks Consensus Estimate by 0.68%) and earnings (beat the consensus mark by 1.67%) beats, as investors appeared disappointed by the guidance and the lack of a meaningful increase to AVGO's longer-term AI outlook. Broadcom raised its forecast for fiscal 2026 AI semiconductor revenues to $56 billion and reiterated expectations for more than $100 billion in AI revenues in fiscal 2027.