Broadcom (AVGO) delivered strong Q2 2026 results, narrowly beating estimates with 48% YoY revenue growth and robust AI-driven performance. Despite a post-earnings selloff, AVGO's guidance remains realistic, reflecting supply chain constraints rather than demand or execution issues. AVGO's multi-year outlook has improved, with EBITDA and free cash flow estimates for 2027–2028 lifted, supporting a stronger buy rating.