What move does the options market price into Broadcom's report?

Implied ±6.7%, either direction.

How often does Broadcom move more than the options market prices?

5 of the last 8 reports moved at least as far as the implied move.

AVGONasdaqSemiconductors & Related Devices

Broadcom Inc. (AVGO) earnings date, market-implied expected move, and options open interest by expiry

327.24

Closed19:59 ET

Open331.30Volume36.5MMkt cap$1.6TP/E40.80EPS8.02Div yield0.80%

Day320.59 – 332.9454%52-wk288.98 – 493.3219%

AVGO

Broadcom Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±6.7%implied · report alone

8Q avg ±9.9%·×0.68·cheap

304.10348.06

straddle ±11.5%

spot 326.08exp Dec 11ATM strike 325ATM straddle 44.20IV 50%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Dec 10

after close · in 39 days

est.Q4 FY26

Calendar

Next report

Last report

−2.74%

vs ±6.8% implied · ×0.41

shaded = implied · ▲▼ = realized

Sep 2 '26 · confirmed

Implied vs realized

Largest filed tie

40.00%

of AVGO revenue · Top five end customers (undisclosed, aggregate)

customerAVGO filing

Supply chain

Largest filed tie

13F top-10 QoQ

+2.35%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

4,848 managers

Top fund weight

6.08%

AVGO weight · SOXX

N-PORTJun 30 '26

18 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Broadcom (AVGO) is expected to report on Dec 10 after close (estimated date).

Implied vs realized

8 reports

5 of 8≥ implied

avg implied: ±6.4%
avg realized: ±9.9%

Dec 12 '24Dec 12 '24confirmed±6.3%▲+24.43%×3.89

Mar 6 '25Mar 6 '25confirmed±7.8%▲+8.64%×1.11

Jun 5 '25Jun 5 '25confirmed±5.7%▼−5.00%×0.88

Q3 FY25Sep 4 '25confirmed±4.8%▲+9.41%×1.96

Q4 FY25Dec 11 '25confirmed±5.7%▼−11.43%×2.01

Q1 FY26Mar 4 '26confirmed±6.5%▲+4.80%×0.74

Q2 FY26Jun 3 '26confirmed±7.5%▼−12.59%×1.67

Q3 FY26Sep 2 '26confirmed±6.8%▼−2.74%×0.41

quarterimplied−25%0+25%realized×

Q3 FY26±6.8%▼−2.74%×0.41

Q2 FY26±7.5%▼−12.59%×1.67

Q1 FY26±6.5%▲+4.80%×0.74

Q4 FY25±5.7%▼−11.43%×2.01

Q3 FY25±4.8%▲+9.41%×1.96

Jun '25±5.7%▼−5.00%×0.88

2 older reports

Mar '25±7.8%▲+8.64%×1.11

Dec '24±6.3%▲+24.43%×3.89

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 14 expiries · Oct 30 close

0.84OI · 14 expiries · Oct 30 closeP/C open interest · Dec 11 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

6 nearer expiries

6,845+52%Nov 21d0.6810,140+18%0.68

2,490+84%Nov 43d0.524,759+103%0.52

36,650+8%Nov 65d0.9040,617+13%0.90

952—Nov 98d0.811,174—0.81

17,3980%Nov 1312d0.8121,486+5%0.81

164,174+10%Nov 2019d0.99165,810+19%0.99

15,900+187%Nov 2726d2.007,965+104%2.00

5,180+6%Dec 433d1.274,072+33%1.27

report · Dec 10 · after close · est.

134—Dec 1140d160—

153,726+4%Dec 1847d1.13135,947+2%1.13

181,640+1%Jan 1575d0.76240,4400%0.76

3 later expiries

25,364+13%Feb 19110d1.6315,600+6%1.63

90,264+4%Mar 19138d1.1876,662+5%1.18

35,079+1%Apr 16166d2.2915,324+1%2.29

ExpiryPutsCallsP/C

6 nearer expiries

Nov 21d6,845+52%10,140+18%0.68

Nov 43d2,490+84%4,759+103%0.52

Nov 65d36,650+8%40,617+13%0.90

Nov 98d952—1,174—0.81

Nov 1312d17,3980%21,486+5%0.81

Nov 2019d164,174+10%165,810+19%0.99

Nov 2726d15,900+187%7,965+104%2.00

Dec 433d5,180+6%4,072+33%1.27

report · Dec 10 · after close · est.

Dec 1140d134—160—0.84

Dec 1847d153,726+4%135,947+2%1.13

Jan 1575d181,640+1%240,4400%0.76

3 later expiries

Feb 19110d25,364+13%15,600+6%1.63

Mar 19138d90,264+4%76,662+5%1.18

Apr 16166d35,079+1%15,324+1%2.29

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±11.5%

Funds 4

SOXX±0.7%

SOXL±0.6%

XLK±0.6%

SMH±0.6%

Suppliers 3

RMBS±8.1%×0.71

TSM±5.9%×0.51

STX±5.3%×0.46

Customers 3

ANET±7.1%×0.61

SYNA±5.2%×0.45

KKR±3.3%×0.29

Dashed = straddle · × = co-movement · max 501dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

44.23%as filednet margin · revenue +33.37% QoQ · +85.50% YoY

Revenue

$29.6B+33.37% QoQ

Gross profit

$20.5B+32.70% QoQ

69.13% margin

Operating income

$16.0B+47.90% QoQ

53.92% margin

Pre-tax income

$15.3B+50.79% QoQ

Net income

$13.1B+40.58% QoQ

44.23% margin

Cost of revenue

$9.1B+34.89% QoQ

Operating expenses

$4.5B−2.72% QoQ

R&D $2.9B

SG&A $996M

Other operating $610M

Other expense

$680M

Tax

$2.2B+166.71% QoQ

Revenue$29.6B+33.37%

Gross profit

$20.5B+32.70%

69.13% margin

Operating income

$16.0B+47.90%

53.92% margin

Pre-tax income

$15.3B+50.79%

Net income

$13.1B+40.58%

44.23% margin

Cost of revenue

$9.1B+34.89%

Operating expenses

$4.5B−2.72%

R&D $2.9B

SG&A $996M

Other operating $610M

Other expense

$680M

Tax$2.2B+166.71%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Aug 2 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 19:45 ET

Intraday

Event sensitivity

FOMC ×1.26· ±2.7% vs ±2.2% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±2.7%16 of 24×1.26

NFPjobs report±2.5%7 of 10×1.17

GDPgross domestic product±2.3%10 of 19×1.06

CPIconsumer prices±1.9%5 of 11×0.86

PCEpersonal income & outlays±1.7%8 of 19×0.78

CPROFcorporate profits±1.6%6 of 12×0.72

PPIproducer prices±1.3%5 of 11×0.60

Bar = avg |move| to ±3% · tick = ±2.2% avg day · ×base = |move| ÷ ±2.2% · min 6 releases

Earnings history

EPS 2.68 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Sep 2 '26 · confirmed	2.68	—
Q2 FY26	Jun 3 '26 · confirmed	1.91	—
Q1 FY26	Mar 4 '26 · confirmed	1.50	—
Q4 FY25	Dec 11 '25 · confirmed	1.95	—

Methodology

ties · implied moves · holdersMethod