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Broadcom and Adobe shares decline despite earnings growth

The Motley Fool +1 ·

AVGO Broadcom Inc
$321.68 -0.48%
View chart & analysis →
ADBE -2.49%
  1. 1Broadcom reported third-quarter revenue of $29.6 billion for fiscal year 2026, up 86% from the previous year.
  2. 2Adobe achieved third-quarter revenue of $6.76 billion for fiscal year 2026, a 13% increase from the previous year.
  3. 3Recent quarterly reports from both companies showed healthy growth, and they are trading cheaper than the overall market relative to expected profits.

So what's the key point?

Broadcom and Adobe grew well by increasing their revenue. Since profits were better than expert expectations, stock prices are relatively cheap compared to those profits.

Source The Motley Fool +1 · View original ↗

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