ETFs to Buy as Broadcom Slides Despite Better-Than-Expected Q3 Earnings

AVGO reported fiscal Q3 2026 revenue growth of 86% and EPS growth of 96%, powered by AI semiconductor revenue that surged 221% to $16.7 billion. The stock fell nearly 1% after the company guided Q4 revenue to $34.8 billion, below the $35.03 billion analyst consensus.

The miss on forward guidance prompted a look at semiconductor ETFs carrying AVGO exposure as a diversified play. SOXQ, SMH, SOXX, and FTXL all hold positions in AVGO and offer broader sector exposure, reducing single-stock concentration risk while maintaining access to the AI chip buildout driving AVGO's triple-digit AI revenue growth.

The quarter's strength came entirely from AI demand, but the guidance gap—$230 million below Street estimates—signals either customer order timing shifts or management conservatism. Semiconductor ETFs buffer that volatility while keeping traders exposed to the structural AI infrastructure spend that pushed AVGO's AI semiconductor segment above $16 billion in a single quarter.