AVGO · PEAD ↓ 100

Broadcom reported Q2 FY2026 EPS of $2.44 on 2026-06-03 (after-market close), beating the $2.39 consensus by $0.05 (+2.1%).

Print-day reaction was essentially flat at -0.49% versus the prior close, an unusually muted response to a consensus beat. The overnight gap from the T+0 close to the T+1 open was a severe -14.7%, signalling a decisive post-market reversal that overwhelmed the headline beat. The Day 1–3 drift compounded the damage with a further -5.3%, offering no stabilisation as the move accelerated lower through 2026-06-08. Cumulative abnormal return of -15.0% versus SPY.US firmly places this in PEAD short territory — drift confirmed and extended the overnight collapse; holding window runs through 2026-08-31.