{"podcast":{"title":"Charged Alpha Stock Encyclopedia","slug":"charged-alpha-stock-encyclopedia-7819792","podcast_index_feed_id":7819792,"rss_url":"https://feed.podbean.com/chargedalpha/feed.xml","website_url":"https://chargedalpha.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/22241603/charged_alpha_logo_2048.png","author":"Colton Thomas","episode_count":1630,"summary":"Charged Alpha reviews earnings for each stock in the Russel 1000 every quarter. Each podcast gives thorough analysis, along with an in-depth profile in the beginning of the episode of the company, what they do, how they earn money and what to look for.","last_synced_at":"2026-09-04T06:17:14.359815+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792"},"episode":{"title":"AVGO Stock: The Beat Was Sold Again - Gross Margin Is Why | Broadcom Q3 FY2026","slug":"avgo-stock-the-beat-was-sold-again-gross-margin-is-why-broadcom-q3-fy2026","published_at":"2026-09-03T17:14:32+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/avgo-stock-the-beat-was-sold-again-gross-margin-is-why-broadcom-q3-fy2026","show_page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792","url":"https://chargedalpha.podbean.com/e/avgo-stock-the-beat-was-sold-again-gross-margin-is-why-broadcom-q3-fy2026/","audio_url":"https://mcdn.podbean.com/mf/web/s0uh207d3ui12dx5/audio_d.mp3","summary":"Broadcom (AVGO) Q3 FY2026 — It is down 5.1% since the print - the second quarter running that a beat has been sold. Broadcom beat on revenue and on earnings, and guided Q4 revenue ABOVE consensus - and the stock still fell. The answer is four lines below the headline: adjusted gross margin went from 78.35% to 74.99%, and the Q4 guide implies about 72.03%. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$367.10 vs ~$348.39 today. KEY METRICS: - Revenue $29,591M, +85.5% YoY - about $350M above consensus - Adjusted EPS $3.32 vs $3.22 expected; adjusted operating income $20,095M - Adjusted gross margin 74.99%, down from 78.35% a year ago - Q4 guide ~$34,800M revenue (above consensus) at ~66% operating margin - That implies ~72.03% gross margin - a 6.32 point fall in twelve months - Incremental operating margin in the guide 55.15% vs the 67.91% just earned - Free cash flow $13,665M (46.2% of revenue); no buyback; net debt $35.4bn What to watch: the Q4 release in December - does adjusted operating margin hold 66%, and does cost of revenue stop outgrowing revenue Also on YouTube: @ChargedAlpha DISCLAIMER: For informational and educational purposes only. Not financial advice. Do your own research before any investment decision.","meta_description":"Broadcom (AVGO) Q3 FY2026 — It is down 5.1% since the print - the second quarter running that a beat has been sold. Broadcom beat on revenue and on earnin…","key_points":[],"chapters":[],"topics":[],"duration_seconds":897,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/charged-alpha-stock-encyclopedia-7819792/episodes/avgo-stock-the-beat-was-sold-again-gross-margin-is-why-broadcom-q3-fy2026/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/avgo-stock-the-beat-was-sold-again-gross-margin-is-why-broadcom-q3-fy2026.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}