Marvell Falls After $2.74 Billion Q2 Beat as $3.15 Billion Q3 Outlook Fails to Impress
Updated
Updated · Investor's Business Daily · Aug 27
Marvell Falls After $2.74 Billion Q2 Beat as $3.15 Billion Q3 Outlook Fails to Impress
3 articles · Updated · Investor's Business Daily · Aug 27
Summary
Marvell shares slipped in extended trading even after the chipmaker posted adjusted earnings of 94 cents a share on $2.74 billion in fiscal second-quarter sales, both slightly above expectations.
Q3 guidance also topped Wall Street views, with Marvell forecasting about $3.15 billion in revenue as demand for AI and data-center chips stays strong.
Data-center revenue rose 46% from a year earlier to $2.17 billion, making up 79% of total revenue and underscoring how heavily growth is tied to hyperscaler and custom-silicon spending.
The muted stock reaction suggests investors had already priced in strong AI-driven results after Marvell earlier highlighted record quarterly revenue, robust bookings and a higher outlook for fiscal 2027 and 2028.