earnings
confidence high
sentiment positive
materiality 0.90
Marvell posts record Q2 revenue $2.739B, up 37% YoY; raises FY27/28 outlook
Marvell Technology, Inc.
- Q2 net revenue $2.739B (record, +37% YoY); GAAP EPS $0.33, non-GAAP EPS $0.94.
- Data Center revenue accelerated 46% YoY; AI bookings remain exceptionally robust per CEO.
- Q3 guidance: revenue $3.15B ±5%, non-GAAP EPS $1.10 ±$0.05; raised FY27/28 revenue outlook.
- GAAP gross margin 53.1%, non-GAAP 58.9%; operating cash flow $605.5M.
- Investor Day scheduled Oct 6, 2026 to detail AI infrastructure strategy.