Marvell Technology is rapidly growing by providing essential AI infrastructure components, posting a 46% year-over-year increase in data center revenue in Q2 FY2027. The company projects continued revenue growth, targeting $11.5 billion in FY2027 and $16.5 billion in FY2028, supported by strong cash flow and a strategic partnership with Google that includes equity incentives. Despite customer concentration risks, Marvell's expanding role with major hyperscalers and robust financials make it a compelling investment in the AI semiconductor space. Upcoming Q3 guidance and an Investor Day event are key near-term milestones to watch.
Marvell Technology's stock fell 7% despite reporting record Data Center revenue and raising its fiscal 2027 and 2028 outlooks. The decline is due to the timing of a large AI deal with Google, which will deliver significant revenue starting in fiscal ...
Marvell Technology's shares fell 8% in premarket trading after its fiscal 2028 revenue outlook, projecting about 50% growth to $18 billion, fell short of investor expectations fueled by a recent Google partnership. The chipmaker reported a 37% year-o...
Marvell Technology reported Q2 earnings and revenue above Wall Street expectations, with data center revenue up 46% year-over-year to $2.17 billion, driven by robust AI-related bookings. Despite this, shares fell 8% in premarket trading as investors ...
Marvell Technology reported a strong Q2 with revenue up 37% year-over-year and slight beats on revenue and earnings per share. The data center segment grew 46% YoY, driven by demand for AI and custom ASICs, with management forecasting over 60% growth...
Marvell Technology reported a 37% revenue increase in Q2, beating estimates but growing slower than AI chip leaders like Nvidia and Broadcom. Despite management's optimistic guidance for 50% revenue growth in Q3, Marvell's stock valuation remains hig...
