Marvell Technology is set for a positive Q2 2027 earnings report on August 27, driven by exceptional AI-related bookings and raised revenue guidance for fiscal 2027 and 2028. The company expects Q2 revenue around $2.7 billion and projects $3 billion for Q3, beating prior forecasts. Marvell has a strong track record with five beats in six recent reports and anticipates significant growth, including a 40% revenue increase in fiscal 2027 and $16.5 billion in fiscal 2028. Shares have surged over 195% year to date, supported by bullish analyst ratings and strong market sentiment.
Marvell Technology and Western Digital both experienced their worst weekly stock declines since 2001, dropping about 28% despite raising their earnings guidance. The selloff was largely driven by election results and concerns over AI data center poli...
Marvell Technology has been upgraded to a Buy rating with a new fair value of $187.35 standalone and $199.48 including its acquisition of Lumentum. The upgrade follows improved fiscal guidance for 2028 and 2031, along with a significant contract win ...
Marvell Technology's stock dropped over 50% in one month following its all-stock acquisition of Lumentum, causing significant dilution concerns among investors. Despite the steep decline, analysts remain optimistic, with an average price target sugge...
Marvell Technology raised its fiscal 2028 revenue outlook to about $18 billion, signaling strong business momentum, yet its stock dropped over 30% recently due to concerns over dilution from an all-stock acquisition of Lumentum. Despite the selloff, ...
AMD is under pressure not only from Nvidia but also from Intel and Broadcom. Intel reported its strongest data center growth in 15 years, boosting demand for its Xeon server CPUs, directly competing with AMD's EPYC processors. Meanwhile, Broadcom's c...
