Marvell Technology reported strong Q2 '27 results, surpassing revenue and EPS expectations. The market's attention shifted to its new deal with Alphabet, which could generate up to $120 billion in revenue over 6 to 6.5 years, with milestones tied to sales growth. Marvell raised its revenue guidance to $12 billion for FY'27 and $18 billion for FY'28, though it expects gross margins to decline due to increased custom-chip production. Despite promising AI-driven growth, Marvell's valuation is high, trading at about 22 times FY'29 earnings estimates, limiting upside compared to the NASDAQ-100.
Marvell Technology's stock fell over 8% after a narrow Q2 earnings beat, despite record revenue of $2.739 billion driven by strong AI and data center demand. Wall Street analysts remain optimistic, maintaining 'Buy' ratings and setting 12-month price...
Marvell Technology's stock has surged over 180% this year driven by strong demand for AI infrastructure, particularly in custom silicon and optical networking for data centers. The company reported accelerating revenue growth and expanded partnership...
Marvell Technology reported a strong 37% year-over-year revenue increase and raised its full-year guidance. However, its stock fell as the earnings beats were modest and expectations were high. The company’s future growth is now expected to come main...
Marvell Technology reported strong Q2 fiscal 2027 results, beating revenue and earnings estimates, and raised its outlook with a forecast of roughly 50% year-over-year growth for the next quarter. Despite this, shares fell about 6% in after-hours tra...
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 ...
