Marvell Technology (MRVL) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.67 per share a year ago.
Marvell Technology, Inc. delivered Q2 results with 37% revenue growth and minor beats, but growth lags top AI chip peers like NVDA and AVGO. MRVL stock's valuation remains steep at ~60x forward adjusted earnings and ~180x GAAP, with significant share dilution from ongoing equity issuances. Management guides for accelerating growth, targeting 50% revenue growth in Q3, yet still trailing industry leaders' explosive expansion.
Marvell Technology Inc (NASDAQ:MRVL)'s second-quarter revenue rose 37% year-over-year to $2.7 billion, topping analyst estimates of $2.71 billion, as demand for its data center chips continued to accelerate. Adjusted earnings per share came in at $0.94, up 40% from a year earlier and ahead of the $0.92 consensus estimate.
Marvell Technology forecast quarterly revenue above estimates on Thursday, a sign of strong demand for its custom chips and networking gear used in AI data centers.
Marvell Technology (MRVL) shares are in focus as the semiconductor company prepares to report fiscal second-quarter 2027 results after the market closes on Thursday. The timing could hardly be more important.
Marvell Technology, Inc. (MRVL) Presents at The Six Five Summit: AI Unleashed 2026 Transcript
Marvell Technology NASDAQ: MRVL Chairman and CEO Matt Murphy said the artificial intelligence infrastructure market remains in its early stages, with connectivity emerging as a central constraint as computing, memory and storage systems scale.
Outside of Nvidia, Marvell Technology will provide the semiconductor market's most closely watched earnings report this week on Thursday, August 27.
Marvell Technology (NASDAQ:MRVL), up 5% at $240.63 at last check amid sector tailwinds , is scheduled to report second-quarter earnings before the market closes on Thursday, Aug. 27.
I initially thought Q2 would drive this piece. Then Google turned Marvell into a market-share story against Broadcom. I've seen this movie before in the GPU space. It's called AMD vs Nvidia, and the winner in terms of 1-year stock returns is often the underdog (not the incumbent). The Street wants $2.71 billion in revenue and $0.93 EPS. I see a low bar because both numbers sit almost exactly at management's midpoint.
As it turned out, by the morning of Tuesday, August 25, the news regarding a massive deal between Marvell (NASDAQ: MRVL) and Google's parent company, Alphabet (NASDAQ: GOOGL), impressed both investors and Wall Street analysts.
Marvell reports fiscal Q2 2027 after Thursday's close, and I'm looking for another raise to the full-year outlook after management lifted it on each of the last two calls. The stock sits roughly 28% below its June high on an AI-sentiment de-rating, with the forward non-GAAP P/E compressing from 68.3x in June to 58.4x today. The Google agreement and its $12.19 billion warrant extend the customer diversification I flagged in June, adding an attached layer that scales with every TPU Google deploys.