Earnings ·
Marvell Technology, Inc. reported second quarter fiscal 2027 financial results with record net revenue of $2.739…
MRVLMarvell Technology, Inc.
Marvell Technology, Inc. reported second quarter fiscal 2027 financial results with record net revenue of $2.739 billion, a 37% year-over-year increase driven by strong data center demand. GAAP diluted earnings per share were $0.33, while non-GAAP diluted EPS reached $0.94 on net income of $865.9 million. The company raised its full-year fiscal 2027 and fiscal 2028 revenue outlooks due to robust AI-related bookings and accelerating custom business growth. For the third quarter of fiscal 2027, Marvell guided for net revenue of approximately $3.15 billion +/- 5% and non-GAAP diluted EPS of $1.10 +/- $0.05. The company operates in the semiconductor industry, designing data infrastructure solutions.