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Marvell reported second quarter revenue of $2.74 billion and adjusted earnings per share of $0.94, exceeding analyst estimates. Data center sales grew 46% year over year to $2.2 billion, while total revenue rose 37% to $2.7 billion. Net income reached $865.9 million, surpassing the $852 million expected by analysts.
The company raised its revenue outlook for fiscal 2027 and 2028 for the second consecutive quarter, citing exceptionally robust AI related bookings. Marvell forecasts third quarter adjusted earnings per share of $1.10, compared with an estimate of $1.07, and provided a GAAP gross margin range of 52.9% to 53.9%.
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Key sources
- SOURCE@wallstengine“AI-related bookings remain exceptionally robust, and we expect our revenue growth to accelerate further through the remainder of fiscal 2027”x.com
- SUPPORT@stocksavvyshay“Gross Margin 59% vs. Est 59%”x.com
- SUPPORT@unusual_whales“Revenue: $2.73 billion, est: $2.71 billion”x.com
- SUPPORT@trendspider“🟥 -1.81%”x.com