MRVL
Marvell Technology (MRVL)
228.67
+2.29% (+5.12)
Updated 09:30 PMMRVL
Marvell Technology (MRVL)
228.67
+2.29% (+5.12)
Updated 09:30 PMMRVL
228.67
+2.29% (+5.12)
Updated 09:30 PM
Overview
The Q3 guidance midpoint falls short of what analysts expected, signaling that near-term earnings growth may be slower than the market had modeled. Shares were lower on the day following the report.
Updated 07:05 AM
High confidence08/28, 03:54 AM
Marvell's CEO forecasts FY2027 revenue growing 45% year-on-year to approximately $12 billion, with data centre business expected to grow 60%.
Affected assets
FirstSquawk
08/28, 03:54 AM
Related updates
WSJ·08/28, 03:45 AM
Marvell raised its full-year revenue forecast for fiscal 2026 and 2027, citing accelerating AI-driven demand and second-quarter profit growth.
FirstSquawk·08/28, 03:11 AM
Marvell Technology projects Q3 adjusted EPS of $1.05–$1.15, below the $1.07 consensus estimate, with adjusted gross margin of 57.5%–58.5%.
FirstSquawk·08/28, 03:11 AM
Marvell Technology reported Q2 revenue of $2.74 billion, exceeding the $2.71 billion estimate, with adjusted EPS of 94 cents versus 93 cents expected.
LiveSquawk·08/28, 03:10 AM
Marvell Technology reported Q2 2026 revenue of $2.74B (beating $2.71B estimate) and adjusted EPS of 94c (beating 93c estimate), with Q3 guidance of $1.05–$1.15 adjusted EPS.
FirstSquawk·08/24, 05:22 PM
Wells Fargo raised its price target for Marvell Technology to $310 from $240.