From Markets
MRVL
Marvell Technology (MRVL)
225.95
+1.07% (+2.40)
Market read
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.
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Marvell Technology beat Q2 revenue and EPS estimates but projected Q3 adjusted EPS of $1.05–$1.15, with the midpoint below the $1.07 consensus.
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.
FirstSquawk·08/28, 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%.
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%.
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