Marvell Shares Tumble 6% as Outlook Underwhelms Despite 37% Revenue Growth

Marvell Technology’s stock price decreased by 6% following its second-quarter earnings report. While the company exceeded revenue expectations and raised its fiscal 2028 outlook, investors anticipated an even more significant increase. The company announced a new partnership with Google, but limited details on the fiscal 2028 outlook dampened sentiment.

• Marvell Technology shares fell 6% on Friday.
• Second-quarter revenue beat expectations, rising 37% to $2.7 billion.
• Fiscal 2028 revenue outlook was raised to around $18 billion, a 50% year-on-year increase.
• The raised outlook did not meet investors’ elevated expectations.
• Marvell announced a partnership with Google for AI data center chips.
• The company’s stock is up 184% this year, driven by AI infrastructure demand.
• Goldman Sachs noted high investor expectations and maintained a neutral stance.
  Continue reading https://www.cnbc.com/2026/08/28/marvell-mrvl-q2-earnings-outlook.html