Record $2.74B Q2 Revenue and Raised FY27/FY28 Outlook at Marvell
MRVL has more than doubled off its 52-week low of $61.44.
Summary
Record Q2 FY2027 revenue of $2.739B (+37% YoY) and a raised FY2027/FY2028 outlook, with Q3 guidance of $3.15B implying further acceleration.
Key Events · Earnings and Guidance · MRVL
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Record Q2 Revenue
Q2 FY2027 net revenue of $2.739 billion, up 37% year-over-year and $39 million above the midpoint of prior guidance.
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Data Center Growth Accelerates
Data center revenue grew 46% YoY to $2.17 billion, now representing 79% of total revenue.
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Raised Full-Year Outlook
Management raised revenue outlook for both FY2027 and FY2028, citing robust AI-related bookings and accelerating custom business in H2 FY2027.
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Q3 Guidance Implies Acceleration
Q3 FY2027 revenue guided to $3.150 billion +/- 5%, with non-GAAP diluted EPS of $1.10 +/- $0.05.
Analysis · MRVL · Manufacturing
Record Q2 revenue of $2.739 billion, up 37% year-over-year, was driven by 46% growth in the data center segment. Non-GAAP EPS of $0.94 beat the midpoint of prior guidance by a wide margin. Management raised its full-year FY2027 and FY2028 revenue outlook and guided Q3 revenue to $3.15 billion, implying continued acceleration. This comes just eight days after the Google custom semiconductor agreement and warrant issuance, reinforcing the AI-driven demand narrative that has pushed the stock up sharply since June.
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At the time of this filing, MRVL was trading at $235.82 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $211.5B. The 52-week trading range was $61.44 to $329.88. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.