Marvell Technology, Inc. Reports Second Quarter of Fiscal Year 2027 Financial Results
Marvell reported record fiscal Q2 revenue of $2.739 billion, up 37% year-over-year, driven by a 46% surge in Data Center revenue. Non-GAAP EPS reached $0.94 on strong gross margins, with management citing robust AI bookings and accelerating growth in its Custom business. The company raised its revenue outlook for both fiscal 2027 and 2028, guiding Q3 revenue to $3.15 billion plus or minus 5%.
Key figures
- Eps
- 0.94
- Revenue
- $2.739 billion
- Guidance
- Q3 revenue $3.150 billion +/- 5%; GAAP EPS $0.53 +/- $0.05; Non-GAAP EPS $1.10 +/- $0.05; FY27 and FY28 revenue outlook raised
- Revenue Yoy
- 37%
- Gaap gross margin
- 53.1%
- Operating cash flow
- 605500000
- Non gaap gross margin
- 58.9%
- Data center revenue growth
- 46%
AI analysis
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