Marvell beats Q2 expectations, but shares fall as investors focus on margins
๐ Marvell reported Q2 FY2027 revenue of $2.739 billion, up 37% YoY and slightly above expectations. Adjusted EPS came in at $0.94, also edging past market forecasts.
๐ค Data Center remained the main growth driver, generating $2.172 billion in revenue, up 46% YoY and accounting for around 79% of total revenue. The company said AI demand remains strong, while custom silicon is expected to accelerate in the second half of FY2027.
๐ Q3 revenue guidance was set at $3.15 billion ยฑ5%, above consensus of roughly $3.04 billion. However, non-GAAP gross margin is expected at 57.5%โ58.5%, down from 58.9% in Q2.
๐ MRVL shares fell around 2%โ2.5% in after-hours trading. The reaction suggests investors are focusing more on the profitability of the next phase of AI growth rather than headline revenue and EPS beats alone.
#Marvell $MRVLB
๐ Marvell reported Q2 FY2027 revenue of $2.739 billion, up 37% YoY and slightly above expectations. Adjusted EPS came in at $0.94, also edging past market forecasts.
๐ค Data Center remained the main growth driver, generating $2.172 billion in revenue, up 46% YoY and accounting for around 79% of total revenue. The company said AI demand remains strong, while custom silicon is expected to accelerate in the second half of FY2027.
๐ Q3 revenue guidance was set at $3.15 billion ยฑ5%, above consensus of roughly $3.04 billion. However, non-GAAP gross margin is expected at 57.5%โ58.5%, down from 58.9% in Q2.
๐ MRVL shares fell around 2%โ2.5% in after-hours trading. The reaction suggests investors are focusing more on the profitability of the next phase of AI growth rather than headline revenue and EPS beats alone.
#Marvell $MRVLB
