#MarvellFallsOver5%AfterHours
š MARVELL SHARES DROP 7.8% AFTER EARNINGS DESPITE STRONG AI GROWTH!
$MRVL closed at $241.45 before falling to around $222.58 in after-hours trading.
š Q2 FY2027:
š° Revenue: $2.739B, +37% YoY
š Adjusted EPS: $0.94 vs. ~$0.93 expected
š¤ Data Center Revenue: $2.172B, +46% YoY
š Q3 Revenue Guidance: ~$3.15B Ā±5%
š„ Marvell also raised its long-term revenue outlook to around $12B for FY2027 and $18B for FY2028.
ā ļø Why did $MRVL fall?
The earnings beat was relatively small, while Q3 gross-margin guidance fell to 57.5%ā58.5% from 58.9%. Investors appear focused on whether stronger AI growth can translate into higher margins and earnings.
#MRVL #AI #Semiconductors #stocks
š MARVELL SHARES DROP 7.8% AFTER EARNINGS DESPITE STRONG AI GROWTH!
$MRVL closed at $241.45 before falling to around $222.58 in after-hours trading.
š Q2 FY2027:
š° Revenue: $2.739B, +37% YoY
š Adjusted EPS: $0.94 vs. ~$0.93 expected
š¤ Data Center Revenue: $2.172B, +46% YoY
š Q3 Revenue Guidance: ~$3.15B Ā±5%
š„ Marvell also raised its long-term revenue outlook to around $12B for FY2027 and $18B for FY2028.
ā ļø Why did $MRVL fall?
The earnings beat was relatively small, while Q3 gross-margin guidance fell to 57.5%ā58.5% from 58.9%. Investors appear focused on whether stronger AI growth can translate into higher margins and earnings.
#MRVL #AI #Semiconductors #stocks
