$MRVL’s latest earnings are a good example of why I pay attention to expectations, not just the headline numbers.
Marvell posted record Q2 revenue of $2.739B, up 37% YoY. Data center revenue reached $2.17B, making up 79% of total revenue, while Q3 guidance came in at $3.15B.
AI-related bookings also remain exceptionally strong.
But despite those numbers, $MRVL dropped around 7% after hours. The fundamentals look impressive, yet the market was clearly expecting even more.
That’s the tricky part of AI stocks right now: strong results can still disappoint when the bar is already extremely high. #MRVL #AI
Marvell posted record Q2 revenue of $2.739B, up 37% YoY. Data center revenue reached $2.17B, making up 79% of total revenue, while Q3 guidance came in at $3.15B.
AI-related bookings also remain exceptionally strong.
But despite those numbers, $MRVL dropped around 7% after hours. The fundamentals look impressive, yet the market was clearly expecting even more.
That’s the tricky part of AI stocks right now: strong results can still disappoint when the bar is already extremely high. #MRVL #AI
