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28.08.26 - 04:06
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Marvell raises its outlook twice in two quarters as custom silicon, scale-up optics broaden (Digitimes)
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Marvell Technology used its second-quarter fiscal 2027 earnings call on August 27 to lift its revenue outlook for a second consecutive quarter, and the composition of the raise says more about the AI infrastructure cycle than the headline number does. Management now expects fiscal 2027 revenue of roughly US$12 billion, up from approximately US$11.5 billion a quarter ago, and fiscal 2028 revenue of approximately US$18 billion, up US$1.5 billion from the US$16.5 billion guided three months earlier. Growth is accelerating off a larger base: fiscal 2028 is now guided at about 50% growth, up from roughly 45% previously....
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28.08.26 - 02:42
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Marvell revenue climbs 37% to a record US$2.74 billion on data center demand (Digitimes)
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Marvell Technology's second quarter of fiscal 2027 was the point at which its data center business stopped being the growth engine attached to a diversified infrastructure chipmaker and became substantially the whole company. Revenue for the three months ended August 1, 2026, reached a record US$2.74 billion, up 37% from a year earlier, with the data center end market contributing US$2.17 billion, or 79% of the total, against 74% a year ago. Everything else - the carrier, enterprise networking, consumer, and automotive businesses grouped as communications and other - grew 10% and shrank as a share of the company....
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27.08.26 - 23:00
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Marvell Technology, Inc. Bottom Line Climbs In Q2 (AFX)
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WASHINGTON (dpa-AFX) - Marvell Technology, Inc. (MRVL) revealed a profit for its second quarter that Increases, from last yearThe company's earnings totaled $308.0 million, or $0.33 per share. Thi......
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27.08.26 - 22:06
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Marvell Technology, Inc. Reports Second Quarter of Fiscal Year 2027 Financial Results (Business Wire)
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Q2 Net Revenue: $2.739 billion, a new record, grew by 37% year-on-year
Q2 Gross Margin: 53.1% GAAP gross margin; 58.9% non-GAAP gross margin
Q2 Diluted income per share: $0.33 GAAP diluted income per share; $0.94 non-GAAP diluted income per share
SANTA CLARA, Calif.--(BUSINESS WIRE)--Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the second quarter of fiscal year 2027.
Net revenue for the second quarter of fiscal 2027 was $2.739 billion, $39.0 million above the mid-point of the Company's guidance provided on May 27, 2026.
GAAP net income for the second quarter of fiscal 2027 was $308.0 million, or $0.33 per diluted share. Non-GAAP net income for the second quarter of fiscal 2027 was $865.9 million, or $0.94 per diluted share. Cash flow from operations for the second quarter was $605.5 million.
“Marvell delivered record second-quarter fiscal 2027 revenue of $2.739 billion, up 37% year over year, driven by continued s...
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