Marvell Technology Q2 Revenue Rises 37% to $2.74 Billion as Data Center Sales Jump 46%, Q3 Guidance Set at $3.15 Billion

Marvell Technology reported second-quarter fiscal 2027 revenue of $2.739 billion, up 37% year over year and $39 million above the midpoint of its own guidance, as surging AI-driven demand lifted data center sales by 46%. Adjusted earnings per share came in at $0.94, up 40% from a year earlier and ahead of the $0.92-$0.93 analyst consensus. GAAP net income was $308 million, or $0.33 per diluted share.

For the third quarter, Marvell guided revenue of $3.15 billion, plus or minus 5%, well above the $3 billion milestone management had previously flagged as a Q3 target. The company also raised its full-year revenue outlook for both fiscal 2027 and fiscal 2028 above prior forecasts, citing broad-based strength across its data center portfolio, particularly in connectivity products and a sharp acceleration in its custom silicon business. CEO Matt Murphy pointed to hyperscaler demand for purpose-built AI inference chips as a key driver.

Marvell said it will hold an investor day on October 6, 2026, to outline its long-term strategy.