Marvell Beats Estimates, Guides 50% Growth, Stock Falls 6%

Earnings Impact 4
โดย 24/7 Wall St.·US·Read original
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Marvell Technology reported second-quarter fiscal 2027 results that beat on revenue and earnings, guided the current quarter to roughly 50% year-over-year growth, and raised its outlook for both this fiscal year and next, yet shares fell about 6% in after-hours trading. The company posted Q2 revenue of $2.739 billion, up 36.5% year over year, with non-GAAP EPS of $0.94, and data center revenue, which accounts for 79% of total revenue, grew 46% year over year. Q3 guidance came in at $3.15 billion plus or minus 5%, with non-GAAP EPS of $1.10 plus or minus $0.05. Management also raised the FY27 and FY28 revenue outlooks, with CEO Matt Murphy citing exceptionally robust AI-related bookings. The stock had run up 184.54% year to date and 38.39% over the past month into the print, and Marvell has beaten consensus six of the last seven quarters yet averaged a negative 2% earnings-day return, highlighting that a 60x forward PE prices in perfection. The expanded Google custom silicon partnership, including a warrant for up to 7% of shares, has its bigger payoff expected in FY29, making this a longer-duration bet on hyperscaler capex with significant customer concentration.

Impact on stocks 3

Artificial Intelligence▼ · 3 stocks
Marvell Technology Group Ltd
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Despite beating estimates and raising guidance, shares fell 6% after hours due to high valuation and longer-duration payoff.

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