Marvell

Marvell Technology reported record Q2 fiscal 2027 revenue of $2.739 billion, up 37% year-over-year, driven by accelerating Data Center segment growth of 46% YoY. GAAP gross margin contracted to 53.1% (58.9% non-GAAP), while GAAP diluted EPS was $0.33 (non-GAAP $0.94). Operating cash flow reached $605.5 million. The company highlighted strong AI-related bookings and significant acceleration in its Custom business starting in H2 fiscal 2027. Management raised full-year guidance for both fiscal 2027 and 2028. For Q3, the company guides revenue of $3.150B (±5%), GAAP gross margin 52.9%–53.9%, and GAAP diluted EPS of $0.53 (±$0.05).