Marvell reported Q2 revenue of $2.74 billion, up 37% year over year, with non-GAAP EPS of $0.94 and data center revenue reaching $2.17 billion. Management raised full-year guidance to roughly $12 billion and fiscal 2028 revenue to $18 billion, implying 45-50% growth driven by 60%+ data center expansion in AI networking and optics. Gross margin held at 53.1% with $960 million in free cash flow, though shares fell over 11% on sell-the-news reaction amid hyperscaler concentration risk.

Company: Marvell Technology, Inc. (MRVL) — Q2 FY2027

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