Marvell Q2 Financial report exceeds expectations, AI Data center revenue grows by 46%
2026-08-28 05:09:58
According to CoinMeta, the financial report for the second quarter of fiscal year 2026 released by Marvell shows that revenue reached $2.739 billion, a year-on-year increase of 37%, exceeding the previous forecast of $2.7 billion. AI data center revenue increased by 46% year-on-year, reaching approximately $2.17 billion, accounting for 79% of total sales. Despite the strong financial report, Marvell's stock price fell by nearly 3% in after-hours trading. CEO Matt Murphy stated that AI related orders remain strong, and it is expected that revenue in the third quarter will be around $3.15 billion, exceeding Wall Street's forecasts.
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Source:Coinpaper
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