Marvell Technology reported Q2 fiscal 2027 revenue of $2.739 billion, exceeding guidance by $39 million and marking a 37% year-over-year increase. GAAP net income was $308 million ($0.33 per share), while non-GAAP net income reached $865.9 million ($0.94 per share). CEO Matt Murphy highlighted strong demand in the Data Center portfolio, especially AI-related bookings, and raised the revenue outlook for fiscal 2027 and 2028.

For Q3, the company expects revenue around $3.150 billion, with GAAP gross margin between 52.9% and 53.9%, and non-GAAP gross margin between 57.5% and 58.5%. GAAP operating expenses are projected at approximately $1.015 billion, and non-GAAP operating expenses at $655 million. Diluted EPS is expected to be $0.53 (GAAP) and $1.10 (non-GAAP), plus or minus $0.05.

The company will host an Investor Day on October 6, 2026.