Marvell Technology records $2.739 billion revenue in Q2

• Marvell Technology reported record fiscal 2027 second-quarter revenue of $2.739 billion, up 37% year over year.
• GAAP diluted earnings per share were $0.33, while non-GAAP diluted earnings per share reached $0.94.
• Revenue exceeded the midpoint of the company’s guidance by $39 million, with operating cash flow reaching $605.5 million.

Marvell Technology (NASDAQ:MRVL) reported record fiscal 2027 second-quarter net revenue of $2.739 billion, up 37% year over year and $39 million above the midpoint of its previous guidance.

The company reported GAAP gross margin of 53.1% and non-GAAP gross margin of 58.9% during the quarter, while GAAP diluted earnings per share reached $0.33.

GAAP net income reached $308 million, or $0.33 per diluted share, while non-GAAP net income was $865.9 million, or $0.94 per diluted share, and operating cash flow totaled $605.5 million.

Marvell Technology develops semiconductor solutions used in data infrastructure, with its products supporting communications, computing, networking, and related infrastructure applications.