Marvell Technology, Inc. Reports Second Quarter of Fiscal Year 2027 Financial Results

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  "company": {
    "name": "Marvell",
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    "url": "https://investor.marvell.com/news-events/press-releases/detail/1031/marvell-technology-inc-reports-second-quarter-of-fiscal-year-2027-financial-results",
    "title": "Marvell Technology, Inc. Reports Second Quarter of Fiscal Year 2027 Financial Results - Marvell Technology",
    "excerpt": "SANTA CLARA, Calif.--(BUSINESS WIRE)-- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the second quarter of fiscal year 2027. Net revenue for the second quarter of fiscal 2027 was $2.739 billion, $39.0 million above the mid-point of the Company’s guidance provided on May 27, 2026. GAAP net income for the second quarter of fiscal 2027 was $308.0 million, or $0.33 per diluted share. Non-GAAP net income for the second quarter of fiscal 2027 was $865.9 million, or $0.94 per diluted share. Cash flow from operations for the second quarter was $605.5 million. “Marvell delivered record second-quarter fiscal 2027 revenue of $2.739 billion, up 37% year over year, driven by continued strong demand across our Data Center portfolio, where revenue growth accelerated to 46% year over year,” said Matt Murphy, Marvell’s Chairman and CEO. “AI-related bookings remain exceptionally robust, and we expect our revenue growth to accelerate further through the remainder of fiscal 2027. Given this strength, we are again raising our revenue outlook for both fiscal 2027 and fiscal 2028 compared with the guidance we provided last quarter. We are seeing broad-based strength across our Data Center portfolio, including strong demand in Connectivity and a significant acceleration in our Custom business beginning in the...",
    "summary": "Marvell Technology reported net revenue of $2.739 billion for the second quarter of fiscal year 2027, a 37% increase year-over-year.",
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    "published_at": "2026-08-27T20:07:22Z",
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        "state": "California",
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    "article_sentence": "“Marvell delivered record second-quarter fiscal 2027 revenue of $2.739 billion, up 37% year over year, driven by continued strong demand across our Data Center portfolio, where revenue growth accelerated to 46% year over year,” said Matt Murphy, Marvell’s Chairman and CEO.",
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