MRVL ▼ -3.6% - Marvell Technology, Inc. $MRVL GUIDES FY2027 TO ~$12B, FY2028 TO ~$18B On the earnings call, the CEO said the company now expects: - FY2027 revenue: roughly $12B, up approximately 45% year over year - FY2027 data center business: growth of approximately 60% - FY2028 revenue: approximately $18B, up approximately 50% Marvell guided Q3 revenue to $3.15B earlier today, above the $3.034B consensus, and reported Q2 revenue of $2.7393B. Marvell Technology issued strong forward guidance, projecting FY2027 revenue of approximately $12 billion (up roughly 45% year-over-year) and FY2028 revenue of approximately $18 billion (up roughly 50%), with its data center business expected to grow about 60% in FY2027. The company also guided Q3 revenue to $3.15 billion, exceeding the $3.034 billion consensus estimate. Despite the bullish revenue forecasts and beat on near-term guidance, the stock declined 3.6%, suggesting investors may have concerns about margins, execution risks, or market valuations at current levels despite the strong growth outlook. 27-AUG-2026 04:57 PM ET