Revenue Beat

Marvell Technology’s shares dipped despite beating revenue estimates, as its fiscal 2028 outlook fell short of high investor expectations, amplified by a recent Google partnership. While Marvell reported strong Q2 revenue and projects 50% growth to $18 billion by FY28, investors anticipated even more. The company cited robust AI demand and accelerated data center revenue, but a lack of detailed long-term guidance tempered enthusiasm, despite a significant Google deal.