Update: Marvell Technology Fiscal Q2 Adjusted Earnings, Revenue Rise; Shares Down Pre-Bell
MT newswire2026/08/28 08:44Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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04:44 AM EDT, 08/28/2026 (MT Newswires) -- (Updates with the stock move in the headline and the last paragraph.) Marvell Technology (MRVL) reported fiscal Q2 adjusted earnings late Thursday of $0.94 per diluted share, up from $0.67 a year earlier. Analysts polled by FactSet expected $0.93. Revenue for the three months ended Aug. 1 was $2.74 billion, up from $2.01 billion a year earlier. Analysts expected $2.72 billion. For fiscal Q3, the company expects adjusted EPS of $1.10, plus or minus $0.05, on revenue of $3.15 billion, plus or minus 5%. Analysts expect EPS of $1.08 on revenue of $3.04 billion. Marvell shares were down 7.6% in premarket activity Friday.
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