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Marvell Raises Data Center Forecasts After Record Q2 Revenue

Marvell Technology logoMarvell Technology
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Marvell reported record Q2 fiscal 2027 revenue of $2.739 billion, up 37% year over year, with data center sales rising 46% to $2.17 billion and representing 79% of revenue. It raised fiscal 2027 revenue guidance to about $12 billion and fiscal 2028 to about $18 billion, with faster growth for data center business. An expanded hyperscaler deal could total $120 billion over six years, while cash flow from operations slipped as it prepayed roughly $1 billion in supplier capacity.

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