Marvell Data Center s revenue and financial testing this season dives after all
The third quarter (August-October) forecast by Marvell Technology, Inc., a major Internet IC design manufacturer, was expected to close on Huaer Street, and its stock price should be killed later.
According to foreign news reports such as Reuters, MarketWatch, and Seeking Alpha, Marvell announced its second quarter (May-July) financial report for the 2026 conference year on the 28th: the operating income climbed 57.6% from US$1.2729 billion in the same period last year to US$2.0061 billion in the recorded US$2.0061 billion; the adjusted non-GAAP profit margin per share was US$0.67, higher than US$0.30 in the same period last year; the gross profit margin of Non-GAAP was 59.4%, lower than 61.9% in the same period last year. According to FactSet survey, analysts originally predicted that the company's Q2 revenue and the dilute profit per share of Non-GAAP will reach US$2.01 billion and US$0.67.
(Source: Marvell)
During the period, Marvell Data Center's annual revenue rose 3% to $1.49 billion, with analysts surveyed by the LSEG survey's estimated valuation of $1.51 billion.
Looking ahead to Q3, Marvell predicts that the investment will reach US$2.06 billion (added by 5%), and the gross profit margin of Non-GAAP will be between 59.5 and 60.0%. According to the LSEG survey, the analyst originally predicted that the Q3 business would receive a revenue of US$2.11 billion.
Marvell executive director Matt Murphy said at a financial conference on the 28th that the business related to customized chips has performed well, and the operation in the second half of this year is expected to be better than in the first half of the year as scheduled. However, the custom chip business is not straight-line growth, and it is expected that the Q4 will be significantly stronger than the Q3.
Murphy also pointed out in the financial news that AI customers have strong demand for customized chips and electro-optics products, coupled with the recovery of corporate networks and telecommunications infrastructure, has significantly accelerated, driving Marvell's growth. He said that the customized AI design business is at its historical peak, and the Marvell team has launched more than 50 new projects with more than 10 customers.
Marvell's normal trading rose 3.26% on the 28th and closed at $77.23; it fell sharply after the trading, and fell 10.54% to $69.09 before press time. From the beginning of the year to August 28, Marvell's stock price has plummeted by 30.08%.
