The company said net revenue for fiscal 2027 Q2 (ended August 1, 2026) rose 37% year over year to $2.739 billion. It said data center revenue increased 46% year over year to $2,171.5 million.

1. 01

   The company said net revenue for fiscal 2027 Q2 (ended August 1, 2026) rose 37% year over year to $2.739 billion. It said data center revenue increased 46% year over year to $2,171.5 million.

2. 02

   Marvell said GAAP net income for Q2 was $308.0 million ($0.33 per diluted share), and non-GAAP net income was $865.9 million ($0.94 per diluted share). GAAP gross margin was 53.1%, and non-GAAP gross margin was 58.9%.

3. 03

   The company said cash flow from operations for Q2 was $605.5 million. On a 6-month cumulative basis, proceeds from the issuance of preferred stock of $2,000.0 million and net cash spent on acquisitions of $1,270.9 million were reflected, and cash and cash equivalents at the end of the period were $3,932.8 million.

4. 04

   Marvell said it expects net revenue for fiscal 2027 Q3 to be $3.150 billion +/- 5%. It also said it expects GAAP gross margin of 52.9% to 53.9%, non-GAAP gross margin of 57.5% to 58.5%, and non-GAAP diluted net income per share of $1.10 +/- $0.05.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.