Marvell narrows fiscal Q3 2027 revenue guidance range to ±2%, maintains midpoint
MRVL•Marvell maintained its fiscal third-quarter 2027 revenue guidance midpoint while narrowing the expected range to ±2% from ±5%. Its proposed all-stock acquisition of Lumentum implies a $115 billion enterprise value and is expected to generate more than $1 billion in annual run-rate cost synergies.
1. Guidance and acquisition
Marvell maintained its fiscal third-quarter 2027 revenue guidance midpoint and narrowed the expected range to ±2% from ±5%. Its proposed all-stock acquisition of Lumentum implies an enterprise value of $115 billion. The transaction is expected to generate more than $1 billion in annual run-rate cost synergies and boost non-GAAP earnings per share in the first year after closing; closing is expected in the first half of 2028, subject to shareholder and regulatory approvals.
