Marvell Q2 FY27 GAAP diluted EPS rises to $0.33; revenue climbs 37% YoY to $2.74 billion
MRVL•Q2 fiscal 2027 results and outlook
Marvell posted Q2 fiscal 2027 net revenue of USD 2.74 billion, up 37% year-on-year, setting a quarterly record.
GAAP net income rose to USD 308 million, with diluted EPS of USD 0.33; non-GAAP net income was USD 865.9 million, EPS USD 0.94.
GAAP gross margin widened to 53.1%; non-GAAP gross margin held at 58.9%.
Data center revenue climbed 46% year-on-year to USD 2.17 billion, while communications and other increased 10% to USD 567.8 million.
Q3 outlook calls for revenue of USD 3.15 billion +/- 5%, with GAAP diluted EPS of USD 0.53 +/- USD 0.05.
