Marvell to Report Q2 2027 Results: Google Contract Impact Expected in Future Guidance
Marvell Technology (NASDAQ:MRVL) is set to report its fiscal second-quarter 2027 results on August 27, with the conference call scheduled for later that day. The chipmaker recently announced an expanded custom chip agreement with Alphabet's Google and a warrant potentially giving Google up to 7% ownership in Marvell. While investors may expect immediate financial impact from this deal, most of its revenue will not appear in Thursday’s report due to timing constraints. The contract was signed on July 29 — within the current quarter being reported but with nearly all associated revenue expected over a longer period starting after August 1, 2026. The custom silicon development for Google's TPU ecosystem is still early-stage and will not significantly affect near-term financials. Instead, any meaningful impact from this agreement may first appear in Marvell’s future guidance during the earnings call. Marvell has guided to Q2 revenue of $2.7 billion (±5%) with GAAP EPS at $0.37 and non-GAAP EPS at $0.93 (±$0.05). The data center segment, which accounts for most of Marvell’s sales, will be a key focus as it drives the company's growth trajectory.
Topics: custom chip agreement Google contract impact Marvell earnings