Marvell (MRVL) Reports Record Q2 Revenue in Fiscal Year 2027
Marvell Technology Group reported record revenue for the second quarter of fiscal year 2027, reaching $2.739 billion — a 13% sequential and 37% annual increase. The company exceeded both its revenue guidance midpoint and non-GAAP earnings per share expectations at $0.94. The call highlighted leadership transitions: CFO Willem Meintjes stepped down in June, succeeded by Dan Durn; IR leader Ashish Saran will retire next year, replaced by Ross Seymore from Deutsche Bank. These changes aim to support Marvell’s ongoing transformation and growth strategy as it enters a new phase of expansion. Marvell also raised its revenue outlook for the remainder of fiscal 2027, forecasting double-digit sequential growth in Q3 and Q4.
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