Marvell CEO Matt Murphy says trust built over a decade with major technology companies helps explain the chipmaker’s roughly 241% share gain over the past year. He says that reputation lets Marvell work across the AI ecosystem, supplying custom silicon to all four major U.S. hyperscalers and optical connectivity products broadly. Murphy describes the company as working with everyone in a competitive market.
Marvell Technology reports 37% fiscal second-quarter revenue growth, but its shares fall 6% as investors judge its raised fiscal 2028 outlook insufficient. Revenue reaches $2.7 billion, $39 million above company guidance, while data center revenue grows 46% year over year. Marvell expects fiscal 2028 revenue of about $18 billion, up from its prior $16.5 billion forecast, and its Google agreement covers products for TPU systems, including AI inference chips, storage controllers, and network interface controllers.
Marvell Technology reports second-quarter earnings and revenue above Wall Street estimates, but its shares fall more than 7% in after-hours trading. Adjusted earnings reach 94 cents per share on $2.74 billion in revenue, up 37% year over year, while third-quarter guidance calls for $3.15 billion in revenue at the midpoint. The company raises its fiscal 2028 revenue forecast to $18 billion and says its expanded Google custom-chip deal will have a more significant impact in fiscal 2029.
