Marvell Reports Record Q2 Revenue, Raises Outlook on AI Chip Demand

Marvell Technology reported record second-quarter revenue on Friday, August 28, 2026, and raised its financial outlook for the second consecutive quarter, citing robust demand for its artificial intelligence data center chips. The semiconductor company's results beat analyst expectations, though its stock fell in after-hours trading as investors sought a more significant earnings surprise. For the quarter ended July 2026, Marvell posted net revenue of $2.739 billion, a 37% increase from the same period last year. The figure was $39 million above the midpoint of the company's own guidance provided in May.