{
  "id": 5022789,
  "title": "Marvell Stock Set Several New Records in Q2. What It Will Take for MRVL to Hit New Highs.",
  "url": "https://urgent.news/2026/08/31/marvell-stock-set-several-new-records-in-q2-what-it-will-take-for",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T18:05:12.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/marvell-stock-set-several-records-180512629.html"
  },
  "original_language": "en",
  "account": "Marvell Technology (MRVL) delivered strong results for the second quarter of 2027, with revenues and earnings both surpassing expectations. The company's custom chip business, which focuses on data center connectivity and AI infrastructure, saw record revenues of $2.74 billion, up 37% from the previous year. Despite this impressive performance, MRVL's stock price has fallen more than 14% since the Aug. 27 results, as investor expectations were not met. A $120 billion custom chip deal with Alphabet (GOOG) (GOOGL) is believed to have contributed to the share price decline, as revenue from the deal will not start flowing until fiscal 2029. Marvell raised its revenue guidance for fiscal 2027 and 2028, anticipating $12 billion and $18 billion, respectively, compared to previous guidance of $11.5 billion and $16.5 billion. The company also revealed that gross margins narrowed to 58.9% in Q2 2027, down from 59.4% in the prior year, due to increased stock-based compensation costs. Despite this, Marvell's earnings per share (EPS) grew by 40.3% to $0.94, exceeding the consensus estimate of $0.93. Analysts currently view Marvell as a 'Strong Buy' with a mean price target of $290.94, representing a potential upside of 37.9% from current levels.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}