Marvell shares tumble 6% as outlook underwhelms despite 37% revenue growth

Marvell Technology shares fell on Friday following the release of second-quarter earnings results that included a revenue beat but failed to satisfy investor expectations for future growth guidance. The chipmaker reported that second-quarter revenue increased 37% year-over-year to $2.7 billion, surpassing company guidance by $39 million. The stock declined 6.6% in trading following the announcement.
The company raised its fiscal 2028 revenue outlook, now projecting approximately $18 billion in