Marvell shares tumble 8% as outlook underwhelms despite 37% revenue growth

Marvell Technology’s stock fell 8% in premarket trading following the release of its second-quarter financial results and updated guidance, despite the chipmaker posting stronger-than-expected revenue and raising its outlook for fiscal 2028. The decline reflected investor disappointment that the company’s raised guidance did not fully meet the elevated expectations that had built up ahead of the earnings announcement.
The chipmaker reported second-quarter revenue of $2.7 billion, re