Marvell Technology, Inc. posted record second-quarter fiscal 2027 revenue of $2.739 billion and said it is lifting its revenue outlook for fiscal 2027 and fiscal 2028, a fresh sign that demand tied to AI infrastructure is still feeding through the business.
The numbers landed with unusual force: revenue was up 37% from a year earlier, while the Data Center portfolio grew 46%, and Matt Murphy said AI-related bookings remain exceptionally robust. He also said Marvell expects revenue growth to accelerate further through the rest of fiscal 2027.
For investors searching MRVL earnings, the headline is clear. Marvell said the quarter beat the midpoint of its May 27 guidance by $39.0 million, with GAAP net income of $308.0 million, or $0.33 per diluted share, and non-GAAP net income of $865.9 million, or $0.94 per diluted share. Cash flow from operations came in at $605.5 million. That kind of performance gives the company room to speak more confidently about the next stretch, even if it did not spell out the new revenue targets in the text provided.
Murphy said there is broad-based strength across the Data Center portfolio, with strong demand in Connectivity and a significant acceleration in Custom beginning in the second half of fiscal 2027. He said Marvell is again raising its revenue outlook for both fiscal 2027 and fiscal 2028 compared with the guidance it gave last quarter. The missing numbers matter because they are the part investors will use to test just how much confidence management is willing to attach to the AI cycle.
Marvell said it will discuss the results on Thursday, August 27, 2026 at 1:45 p.m. Pacific Time on a call webcast through Marvell Investor Relations, with a replay available until Thursday, September 3, 2026. Murphy also pointed to Investor Day on October 6th, 2026, where he said the company will lay out its growth drivers and long-term strategy for expanding AI infrastructure. After a quarter like this, the next disclosure may matter less for what it confirms than for how high it pushes expectations from here.
