Marvell Lifts Long-Term Targets as AI Demand Boosts Second-Quarter Profit, Revenue — Live Feedhttps://www.live-feeds.com/feed/marvell-lifts-long-term-targets-as-ai-demand-boosts-second-quarter-profit-revenueContinuously updated, source-cited coverage. Marvell Shares Drop Despite Record Q2 Revenue and AI Growthhttps://www.live-feeds.com/feed/marvell-lifts-long-term-targets-as-ai-demand-boosts-second-quarter-profit-revenuehttps://www.live-feeds.com/feed/marvell-lifts-long-term-targets-as-ai-demand-boosts-second-quarter-profit-revenue#u51458Sat, 29 Aug 2026 07:40:52 +0000Marvell Technology shares fell 8% in premarket trading after its fiscal 2028 outlook failed to meet investor expectations. Despite the stock dip, the company reported record second-quarter fiscal 2027 revenue of $2.739 billion, representing a 37% increase from the previous year. Marvell raised its full-year fiscal 2027 revenue guidance to approximately $12 billion, citing accelerated growth in AI data center products, specifically custom silicon, switching, and interconnect technologies. CEO Matt Murphy attributed the revenue gains to rising demand for data-center connectivity.Why it mattersTh