Marvell Technology Inc (NASDAQ:MRVL) Stock Falls Over 8% After Q2 Revenue Miss

Marvell Technology Inc (NASDAQ:MRVL) reported its second-quarter fiscal 2026 financial results after market close on Thursday, August 28, 2025. The semiconductor company, which specializes in data infrastructure chips, delivered earnings per share (EPS) of $0.67, narrowly beating the consensus estimate of $0.6682. However, revenue came in at $2.006 billion, falling short of the $2.049 billion analysts had projected.

The market’s reaction was swift and negative. In after-hours trading, the stock declined by more than 8%, reflecting investor disappointment with the top-line performance. This drop stands in contrast to the stock’s modest gains over the past week and slight declines over the past two weeks and month, suggesting that the earnings release served as a significant catalyst.

Key elements from the earnings release include:

• The company highlighted its role as a leader in data infrastructure semiconductor solutions, though specific commentary on segment performance or customer demand was not detailed in the provided press release summary.
• No explicit forward guidance was included in the available summary, making it difficult to assess whether management’s expectations align with or diverge from analyst projections for upcoming periods.

Looking ahead, analysts currently estimate Q3 2026 revenue of $2.157 billion and full-year 2026 revenue of $8.407 billion. The absence of an official outlook from Marvell in the press materials means investors are largely relying on these external estimates to gauge future performance. The lack of confirmation or upward revision from the company may have contributed to the negative after-hours sentiment, particularly in a market that has been sensitive to guidance in the semiconductor sector.

The earnings miss on revenue appears to be the primary driver behind the stock’s decline, especially in the context of heightened expectations around artificial intelligence and data center demand. Recent news headlines had pointed to optimism ahead of the report, partly fueled by peer Nvidia’s strong results, which may have set a high bar for Marvell.

For a deeper look into Marvell’s historical earnings, estimates, and future projections, you can review detailed data here.

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