Marvell Technology reported record Q2 fiscal 2027 revenue of $2.74 billion, a 37% year-over-year increase. The data center segment generated $2.17 billion, representing 46% growth year-over-year and nearly 80% of total revenue. Non-GAAP earnings per share came in at $0.94, up from $0.67 a year earlier. The company guided for Q3 revenue of approximately $3.15 billion and raised its full-year revenue outlook for fiscal 2027 and fiscal 2028. Marvell recently acquired Celestial AI and XConn to strengthen its optical interconnect and chiplet connectivity capabilities, while leveraging its partnership with NVIDIA in the AI computing space.
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