Marvell Technology reported fiscal Q2 2027 revenue of $2.739 billion, up 37% year-over-year. The company raised its fiscal 2027 outlook to approximately $12 billion, representing roughly 45% growth, and fiscal 2028 outlook to approximately $18 billion, implying 50% additional growth. The data center segment now accounts for 79% of total revenue, generating $2.17 billion in Q2 alone. Custom AI silicon revenue reached $1.5 billion in fiscal 2026 and is expected to more than double by fiscal 2028. The expanded partnership with Google includes a warrant option allowing the tech giant to acquire up to 7% of Marvell’s outstanding shares.
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