MRVL Q2 FY2027 earnings: EPS beat by 0.8%, revenue beat by 0.7%
Marvell Technology reported Q2 FY2027. EPS came in at $0.94 against a $0.93 consensus, beat by 0.8%. Revenue was $2.7B versus $2.7B expected, beat by 0.7%. Gross margin was 53.1%, up 100 bps from last quarter.
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The quarter in numbers
| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $0.94 | $0.93 | beat by 0.8% |
| Revenue | $2.7B | $2.7B | beat by 0.7% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $2.7B | +13.3% | +36.5% |
| Gross profit | $1.5B | +15.5% | +44.0% |
| Operating income | $456.9M | +30.5% | +57.5% |
| Net income | $308.0M | +792.8% | +58.1% |
| Diluted EPS | $0.33 | +754.9% | +50.0% |
| Gross margin: 53.1%. |
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The trend
Revenue is up 36.5% from the same quarter last year. Gross margin sits at 53.1%, a new high for the period charted.
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How it stacks up
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