Marvell Technology Posts Record $2.74B Q2 Revenue as AI Data Center Sales Surge 46%

Marvell Technology $MRVL reports record Q2 revenue of $2.739 billion on soaring AI demand. Data center revenue surged 46% year-over-year to $2.17 billion, accounting for nearly 79% of total revenue. Total revenue rose 37% year-over-year from $2.006 billion, while non-GAAP EPS climbed to $0.94 from $0.67. Management guided Q3 revenue to approximately $3.15 billion and raised top-line outlooks for fiscal 2027 and 2028. Recent acquisitions of Celestial AI and XConn expanded optical and chiplet connectivity features alongside its NVIDIA $NVDA partnership. Custom silicon and optical interconnects are officially eating standard enterprise hardware budgets as hyperscalers build out custom AI clusters.