CNBC
Marvell shares tumble 8% as outlook underwhelms despite 37% revenue growth
Friday, August 28, 2026
Marvell Technology's stock price declined 8% in premarket trading after the company reported second-quarter revenue that exceeded analyst expectations, but issued a fiscal 2028 outlook that fell short of investor projections. The company reported 37% revenue growth in the quarter. Marvell did not provide additional details on the specific revenue figures or forward guidance numbers in the available information.
Original reporting: https://www.cnbc.com/2026/08/28/marvell-mrvl-q2-earnings-outlook.html