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The chipmaker's data center revenue climbed 46% year over year in the second quarter, and it now expects $3.15 billion in Q3 sales
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Marvell Technology reported second-quarter fiscal 2027 revenue of $2.74 billion Thursday, a company record, and raised its annual outlook for the second consecutive quarter on continued demand for its AI data center chips.
The Santa Clara, Calif.-based semiconductor company forecast third-quarter revenue of $3.15 billion, plus or minus 5%, and adjusted earnings of $1.10 per diluted share, plus or minus five cents, the company said. Analyst expectations heading into the report were $3.03 billion in revenue and $1.07 in adjusted earnings per share, according to Reuters.
