Marvell Q2 Earnings Preview: What to Expect From Upcoming Report

This article first appeared on GuruFocus.

Aug 27 - Marvell Technology (NASDAQ:MRVL) is preparing to release second-quarter earnings after the closing bell on Thursday. Wall Street expects earnings per share of $0.67 on revenue of about $2.01 billion, pointing to growth of more than 58% from the prior year.

The specialty semiconductor company continues to benefit from strong demand for its custom chips, which support artificial intelligence workloads in data centers. Earlier this year, Marvell topped both revenue and profit forecasts and issued upbeat guidance, helping fuel investor confidence. Analysts remain divided, however. Meanwhile, Wall Street broadly maintains an Outperform rating on the stock.

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Morgan Stanley's Joseph Moore anticipates Marvell will deliver better-than-expected guidance, noting upside in optical networking despite adjustments following its automotive business divestiture. He estimates AI-related revenue of $876 million for the July quarter, rising to $955 million in the October quarter.

Not all firms share the same optimism. KGI Securities has warned that competition in custom ASICs could pressure Marvell's growth trajectory. The stock is down more than 30% in 2025, underperforming the S&P 500, which has gained nearly 10% year-to-date.