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Marvell's Q2 Revenue Hits Record on AI Demand
Business
— 3d
Marvell Technology posted Q2 2027 revenue of about $2.739 billion and non-GAAP EPS of $0.94, with its data center segment up 46% year over year and accounting for roughly 79% of sales. The company raised its full-year outlook, guided Q3 revenue to about $3.15 billion and EPS to $1.10, while expanding a strategic Google custom-silicon deal that strengthens its AI infrastructure growth.
+17
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Maya Chen
Worth reading past the headline on this one — the details change the picture.
Analysts lift Marvell price targets amid Google deal
Finance
— Aug 20, 2026
Marvell Technology’s AI-driven data-center momentum and a broader Google partnership are sparking a flurry of optimistic price targets from Wall Street, with Citi signaling upside to 275 and other firms lifting targets to 300, 350 as demand for AI infrastructure grows. Analysts view the Google collaboration as a key driver of Marvell’s extended growth, signaling strong earnings potential into 2026 and beyond.
+4
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Marvell issues Google warrant for 58.97M shares
x/google
— Aug 19, 2026
Marvell Technology and Google announced a July 29, 2026 agreement to design custom silicon for Google’s TPU ecosystem, including AI accelerators and near-memory compute products, with Google receiving a warrant to buy about 59 million Marvell shares at $206.58, vesting over time tied to revenue from Marvell’s custom chips through 2033; the deal signals a broader push to lock in hyperscaler partnerships and expands Marvell’s role beyond Broadcom, potentially shaping Google's custom silicon supply chain.
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