Reports Q2 revenue $20.1B, consensus $2.01B. “Marvell (MRVL) delivered record revenue of $2.006 billion in the second quarter – a 58% year-over-year increase – and we expect continued growth into the third quarter, accompanied by operating margin and earnings per share expansion,” said Matt Murphy, Marvell’s Chairman and CEO. “Marvell’s growth is being fueled by strong AI demand for our custom silicon and electro-optics products, as well as a significant increase in the pace of recovery in our enterprise networking and carrier infrastructure end markets. Our custom AI design activity is at an all-time high, with the Marvell team now engaged in over 50 new opportunities across more than 10 customers.”
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Source: Marvell reports Q2 adjusted EPS 67c, consensus 67c – TipRanks.com
