Marvell Stock Slips After Q2 Earnings Report: Here's Why
1. MRVL reported Q2 earnings of 67 cents, exceeding expectations. 2. Quarterly revenue was $2.006 billion, missing the forecast by $3 million. 3. Record revenue reflects 58% growth YoY, fueled by strong AI demand. 4. Outlook for Q3 points to earnings of 69-79 cents per share. 5. MRVL stock dropped 7.81% to $71.20 in after-hours trading.