29/08/2025
Marvell Technology (MRVL) is slumping in premarket trading today at -14% lower [$66.28]
Q2 earnings came in line with expectations at $2.01B; it is Q3 guidance which disappointed slightly! Revenue forecast of $2.06B vs. $2.11B consensus ( +/-5%). Within the revenue figure that was within expectations Data center revenue also slightly missed, coming in at $1.49B vs. $1.52B expected.
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