Tiger Brokers

Marvell Stock Falls as Big Expectations Outweigh Solid Earnings

Dow Jones
Aug 28

Marvell Technology stock fell in after-hours trading Thursday after the chip designer narrowly beat the market's expectations for its fiscal second quarter.

The company, which both designs custom chips and supplies optical networking technology to connect artificial-intelligence servers, has been a darling of the AI trade in 2026. With that trade stumbling in recent weeks, investors likely wanted a bit more from the results.

Marvell reported adjusted earnings of 94 cents a share for its fiscal second quarter, up from 67 cents a year ago and roughly in line with analysts' consensus estimate of 93 cents, per FactSet. Revenue surged 37% from last year to $2.74. billion, above Wall Street's call for $2.72 billion.

Shares fell 3% in late trading following the report. The stock was up 184% in 2026 ahead of the earnings release.

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