Marvell’s 3.26% Rally on $2.77B Volume Surge to 19th Rank as AI-Driven Revenue Hits $2.006B Record

Marvell Technology (NASDAQ: MRVL) surged 3.26% on August 28, 2025, with a trading volume of $2.77 billion, a 225.86% increase from the prior day. The stock ranked 19th in market activity. The company reported record Q2 fiscal 2026 revenue of $2.006 billion, up 58% year-on-year, driven by strong AI demand for custom silicon and electro-optics, alongside recovery in enterprise networking and carrier infrastructure markets. GAAP net income was $194.8 million ($0.22 per diluted share), while non-GAAP net income reached $585.5 million ($0.67 per diluted share).

The firm highlighted over 50 active AI design opportunities across more than 10 customers, signaling sustained growth in its core data infrastructure solutions. Marvell’s Q3 2026 guidance projects $2.060 billion in revenue, with non-GAAP gross margins expected between 59.5% and 60.0%. The outlook reflects the impact of the August 14 divestiture of its Automotive Ethernet business, which management anticipates will streamline operations and enhance profitability. Cash flow from operations totaled $461.6 million in Q2, underscoring robust liquidity.

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