Marvell Technology, Inc. (NASDAQ:MRVL) is one of the Trending AI Stocks on Wall Street. Marvell Technologies is set to report its second-quarter fiscal 2026 earnings on Thursday, August 28. Wells Fargo believes that the company will report stable guidance and momentum in its custom silicon business.
The firm has projected revenue of $2.01 billion and non-GAAP earnings per share of $0.67, in line with Wall Street consensus of $2.01 billion and $0.67 per share respectively. Meanwhile, gross margin will likely stay near 59.5%, whereas operating expenses at about $495 million.
Data center revenue, representing more than three-quarters of the company’s total, is anticipated to grow by a mid-single-digit percentage from the previous quarter. Enterprise networking and carrier infrastructure will likely grow at a similar pace.
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One area expected to play a pivotal role in the earnings print is custom silicon. Wells Fargo projects Marvell’s custom silicon revenue to reach $427 million in the quarter, up 12% from the previous period. The segment would make up almost one-third of data center revenue and about 23% of the company’s total.
Investors should also be looking out for optics, with revenue anticipated to expand at a 21% compound annual growth rate between fiscal 2025 and fiscal 2028 on the back of artificial intelligence demand and data center buildouts.
Marvell Technology, Inc. (NASDAQ:MRVL) engages in the development and production of semiconductors, focusing heavily on data centers.
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