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Marvell Semiconductor Earnings Surge Amid AI Boom
27 Aug
Summary
- Marvell to report Q2 earnings, expected to grow over 58% year-over-year
- Strong demand for Marvell's custom chips supporting AI in data centers
- Analysts divided on growth outlook, competition in custom ASICs a concern
On August 27, 2025, Marvell Technology (NASDAQ:MRVL) is preparing to release its second-quarter earnings after the market closes. Wall Street analysts are anticipating the semiconductor company to report earnings per share of $0.67 on revenue of around $2.01 billion, indicating a growth of more than 58% compared to the prior year.
Marvell has continued to benefit from the strong demand for its custom chips, which are supporting artificial intelligence workloads in data centers. Earlier this year, the company topped both revenue and profit forecasts and issued upbeat guidance, helping to fuel investor confidence. However, analysts remain divided on the company's outlook.
Morgan Stanley's Joseph Moore expects Marvell to deliver better-than-expected guidance, noting upside potential in optical networking despite adjustments following the divestiture of its automotive business. He estimates that Marvell's AI-related revenue will rise from $876 million in the July quarter to $955 million in the October quarter.
Not all analysts share the same optimism. KGI Securities has warned that increasing competition in the custom ASIC market could put pressure on Marvell's growth trajectory. The stock has underperformed the S&P 500, declining by more than 30% so far in 2025 compared to the broader market's nearly 10% gain.
