Marvell (MRVL) Data Center Revenue Surges 46% in Q2 FY2027

As seen on the 24/7 Wall St. homepage on August 27, 2026.

Earnings · 2027 Q2 Matt Murphy CEO
Marvell delivered record second-quarter fiscal 2027 revenue of $2.739 billion, up 37% year over year, driven by continued strong demand across our Data Center portfolio, where revenue growth accelerated to 46% year over year.

Data center growth is accelerating: Murphy's segment is now outrunning the company's overall pace, evidence AI infrastructure budgets are spreading past the biggest chipmakers. For a $211.7 billion company still treated as a second-tier custom silicon play, that gap matters.

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Marvell's data center segment grew 46% year over year in the second quarter of fiscal 2027, meaningfully outpacing the company's overall growth rate.

When a single business unit accelerates faster than the whole, product mix is shifting in its favor and the customers spending there are deepening their commitments.

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For Marvell, long seen as a secondary player in custom silicon, that growth rate is a concrete rebuttal to the narrative. AI infrastructure spending is broadening into specialized networking and compute silicon providers.

Marvell's market capitalization stood at $211.7 billion at the time of the report, so the market has already assigned considerable credit for its AI positioning. Whether that valuation expands depends on the data center momentum holding into the back half of fiscal 2027.

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Mentioned: MRVL

Related Market Updates

MRVL Marvell Technology
Q2 2027
EPS
$0.94
est $0.93 +1.2%
Revenue
$2.74B
est $2.71B +1.2%

Management raised its revenue outlook for both fiscal 2027 and fiscal 2028, guiding next quarter to $3.15 billion as data center revenue jumped 46% year over year and now makes up 79% of the business. An expanded custom silicon deal with Google, including a warrant for up to 7% of shares tied to revenue milestones, ties the AI infrastructure story to a hyperscaler for years.

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Earnings · 2027 Q2 Matt Murphy CEO
AI-related bookings remain exceptionally robust, and we expect our revenue growth to accelerate further through the remainder of fiscal 2027. Given this strength, we are again raising our revenue outlook for both fiscal 2027 and fiscal 2028 compared with the guidance we provided last quarter.

Second straight quarter Marvell has lifted its revenue outlook, and this time the raise covers both fiscal 2027 and fiscal 2028 on custom AI silicon bookings. Guidance that far out moving twice in a row is the signal to track here.

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Earnings · 2027 Q2 Matt Murphy CEO
We are seeing broad-based strength across our Data Center portfolio, including strong demand in Connectivity and a significant acceleration in our Custom business beginning in the second half of fiscal 2027. We look forward to showcasing these growth drivers and sharing Marvell's long-term strategy for enabling the continued expansion of AI infrastructure at our Investor Day on October 6th, 2026.

Murphy just put a date on the custom silicon ramp: the second half of fiscal 2027, with the full roadmap due at the October 6 Investor Day. For a $211.7 billion chipmaker whose bull case rests on winning custom AI accelerator sockets, that timeline is the thing to hold management to.

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