Marvell Technology Forecasts Q2 Revenue Above Estimates

Marvell Technology expects second quarter revenue of 2.70 billion dollars on AI chip demand. The outlook tops analyst estimates of 2.60 billion dollars.

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MARVELL TECHNOLOGY INC expects second-quarter revenue of $2.70 billion, exceeding the $2.60 billion average estimate from LSEG data. The forecast represents a 3.8% beat against market expectations for the period ending in July. Strong demand for AI data center networking and custom silicon chips continues to drive Marvell's growth trajectory.

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