Marvell Forecasts Q2 Revenue Above Estimates on AI Demand
Marvell Technology expects second-quarter revenue of $2.70 billion, beating estimates. First-quarter revenue rose 28% amid higher cloud infrastructure spending.
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MARVELL TECHNOLOGY INC expects second-quarter revenue of $2.70 billion, compared with the analysts average estimate of $2.60 billion on surging AI infrastructure demand. Shares rose 6% in evening trading following the announcement in the United States. Custom silicon demand is accelerating as hyperscalers seek cheaper alternatives to high-cost hardware from NVIDIA CORP.
