Marvell Technology(US:MRVL) Zhi Tong Cai Jing·2025-08-29 14:05Core Viewpoint - Marvell Technology (MRVL.US) experienced a significant drop of over 16% in its stock price, closing at $64.65, due to disappointing earnings guidance that fell short of investor expectations [1] Financial Performance - For Q2, Marvell reported a revenue increase of 58% year-over-year, reaching $2.01 billion, which only met analyst expectations [1] - The data center business revenue grew by 69% year-over-year to $1.49 billion, slightly below the analyst average expectation of $1.51 billion [1] - Adjusted earnings per share were $0.67, also aligning with analyst expectations [1] Earnings Guidance - The company provided a Q3 revenue guidance midpoint of $2.06 billion, which is below the analyst average expectation of $2.11 billion [1] - Analyst Kinngai Chan from Summit Insights indicated that the weak Q3 guidance suggests a decline in Marvell's custom ASIC business, which surprised investors [1]