Marvell Technology’s Q2 2026 results matched expectations but Q3 guidance fell slightly short due to a slowdown in hyperscale data center upgrades. Data center revenue made up 74% of Q2 sales, leading to a reorganization of financial reporting. Despite a lull in activity, Marvell remains deeply involved in the AI boom. The stock dropped 16.1% following the earnings release. Looking ahead, Marvell’s revenue is expected to hold steady from Q2, with a year-over-year increase of 36%. The company trades at 27.9 times trailing earnings and is undergoing changes to streamline its financial reporting structure.

Read more at Nasdaq: Why Marvell Technology Stock Plunged on Friday