Marvell Technology reported fiscal Q2 2027 revenue of $2.739 billion, up 37% from $2.006 billion a year earlier, with non-GAAP earnings per share rising to $0.94 from $0.67. The results came slightly above the midpoint of the company’s guidance range. Data center revenue increased 46% year over year to $2.17 billion, accounting for roughly 79% of total revenue, as CEO Matt Murphy cited strong AI-related bookings for optical interconnects, Ethernet switches and custom XPU products. Operating cash flow reached $605.5 million, while GAAP earnings per share was $0.33. Marvell guided for fiscal Q3 revenue of approximately $3.15 billion, plus or minus 5%, and non-GAAP EPS of $1.10, plus or minus $0.05. The company also raised its revenue outlook for fiscal 2027 and fiscal 2028. Its AI strategy includes the acquisitions of Celestial AI, an optical interconnect specialist, and XConn, which focuses on chiplet connectivity, as well as a partnership with NVIDIA. Marvell was added to the S&P 500 in mid-2026.