Marvell Technology released its second-quarter earnings report after market close on August 27 ET. Revenue was $2.74 billion, a 37% year-over-year increase, and adjusted EPS was $0.94, both slightly exceeding analyst expectations. The company anticipates third-quarter revenue to be approximately $3.15 billion, significantly higher than analysts' previous forecasts of $3.03 billion to $3.04 billion; the adjusted EPS guidance is $1.10, also above market expectations. Despite the strong performance, the company's stock price initially fell by about 1.7% in after-hours trading before slightly turning positive, as market expectations for AI beneficiary stocks had already been substantially elevated.