{"id":437136,"date":"2026-08-28T22:44:54","date_gmt":"2026-08-28T15:44:54","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/marvell-technology-shares-are-down-over-8-after-earnings-details-disappointed-437136\/"},"modified":"2026-08-28T22:44:54","modified_gmt":"2026-08-28T15:44:54","slug":"marvell-technology-shares-are-down-over-8-after-earnings-details-disappointed","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/marvell-technology-shares-are-down-over-8-after-earnings-details-disappointed-437136\/","title":{"rendered":"Marvell Technology shares are down over 8% after earnings details disappointed"},"content":{"rendered":"<div>\n<p class=\"PDq2pG_selectionAnchorContainer\">Marvell Technology reported better-than-expected fiscal second-quarter results after Thursday\u2019s close, but the stock moved sharply lower as investors focused on the timing of future revenue from the company\u2019s recently announced Google AI-chip agreement.<\/p>\n<ul>\n<li>Adjusted EPS: $0.94 versus $0.92 expected\n<\/li>\n<li>Revenue: $2.739 billion versus $2.71 billion expected, up 37% year over year and 13% from the prior quarter\n<\/li>\n<li>Data-center revenue: $2.172 billion, up 46% year over year and 18% quarter over quarter\n<\/li>\n<li>Adjusted gross margin: 58.9%\n<\/li>\n<li>Operating cash flow: $605.5 million\n<\/li>\n<li>Q3 revenue guidance: $3.15 billion, plus or minus 5%\n<\/li>\n<li>Q3 adjusted EPS guidance: $1.10, plus or minus $0.05\n<\/li>\n<li>Q3 adjusted gross-margin guidance: 57.5% to 58.5%\n<\/li>\n<\/ul>\n<p>Marvell also raised its longer-term outlook. The company now expects fiscal 2027 revenue of approximately $12 billion, representing growth of roughly 45%, compared with its previous projection of $11.5 billion. Fiscal 2028 revenue is now expected to reach approximately $18 billion, up from the previous $16.5 billion estimate. Management said AI-related bookings remain exceptionally strong, with custom-chip revenue expected to accelerate during the second half of the current fiscal year.<\/p>\n<p class=\"PDq2pG_selectionAnchorContainer\">Marvell delivered strong results and raised its outlook, but the market wanted a bigger and faster payoff from the Google agreement. The decline looks less like a rejection of Marvell\u2019s AI growth story and more like a reset of extremely elevated expectations.\u00a0<\/p>\n<p class=\"PDq2pG_selectionAnchorContainer\">\n<p class=\"PDq2pG_selectionAnchorContainer\">\n<p class=\"PDq2pG_selectionAnchorContainer\">Technically, the post-earnings decline took the price as low as $219.10 after reaching a session high of $228.88. On the hourly chart, the rebound following the gap lower stalled near the rising 100-hour moving average at $229.66, keeping sellers in control and leading to the subsequent move to the session low.<\/p>\n<p>The decline has so far remained above the rising 200-hour moving average at $214.29. Below that, the 100-day moving average provides another key support level at $211.34.<\/p>\n<p>For buyers to regain greater control, the price must move back above the 100-hour moving average at $229.66. Just above that level is the broken 38.2% retracement of the rally from the February 2026 low to the June 2026 high at $230.70. A sustained move above both levels would provide buyers with some relief and could open the door for a broader rotation to the upside.<\/p>\n<p>Conversely, a break below the 200-hour moving average at $214.29\u2014followed by the 100-day moving average at $211.34\u2014would strengthen the bearish technical bias and give sellers greater control.<\/p>\n<\/p>\n<\/p>\n<p>With the price between those 2 technical levels we can marvel at the response to the technical levels from traders. The reason is that traders can define, and limit the risk against a level that they believe in\/that the market believes in.\u00a0If the price reaction to those technical levels, you can assume that the market believes in the levels. Having said that we are in a neutral area between moving averages and retracement levels.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Marvell Technology reported better-than-expected fiscal second-quarter results after Thursday\u2019s close, but the stock moved sharply lower as investors focused on the timing of future revenue from the company\u2019s recently announced Google AI-chip&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-437136","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=437136"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437136\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=437136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=437136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=437136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}