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What to Expect From Marvell Technology’s (MRVL) Q2 FY2026 Earnings Report

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the Trending AI Stocks on Wall Street.  Marvell Technologies is set to report its second-quarter fiscal 2026 earnings on Thursday, August 28. Wells Fargo believes that the company will report stable guidance and momentum in its custom silicon business.

The firm has projected revenue of $2.01 billion and non-GAAP earnings per share of $0.67, in line with Wall Street consensus of $2.01 billion and $0.67 per share respectively. Meanwhile, gross margin will likely stay near 59.5%, whereas operating expenses at about $495 million.

Data center revenue, representing more than three-quarters of the company’s total, is anticipated to grow by a mid-single-digit percentage from the previous quarter. Enterprise networking and carrier infrastructure will likely grow at a similar pace.

Three men discussing a finance report

One area expected to play a pivotal role in the earnings print is custom silicon. Wells Fargo projects Marvell’s custom silicon revenue to reach $427 million in the quarter, up 12% from the previous period. The segment would make up almost one-third of data center revenue and about 23% of the company’s total.

Investors should also be looking out for optics, with revenue anticipated to expand at a 21% compound annual growth rate between fiscal 2025 and fiscal 2028 on the back of artificial intelligence demand and data center buildouts.

Marvell Technology, Inc. (NASDAQ:MRVL) engages in the development and production of semiconductors, focusing heavily on data centers.

While we acknowledge the risk and potential of MRVL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MRVL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Must-Watch AI Stocks for Investors and 10 AI Stocks Hit with New Analyst Ratings

Disclosure: None.

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