Why Marvell Technology Stock Plunged on Friday
Shares of Marvell Technology (NASDAQ: MRVL) took a deep dive on Friday, following the chip designer's release of Q2 2025 earnings. The results were right in line with the consensus analyst projections, but that wasn't enough to impress Marvell's investors. The stock was down 16.1% at noon ET.
Marvell's second-quarter sales soared 58% above the year-ago figure, landing at $2.01 billion. Adjusted earnings more than doubled from $0.30 to $0.67 per diluted share. As mentioned, the results matched Wall Street's average targets and the midpoint of management's guidance. No surprises there.
Looking ahead, however, Marvell's third-quarter revenue guidance fell just short of current analyst expectations. Top-line sales should hold almost exactly steady from the second quarter, representing a slower year-over-year increase of 36%.
Source Fool.com
