technology
Marvell Technology Shares Rise 6% Ahead of Fiscal Q1 Earnings
Marvell Technology Inc. shares increased more than 6% in pre-market trading on Wednesday. The move follows a similar gain the previous day and comes ahead of the company's fiscal first quarter 2026 earnings report scheduled after the market close.
May 27, 5:45 AM·1m read1 source
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Marvell Technology Inc. (NASDAQ: MRVL) shares jumped 6.17% to $221.12 in pre-market trading on Wednesday. The increase extended a 6.08% gain recorded the prior session as investors positioned ahead of the company's fiscal first quarter 2026 earnings report.
Analysts expect earnings of $0.75 per share and revenue of $2.40 billion for the upcoming quarter. In the previous quarter reported in March, the company posted EPS of $0.80, exceeding estimates of $0.71 by 12.68%, on revenue of $2.22 billion that topped consensus by 2.77%.
The share movement follows the company's continued expansion into AI infrastructure.
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