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Marvell Technology shares are trading lower after the company's Q2 financial results. The company's FY28 guidance may have been below investor expectations.

Aug 28, 2026, 5:48 PMBenzinga Newsdesk
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MRVL
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benzinga
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Aug 28, 2026, 5:48 PM
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Aug 28, 2026, 5:48 PM
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  1. Aug 28, 2026, 9:09 PMJosh Kohn-Lindquist

    Stock Market Today, Aug. 28: Marvell Slides 10% on Softer Fiscal 2028 Guidance and Google Deal Timing

    Marvell Technology stock fell 10.28% despite beating Q2 earnings estimates with 37% sales growth and 50% EPS growth. The decline was driven by investor disappointment over softer fiscal 2028 guidance and lack of details on the Google partnership deal. The stock trades at a lofty 53x forward earnings valuation, and analysts expect more clarity at the company's October Investor Day.

    Read original at the-motley-fool
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