(PR) Marvell Technology Reports Second Quarter Financial Results With $2.739 Billion Net Revenue

Marvell Technology reported record second quarter fiscal 2027 net revenue of $2.739 billion, a 37% year-over-year increase, with Non-GAAP net income reaching $865.9 million. Simultaneously, HP Inc. announced fiscal 2026 third quarter net revenue of $15.7 billion, representing a 12.5% increase from the previous year. HP Inc. attributed its growth to premium product sales and innovations in AI PCs, WXP, and Print, while Marvell exceeded its guidance mid-point by $39.0 million during the period.