Marvell shares fall 8% as fiscal 2028 outlook disappoints despite strong revenue growth
Source Summary
Marvell Technology shares declined 8% in premarket trading following the company's second-quarter earnings announcement. The company beat revenue expectations in the quarter but issued a fiscal 2028 outlook that fell short of investor expectations.
Why it matters
Forward guidance is a key driver of stock valuations, and a disappointing outlook can override positive current-quarter results in investor sentiment.
