Marvell Technology reported record second-quarter fiscal-2026 revenue of $2.006 billion, a 58% increase from a year earlier, driven by demand for its custom artificial-intelligence silicon and electro-optics products. Non-GAAP diluted earnings per share were $0.67, matching analyst estimates, while GAAP diluted EPS came in at $0.22. The company posted a GAAP gross margin of 50.4% and a non-GAAP margin of 59.4%. Chief Executive Officer Matt Murphy said growth was fueled by more than 50 active AI chip design projects across over 10 customers, alongside faster recovery in enterprise networking and carrier-infrastructure markets. Data-center sales accounted for roughly three-quarters of total revenue, rising 69% year on year to $1.49 billion. For the current quarter ending in November, Marvell projected revenue of about $2.06 billion, plus or minus 5%, and non-GAAP EPS of $0.69 to $0.79. Both midpoint forecasts are broadly in line with Wall Street expectations. The outlook reflects the divestiture of the company’s automotive-Ethernet business completed on Aug. 14. Shares of Marvell fell roughly 9% in post-market trading as investors digested the in-line results and guidance.