Marvell Drops After Earnings — Is Optical Networking Still a Trade?
Marvell beat and still broke. FY27 Q2 revenue +57% year-over-year, above consensus, with Q3 guidance of $3.15bn well ahead — and the stock closed −1.49%, then fell another 8.02% after hours. The problem was price, not the print: up 184% year-to-date, a beat was not enough. Optical names followed it lower after hours despite closing higher on the day, Lumentum +1.82% and Coherent +0.35%, while Broadcom rose 4.49%. Marvell, Broadcom, or the upstream optical module makers?
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