Marvell Stock Drops as Questions About When Google Deal Will Translate to Revenue Overshadow Strong Guidance
Marvell Technology reported upbeat revenue forecasts for fiscal 2027 and 2028 but saw its shares fall sharply in premarket trading after investors expressed concerns about when the company will realize the potential upside from a large custom-chip agreement with Alphabet’s Google. Management said some Google-related revenue is already included in n…