Marvell Narrows Fiscal Q3 2027 Revenue Guidance Range to Plus or Minus 2%, Maintains Midpoint

• Marvell maintained its fiscal third-quarter 2027 revenue guidance midpoint, narrowing the expected range to ±2% from ±5%.
• Its proposed all-stock acquisition of Lumentum implies an enterprise value of $115 billion.
• The transaction is expected to generate over $1 billion in annual run-rate cost synergies and boost non-GAAP earnings per share in year one post-close.
• The combination is expected to improve long-term revenue growth, non-GAAP gross margin and non-GAAP operating margin.
• Closing is expected in the first half of 2028, subject to shareholder and regulatory approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marvell Technology Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261102374788) on November 02, 2026, and is solely responsible for the information contained therein.