What happened
Marvell Technology shares fell 6% on Friday, August 28, 2026, despite the company reporting a second-quarter revenue beat. The decline came as the company's fiscal 2028 outlook failed to meet investors' expectations.
The company's revenue grew 37% year over year, but the forward guidance overshadowed the strong quarterly performance. Investors reacted negatively to the outlook, sending the stock down.
Why it matters
The stock drop underscores the importance of forward guidance in technology investing. Even with a revenue beat, a disappointing outlook can trigger a sell-off. Marvell's fiscal 2028 projections were seen as underwhelming, leading to the decline.