04:28 PM EDT, 08/29/2024 (MT Newswires) -- Marvell Technology ( MRVL ) late Thursday reported fiscal Q2 non-GAAP net income of $0.30 per diluted share, compared with $0.33 a year earlier.

Analysts polled by Capital IQ expected $0.29.

Revenue for the quarter ended Aug. 3 was $1.27 billion, compared with $1.34 billion a year earlier.

Analysts expected $1.25 billion.

For Q3, Marvell ( MRVL ) is projecting non-GAAP EPS of $0.35 to $0.45 on revenue of $1.45 billion, plus or minus 5%.

Analysts polled by Capital IQ are looking for $0.38 and $1.41 billion, respectively.

The stock was advancing over 5% in extended trading.

Price: 73.70, Change: +3.86, Percent Change: +5.53