
Marvell Technology Inc (NASDAQ:MRVL) reported Q2 EPS of $0.57, beating the consensus of $0.56. The revenue of $1.517 billion, up 41% Y/Y, missed the consensus of $1.520 billion.
Barclays analyst Blayne Curtis reiterated an Overweight and price target of $60. He did not take much comfort in MRVL's assertion that underlying demand remains intact as he saw a material correction.