Marvell Slumps on Disappointing Guidance and Google Deal Silence

Marvell Technology's shares dropped 8% in premarket trading on August 28, 2026, after the semiconductor company announced disappointing guidance for the coming quarter.

The company offered up revenue and earnings projections that fell short of investors' expectations, leading to a decline in stock price.

Investors are also seeking more information about Marvell's recent deal with Google, as the terms of the agreement have not been fully disclosed.