Marvell closed Thursday down 1.30% at $241.93 and then surrendered another 7.09% in the aftermarket to $224.34, on a quarter that beat every line management guides to. Revenue of $2.739 billion was a record, up 37% year over year and 13% sequentially, against consensus near $2.71 billion. Non-GAAP EPS of $0.94 cleared $0.93. Data center revenue reached $2.17 billion, 79% of the total, up 46%. The third-quarter guide of $3.15 billion plus or minus 5% sits roughly 4% above the street, and the $1.10 EPS midpoint clears $1.07. Management raised fiscal 2027 revenue by $500 million to approximately $12 billion and fiscal 2028 by $1.5 billion to approximately $18 billion — the second consecutive $1.5 billion raise to the FY28 number in two quarters. None of that is what the print was about.