Marvell Technology Inc. (NASDAQ: MRVL) reported its second-quarter results with record revenue of $2.006 billion, a 6% sequential increase, and 58% year-over-year growth. The data center end market showed strong momentum, growing 69% year over year. The non-GAAP operating margin increased by 870 basis points to 34.8%, with record non-GAAP earnings per share of $0.67, up 123% year over year. Operating cash flow rose to $462 million. Marvell completed the sale of its automotive Ethernet business for $2.5 billion in an all-cash transaction, allowing for further investment in its data center focus. The company aims to grow its data center market share from 13% to 20% by 2028. Marvell's revenue is expected to reach $2.06 billion in the third quarter, representing a 36% year-over-year growth excluding automotive Ethernet revenue. The company's AI-driven data center end market and recovery in other sectors are expected to drive continued growth. Data center revenue is forecasted to continue a strong mid-30% growth range in the third quarter. Marvell has promoted two leaders to enhance its focus on AI and cloud markets. The company's gross margin was 59.4%, with non-GAAP operating margin at 34.8%. Non-GAAP earnings per diluted share grew by 123% to $0.67, demonstrating significant operating leverage in Marvell's model. Operating cash flow reached $462 million in the second quarter, indicating robust financial performance for the company.