Marvell Technology, Inc.
Reported: 2026-03-07
Marvell Technology Inc. reported record fourth-quarter revenue of $2.219 billion, driven by strong demand in the data center sector, and significantly raised its fiscal 2027 revenue outlook to nearly $11 billion.
Key takeaways
- Fourth-quarter revenue increased 7% sequentially and 42% year-over-year, with data center revenue surpassing $6 billion.
- Non-GAAP EPS of $0.80 exceeded guidance by $0.01, reflecting operational strength and effective cost management.
- Strong bookings in the data center portfolio forecasted an 8% sequential revenue growth in Q1 FY27, with expectations for continuous growth exceeding $3 billion by Q4 FY27.
- Recent acquisitions of Celestial AI and XConn are expected to bolster technology capabilities, with significant contributions anticipated in FY28.
- Fiscal 2027 revenue growth projected at over 30%, driven primarily by the data center business, with interconnect revenue expected to grow more than 50% year-over-year.
