Marvell reported record fourth quarter revenue of $2.22 billion and non-GAAP EPS of $0.80, slightly beating analyst expectations. For the full fiscal year 2026, revenue grew 42% to a record $8.2 billion, driven by strong demand for its data center solutions. The company provided a strong outlook, expecting growth to accelerate through fiscal 2027.
Key Highlights
- The company reported record fourth quarter revenue of $2.22 billion, representing an increase of 22% year-over-year.
- Data Center segment revenue grew 21% year-over-year to $1.65 billion, now accounting for 74% of total revenue, reflecting robust demand for AI infrastructure.
- Marvell guided for first quarter 2027 revenue of $2.4 billion at the midpoint, implying 8% sequential growth and continued momentum from its data center business.