- Marvell Technology Inc
- 06 March 2026 09:24:21
Source: Sharecast
Marvell, reporting its fourth-quarter results after markets closed on Thursday, reported record quarterly revenues of $2.22bn for the three months to 31 January, some $19m above the midpoint of company guidance and 22% ahead of the year before.
That pushed full-year sales to $8.20bn, also a new record and 42% higher than the previous year, driven by "robust" demand in the AI space, according to chair and chief executive Matt Murphy.
Adjusted earnings per share rose to $0.80, ahead sequentially of the preceding two quarters and 1 cent above consensus forecasts.
“We expect year-over-year revenue growth to accelerate each quarter in fiscal 2027, driven by continued strength in our data center business, with bookings continuing to grow at a record pace," Murphy said.
"In addition to our strong results and outlook, our design wins in fiscal 2026 hit an all-time record, which we expect will continue to fuel our future growth."
For the first quarter, net revenues are expected to be around $2.40bn, give or take 5%, with full-year revenues now predicted to jump 30% year-on-year to $11.0bn, up from previous guidance of $10.0bn.
By 0901 GMT, Marvell Technology futures were up 14.1% at $86.34.