Marvell Technology, Inc. (MRVL) reported fiscal 2026 fourth‑quarter revenue of $2.219 billion, up 22% year‑over‑year, and adjusted earnings of $0.80 per share, surpassing the consensus estimate of $0.79. The beat was driven by strong demand in the data‑center segment, which accounted for roughly 74% of total revenue.
The data‑center segment generated $1.65 billion, a 21% increase, reflecting robust bookings from hyperscalers. Other segments, including Communications and Other, grew 26% year‑over‑year, contributing to overall growth and underscoring the company’s diversified portfolio.
Non‑GAAP gross margin contracted to 59.0% from 60.0% year‑over‑year, a 1,010‑basis‑point decline driven by cost inflation and a shift toward lower‑margin legacy products. Operating margin expanded to 35.7% from 33.7%, reflecting operational leverage and cost discipline that offset the margin compression.
Management raised Q1 FY2027 revenue guidance to $2.40 billion, above the consensus estimate of $2.28 billion, and adjusted EPS guidance to a range of $0.79 to $0.84, signaling confidence in continued AI‑driven demand. The company reiterated its outlook for sustained growth in the data‑center business, citing record bookings.
Full‑year 2026 revenue reached a record $8.195 billion, up 42% year‑over‑year, driven by the data‑center segment. Management highlighted the impact of recent acquisitions of Celestial AI and XConn Technologies, which are expected to enhance optical interconnect and AI networking capabilities.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.