Overview
- Marvell reported Q4 revenue of about $2.22 billion and non‑GAAP EPS of $0.80, with full‑year fiscal 2026 revenue at $8.195 billion and non‑GAAP EPS at $2.84.
- Q1 fiscal 2027 guidance called for roughly $2.4 billion in revenue, and the company said year‑over‑year growth should accelerate each quarter next year on record design wins.
- Data center drove the quarter at roughly 74% of sales (about $1.65 billion), with custom silicon already near $1.5 billion and interconnect ramps in 1.6T and 800G; management forecast data‑center switching revenue to exceed $600 million in FY2027.
- Marvell said recent acquisitions of Celestial AI ($3.25 billion) and XConn ($540 million) will speed its optical interconnect and scale‑up networking roadmap into the FY2028 timeframe.
- Shares jumped roughly 16%–18% after the print as analysts raised targets, including a Bank of America upgrade to Buy with a $110 target, while coverage continued to flag hyperscaler concentration as a key risk.