Overview
- Marvell reported fourth-quarter adjusted EPS of $0.80 on record revenue of $2.22 billion, topping forecasts.
- Data-center sales reached $1.65 billion and made up 74% of total revenue, reflecting strong AI orders.
- Following the results, analysts raised multi-year revenue views to about $11 billion in fiscal 2027 and $15 billion in fiscal 2028.
- Recent acquisitions of Celestial AI and XConn, plus a new Mojo Vision collaboration, aim to speed optical links and high-speed networking for cloud data centers.
- Some investors warn about dependence on a few hyperscalers and rivalry with Broadcom, with Brown Advisory highlighting questions about the scale of Amazon and Microsoft deployments.