Overview
- Shares closed up 18.35% at $89.57 following the March 5 earnings release.
- Marvell guided Q1 FY27 revenue to about $2.4 billion and outlined a path to roughly $15 billion in FY28 sales.
- Data center revenue hit a record $1.65 billion, supported by accelerating 1.6T bookings and multiple design wins.
- Management expects to supply DCI modules to all five major U.S. hyperscalers this year, anchored by the new COLORZ 1600 1.6 Tbps ZR/ZR+ pluggable and 2nm coherent DSPs with MACsec.
- Goldman Sachs raised its price target to $100 with a neutral rating and flagged expected gross‑margin pressure from a heavier custom‑silicon mix, including estimated quarter‑over‑quarter erosion through 2027.