Overview
- Marvell posted record Q4 revenue of $2.219 billion and full‑year fiscal 2026 revenue of $8.195 billion, both above expectations.
- Management guided Q1 revenue to about $2.4 billion (±5%) and projected fiscal 2027 sales approaching $11 billion with fiscal 2028 near $15 billion, with growth accelerating each quarter in FY27.
- Data center revenue hit a record $1.65 billion, representing roughly 74% of the quarter, with ramps in 1.6T and 800G interconnects and DCI modules supplied to all five major U.S. hyperscalers.
- The company expects interconnect revenue to grow more than 50% in FY27 and custom silicon to rise over 20% next year and at least double in FY28, supported by acquisitions of Celestial AI (~$3.25B) and XConn (~$540M).
- The stock jumped 11%–18% as analysts raised targets, including upgrades from Bank of America and Benchmark, while management pushed back on concerns about hyperscaler dependence that investors continue to monitor.