Marvell Raises Fiscal 2027, 2028 Revenue Outlook, Sees Q2 Revenue at $2.7 Billion
Marvell reported record fiscal first-quarter revenue of $2.418 billion, up 28% from a year earlier, and non-GAAP diluted earnings of $0.80 a share. The company guided second-quarter revenue to about $2.7 billion at the midpoint, representing 35% year-over-year growth, and said it is raising its revenue outlook for fiscal 2027 and fiscal 2028.
Chief Executive Officer Matt Murphy said the higher outlook reflects exceptional AI-related bookings and continued strength in Marvell’s data center business. He cited demand across products including 800G and 1.6T scale-out optics, 51.2T Ethernet switches, datacenter interconnect modules and custom XPU and XPU-attach solutions, and said revenue growth should accelerate each quarter through fiscal 2027.
From the sources (6 posts)
@alphasenseinc$MRVL Earnings: - Q1 Net Revenue: $2.418 billion, a new record, grew by 28% year-on-year - Q1 Gross Margin: 52.1% GAAP gross margin; 58.9% non-GAAP gross margin - Q1 Diluted income per share: $0.04 GAAP diluted income per share; $0.80 non-
@wallstengine$MRVL Q1’27 EARNINGS HIGHLIGHTS 🔹 Revenue: $2.42B (Est. $2.40B) 🟢; +28% YoY 🔹 Adj. EPS: $0.80 (Est. $0.79) 🟢 🔹 Gross Margin: 52.1% 🔹 Operating Cash Flow: $638.8M, record high 🔹 AI Bookings: “Exceptional AI-related bookings” Q2 Guide: 🔹 Re
@stockmktnewzMarvell $MRVL stock is up by 8% in after hours following its earnings 🟢🟢🟢🟢🟢🟢🟢🟢
@stocksavvyshay$MRVL Q1 EARNINGS • Revenue $2.42B vs Est. $2.41B • EPS $0.80 vs Est. $0.79 • Operating Income $847M vs Est. $841M • Gross Margin 59% vs. Est 59% Q2 Guidance • Revenue $2.7B vs Est. $2.6B • EPS $0.93 vs Est. $0.90 • Operating Income $986M
@thetranscript_Marvell CEO: "We are seeing exceptional AI-related bookings, and as a result, we are significantly raising Marvell’s revenue outlook for both fiscal 2027 and fiscal 2028 compared with the guidance we provided last quarter." $MRVL: +6% AH h
@thetranscript_$MRVL Marvell CEO: "Marvell delivered record Q1 FY 27 revenue of $2.4B, up 28% Y/Y, and guided Q2 revenue to $2.7B at the mid-point, representing 35% Y/Y growth. We expect revenue growth to continue accelerating each quarter throughout FY 2