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Does Marvell Technology’s 3% Pop After Q1 Earnings Make Sense?
Analysts expect $0.79 a share and $2.41 billion in revenue as Marvell’s AI data center business drives stronger guidance.
- Marvell Technology reported record first-quarter revenue of $2.418 billion on Wednesday, reflecting 28% year-over-year growth and prompting management to raise its fiscal 2027 outlook to nearly $11.5 billion.
- Strong AI-related bookings across data center infrastructure drive this performance, with the data center market contributing 76% of total revenue as interconnect and switching products accelerate.
- Marvell posted adjusted earnings per share of $0.80, beating guidance by $0.01, while the company forecasts data center revenue growth to accelerate to approximately 50% in fiscal 2027.
- Shares of Marvell rose 6.1% to close at $208.26 on Tuesday, reflecting investor optimism ahead of Wednesday's first-quarter earnings announcement.
- Chairman and CEO Matt Murphy will deliver a keynote at COMPUTEX 2026 on June 2, as the company targets fiscal 2028 revenue of approximately $16.5 billion.
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Marvell Technology Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Ac
Marvell Technology, Inc. (NASDAQ:MRVL) will release earnings for its first quarter after the closing bell on Wednesday, May 27. Analysts expect the Wilmington, Delaware-based company to report quarterly earnings of 79 cents per share, up from 62 cents per share in the year-ago period. The consensus estimate for Marvell Technology's quarterly revenue is $2.41 billion (it reported $1.9 billion last year), according to Benzinga Pro. On April 22, Ma…
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Total News Sources12
Leaning Left2Leaning Right1Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
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