Marvell Technology reported adjusted earnings of 80 cents per share, slightly above analyst estimates, with revenue rising 28% year-over-year to $2.42 billion. The company's data center segment, driven by AI infrastructure demand, hit a record $1.83 billion in revenue, growing 27% annually. CEO Matt Murphy highlighted strong bookings and expects accelerating revenue growth through 2027 and 2028, projecting fiscal 2027 revenue to reach $11.5 billion and fiscal 2028 to $16.5 billion. Despite a slight premarket stock dip, Marvell's long-term outlook remains robust, fueled by AI and data center infrastructure demand.
US stock futures fell following US strikes on Iranian drone sites near the Strait of Hormuz, heightening Middle East tensions. Major indices showed slight declines, with the Russell 2000 small-cap index down. Earnings reports drew attention: Snowflak...
Salesforce, Snowflake, Marvell, and HP are set to report earnings, providing a broad view of AI demand across enterprise software, data cloud, custom silicon, and PCs. Investors are watching for signs that AI-related products and services are driving...
Marvell Technology Group reported Q1 fiscal 2027 revenue of $2.42 billion, surpassing analyst estimates and marking a 28% year-over-year increase. The chipmaker's adjusted EPS was $0.80, slightly above expectations, with record operating cash flow of...
Marvell Technology is expected to announce significant earnings growth on May 27, 2026, with EPS forecasted at $0.80 and revenue around $2.41 billion, up from $0.62 EPS and $1.90 billion revenue last year. The company's stock has surged over 140% thi...
Marvell Technology's stock has surged this year due to growing enthusiasm for its optical connectivity and custom chip businesses. Analysts, including those from J.P. Morgan, expect the company to report strong fiscal first-quarter earnings, reflecti...
