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Marvell Q4 2026 Earnings: Revenue Up 22% to $2.2B, AI Data Center Demand Drives Stock 20% Higher

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Marvell Technology logo representing Q4 FY2026 earnings beat and 20% stock surge on AI data center demand

Marvell Technology reported fourth-quarter fiscal 2026 results beating analyst estimates, with revenue of $2.2 billion — up 22% year-over-year — and adjusted EPS of $0.80 against a consensus estimate of $0.79. The company's fiscal 2026 data center revenue surpassed $6 billion, a 46% increase from the previous year, driven by AI chip demand from hyperscalers deploying custom silicon. CEO Matt Murphy issued strong forward guidance, projecting Q1 2027 revenue of $2.4 billion and $14.48 billion for full-year fiscal 2028, sending shares up more than 20% on the day.

Key Takeaways

  • Marvell Q4 FY2026: $2.2B revenue (+22% YoY), adj. EPS $0.80 vs $0.79 estimate; FY2026 data center revenue >$6B (+46% YoY) — results reported March 6, 2026
  • CEO Murphy guided Q1 2027 revenue to $2.4B (+/-5%) vs $2.27B consensus; FY2028 full-year guidance: $14.48B revenue and $5.35 adj. EPS
  • Acquisitions of Celestial AI and XConn Technologies closed last month; expected to add $250M in aggregate revenue for FY2028 — J.P. Morgan reiterated Overweight with $135 price target

Original source: CNBC