Marvell Technology (MRVL) Company Report

Marvell Technology reported Net revenue of $2,218.7 million for Q4 2026, with Data center revenue reaching $1,651.3 million and Communications and other revenue at $567.4 million.
For Q4 2026, the company posted GAAP Net income of $396.1 million and Non-GAAP Net income of $685.1 million, leading to diluted GAAP EPS of $0.46.
Marvell applied a 10.0% non-GAAP tax rate for its Q4 2026 financial results.
During Q4 2026, Marvell repurchased $200.1 million of common stock and distributed $50.8 million in dividends to stockholders.
The company concluded Q4 2026 with $2,638.8 million in cash and cash equivalents.

2 days ago

Presentation

Marvell Technology Reports Record FY26 and Q4 FY26 Financial Performance

MRVL

Earnings

Guidance Update

Revenue Acceleration/Inflection

Marvell Technology achieved record FY26 revenue of $8.195 billion, marking a 42% year-over-year increase, and record non-GAAP EPS of $2.84, an 81% year-over-year increase.
For Q4 FY26, the company reported record revenue of $2.219 billion, up 22% year-over-year and 7% quarter-over-quarter, with data center revenue reaching $1.651 billion, an increase of 21% year-over-year and 9% quarter-over-quarter.
Marvell returned $2.245 billion to stockholders in FY26 through share repurchases and dividends.
The company provided a strong outlook for FY27, with Q1 FY27 revenue forecasted to grow 27% year-over-year and 8% quarter-over-quarter at the guidance midpoint to $2.4 billion, and the FY27 revenue outlook approaching $11 billion with expected >30% year-over-year growth, primarily led by an anticipated ~40% year-over-year growth in data center.

2 days ago

Presentation

Marvell Technology Reports Record Q4 FY2026 Results and Raises FY2027 and FY2028 Outlook

MRVL

Earnings

Guidance Update

M&A

Marvell Technology reported record revenue of $2.219 billion for the fourth quarter of fiscal year 2026, representing 7% sequential growth, and non-GAAP earnings per share of $0.80, both exceeding guidance.
For the full fiscal year 2026, revenue grew 42% year-over-year to $8.195 billion, primarily driven by 46% year-over-year growth in Data Center revenue, which surpassed $6 billion.
The company significantly raised its fiscal year 2027 outlook, now expecting total revenue to grow more than 30% year-over-year, approaching $11 billion, with Data Center revenue projected to grow 40% year-over-year.
Marvell anticipates continued strong growth into fiscal year 2028, with total revenue expected to reach approximately $15 billion (close to 40% year-over-year growth) and non-GAAP EPS projected to be well over $5.
The recently closed acquisitions of Celestial AI and Xconn are expected to contribute approximately $250 million in aggregate revenue in fiscal year 2028.

2 days ago

Transcript

Marvell Technology Reports Record Q4 FY26 Results and Significantly Raises FY27 and FY28 Revenue Outlooks

MRVL

Earnings

Guidance Update

Revenue Acceleration/Inflection

Marvell Technology reported record revenue of $2.219 billion and Non-GAAP earnings per share of $0.80 for Q4 fiscal 2026, contributing to full-year fiscal 2026 revenue of $8.195 billion (up 42% year-over-year) and Non-GAAP EPS of $2.84 (up 81% year-over-year).
The company significantly raised its fiscal 2027 revenue outlook to approaching $11 billion (more than 30% year-over-year growth), a meaningful increase from prior forecasts, primarily driven by an expected 40% year-over-year growth in Data Center revenue.
Marvell projects fiscal 2028 overall revenue to reach approximately $15 billion (close to 40% year-over-year growth), with Data Center revenue expected to grow close to 50% year-over-year and Non-GAAP EPS projected to be well over $5.
Recent acquisitions of Celestial AI and Xconn are expected to contribute approximately $250 million in aggregate revenue in fiscal 2028, and the company returned $2.245 billion to stockholders through share repurchases and dividends in fiscal 2026.

2 days ago

Transcript

Marvell Technology Reports Record Q4 2026 Revenue and Raises FY 2027 and FY 2028 Guidance

MRVL

Earnings

Guidance Update

M&A

Marvell Technology delivered record revenue of $2.219 billion and non-GAAP earnings per share of $0.80 for the fourth quarter of fiscal year 2026, exceeding guidance, and reported $8.2 billion in revenue for the full fiscal year 2026, marking 42% year-over-year growth.
The company significantly raised its revenue outlook, now forecasting fiscal year 2027 revenue to approach $11 billion (more than 30% year-over-year growth) and fiscal year 2028 revenue to reach approximately $15 billion (close to 40% year-over-year growth), with non-GAAP EPS projected to be well over $5 in FY 2028.
This increased outlook is primarily driven by robust demand in the Data Center segment, with fiscal year 2027 Data Center revenue expected to grow 40% year-over-year and fiscal year 2028 Data Center revenue projected to grow close to 50% year-over-year.
Key growth drivers include the interconnect business, expected to grow more than 50% year-over-year in fiscal year 2027, and custom silicon, with the recently closed Celestial AI and Xconn acquisitions anticipated to contribute approximately $250 million in aggregate revenue in fiscal year 2028.
In fiscal year 2026, Marvell returned $2.245 billion to stockholders through share repurchases and dividends.

2 days ago

Transcript

Marvell Technology, Inc. Reports Fourth Quarter and Fiscal Year 2026 Financial Results

MRVL

Earnings

Guidance Update

Revenue Acceleration/Inflection

Marvell Technology, Inc. reported record net revenue of $2.219 billion for the fourth quarter of fiscal 2026, representing a 22% year-on-year increase, and record fiscal year 2026 net revenue of $8.195 billion, growing 42% year-over-year, primarily driven by robust AI demand.
Diluted income per share for Q4 fiscal 2026 was $0.46 GAAP and $0.80 non-GAAP. For the full fiscal year 2026, diluted income per share was $3.07 GAAP and $2.84 non-GAAP.
For the first quarter of fiscal 2027, the company anticipates net revenue of $2.400 billion +/- 5% and non-GAAP diluted net income per share of $0.79 +/- $0.05.

2 days ago

8-K

Marvell Technology Reports Record Fiscal Year 2026 Results and Provides Q1 Fiscal Year 2027 Outlook

MRVL

Earnings

Guidance Update

Revenue Acceleration/Inflection

Marvell Technology reported record fiscal year 2026 net revenue of $8.195 billion, a 42% year-over-year increase, and Q4 fiscal 2026 net revenue of $2.219 billion, up 22% year-on-year.
For Q4 fiscal 2026, the company achieved GAAP diluted income per share of $0.46 and non-GAAP diluted income per share of $0.80.
The company provided a Q1 fiscal 2027 outlook, expecting net revenue of $2.400 billion +/- 5% and non-GAAP diluted net income per share of $0.79 +/- $0.05 per share.
CEO Matt Murphy highlighted that fiscal 2026 revenue was driven by robust AI demand and anticipates accelerated year-over-year revenue growth each quarter in fiscal 2027, primarily from the data center business.

2 days ago

Press Release

Marvell Technology Provides Corporate Overview and Recent Updates

MRVL

M&A

New Projects/Investments

Management Change

Marvell completed the acquisitions of Celestial AI on February 2, 2026, and XConn Tech on February 10, 2026.
The company reported FY26 revenue of $8.2 billion and highlighted a data center market opportunity projected to grow from $21 billion in CY23 to $94 billion in CY28.
Marvell is focused on advanced technology, including leading 5nm, 3nm, and 2nm process platforms and the Photonic Fabric™ for AI scale-up.
Recent product announcements include the industry-first 1.6T ZR/ZR+ Pluggable and 2nm Coherent DSPs on March 5, 2026.
David Lazovsky joined as Executive Vice President, Data Center Networking Business Group in February 2026.

2 days ago

Presentation

Marvell Executive Joins ChipAgents Advisory Board

MRVL

New Projects/Investments

Board Change

ChipAgents, a leader in Agentic AI platforms for semiconductor design, completed a $50 million Series A1 funding round, increasing its total capital raised to $74 million.
The funding will be used to aggressively scale its Agentic AI platform and expand its engineering and research organization to accelerate the deployment of multi-agent chip teams.
Sandeep Bharathi, President of Marvell's Data Center Group, has joined ChipAgents' advisory board, bringing over two decades of experience in leading chip development for hyperscale cloud and enterprise infrastructures.
ChipAgents has demonstrated strong market traction, achieving 140x annual recurring revenue (ARR) growth and expanding implementations to 80 leading semiconductor companies.

Feb 18, 2026, 2:30 AM

Press Release

Marvell Completes Acquisition of XConn Technologies

MRVL

M&A

Guidance Update

New Projects/Investments

Marvell Technology, Inc. has completed its acquisition of XConn Technologies, a provider of advanced PCIe and CXL switching silicon.
This acquisition expands Marvell’s switching portfolio and strengthens its capabilities in scale-up connectivity for next-generation AI and cloud data center architectures.
Marvell expects initial revenue contributions from XConn to begin in the third quarter of fiscal 2027, ramping to a $50 million annualized run rate in the fourth quarter of fiscal 2027, and contributing $100 million in revenue in fiscal 2028.
The acquisition is expected to add approximately $25 million in annual non-GAAP operating expenses and increased Marvell’s diluted weighted-average shares outstanding by approximately 2.7 million shares.