Today, Marvell Technology shares climbed 12% in premarket trading after the company released an upbeat long-term forecast.
The leader in data infrastructure semiconductor solutions reported today that net revenue for the fourth quarter of fiscal 2026 was $2.219 billion, which is $19.0 million above the Company’s guidance provided on December 2, 2025.
Net revenue for fiscal 2026 was $8.195 billion, a new record. GAAP net income for fiscal 2026 was $2.670 billion, or $3.07 per diluted share. Non-GAAP net income for fiscal 2026 was $2.466 billion, or $2.84 per diluted share.
The financial outlook for the first quarter of fiscal 2027 includes expected results of Celestial AI and XConn Technologies as both acquisitions closed subsequent to our fiscal 2026 year end.
- Net revenue is expected to be $2.400 billion +/- 5%.
- GAAP diluted net income per share is expected to be $0.31 +/- $0.05 per share.
Matt Murphy, Chairman and CEO of Marvell told investors, “Marvell delivered record fiscal 2026 revenue of $8.195 billion, growing 42% year-over-year, driven by robust AI demand. We also delivered GAAP EPS of $3.07 and non-GAAP EPS of $2.84, up 81% year-over-year, demonstrating the strong operating leverage in our business model. We expect year-over-year revenue growth to accelerate each quarter in fiscal 2027, driven by continued strength in our data center business, with bookings continuing to grow at a record pace. In addition to our strong results and outlook, our design wins in fiscal 2026 hit an all-time record, which we expect will continue to fuel our future growth.”
Marvell stated it expects fiscal 2028 revenue to increase nearly 40% to $15 billion, surpassing analysts’ average estimate of $12.92 billion.
By CEO NA Editorial Staff
