$MRVL +15% after

Marvell Non-GAAP EPS of $0.80 beats by $0.01, revenue of $2.22B beats by $10M
Marvell press release (MRVL): Q4 Non-GAAP EPS of $0.80 beats by $0.01.
Revenue of $2.22B (+22.0% Y/Y) beats by $10M.
First Quarter of Fiscal 2027 Financial Outlook
Net revenue is expected to be $2.400 billion +/- 5% vs consensus of $2.28B.
GAAP gross margin is expected to be 51.4% to 52.4%.
Non-GAAP gross margin is expected to be 58.25% to 59.25%.
GAAP operating expenses are expected to be approximately $872 million.
Non-GAAP operating expenses are expected to be approximately $575 million.
Basic weighted-average shares outstanding are expected to be 876 million.
Diluted weighted-average shares outstanding are expected to be 883 million.
GAAP diluted net income per share is expected to be $0.31 +/- $0.05 per share.
Non-GAAP diluted net income per share is expected to be $0.79 +/- $0.05 per share vs consensus of $0.74.
Marvell shoots up as Q4 results, guidance top estimates
Marvell Technologies (MRVL) shares rose 6.9% in extended trading on Thursday after the semiconductor company reported fourth-quarter results and guidance that topped Wall Street's estimates.
For the period ending Jan. 31, Marvell said it earned an adjusted $0.80 per share as revenue jumped 22% year-over-year to $2.22B. Analysts had expected the company to earn an adjusted $0.79 per share on $2.21B in revenue.
“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,” said Matt Murphy, Marvell’s Chairman and CEO. “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.”
Looking ahead to the first quarter of fiscal 2027, Marvell said it expects adjusted earnings to be $0.79, plus or minus $0.05, while revenue is forecast to be $2.4B, plus or minus 5%. Analysts had expected adjusted earnings of $0.74 per share on $2.28B in revenue.
The company will host a conference call at 4:45 p.m. EST to discuss the results.
Marvell in charts: Data center revenue rises nearly 21% Y/Y to $1.65B