Marvell's Q4 Revenue Jumps 22.1% to $2.22B, EPS Beats Estimates
Marvell Technology delivered Q4 net income of $396.1M (80 cents non-GAAP EPS), beating estimates by one cent on $2.22B revenue, up 22.1% year-on-year and topping forecasts by $20M. The company guided Q1 revenue midpoint at $2.4B and EPS between $0.74–$0.84.
1. Fiscal Q4 Financial Results
Marvell reported Q4 net income of $396.1 million, or 46 cents GAAP EPS, and non-GAAP EPS of 80 cents, surpassing consensus by one cent. Revenue reached $2.22 billion, up 22.1% year-on-year and beating the $2.2 billion estimate by $20 million.
2. Q1 Revenue and EPS Guidance
Management forecasted Q1 revenue midpoint of $2.4 billion, about 5.2% above Wall Street estimates, with non-GAAP EPS guidance between $0.74 and $0.84. This outlook underscores confidence in sustained AI-driven demand across data center and networking segments.
3. Operational Metrics and Trends
Operating margin expanded to 18.2% from 12.9% year-ago, reflecting higher-margin AI chip sales, while free cash flow margin declined to 11.7%. Days inventory outstanding rose to 118 from 92, signaling buildup amid accelerating production capacity.