Marvell Forecasts 31.7% EPS Growth on $2.21B Q1 Revenue; AWS AI Demand Surges
Marvell Technology is projected to post January-quarter EPS of $0.79, up 31.7% year-over-year, on $2.21 billion in revenue, a 21.4% increase, with consensus EPS forecasts cut 4% over the past month ahead of its March 5 report. Amazon’s ramped 2026 spending highlights surging AWS AI demand boosting Marvell’s chip sales.
1. Forecasted January Quarter Results
Marvell Technology is set to report results for the quarter ended January 2026 on March 5, with consensus estimates pointing to EPS of $0.79, a 31.7% year-over-year increase, and revenue of $2.21 billion, up 21.4% from the prior year.
2. Recent Consensus Estimate Revisions
Analyst forecasts for the upcoming quarter have been trimmed by 4% over the past 30 days, reflecting caution around near-term margins and the impact of AI market dynamics on product mix and pricing.
3. Amazon’s 2026 Capex and AWS AI Demand
Amazon has signaled a significant ramp in 2026 capital expenditures, driven largely by expansion of AI infrastructure in AWS data centers, a trend expected to underpin demand for Marvell’s AI-optimized networking and compute chips.
4. Valuation and Celestial AI Acquisition
Despite record data-center earnings growth, Marvell trades at elevated multiples as investors assess execution risk from its recent Celestial AI acquisition, which aims to deepen its AI compute portfolio but requires seamless integration to deliver projected synergies.