Marvell Q1 Revenue Climbs 28% to $2.42B with Strong AI Demand
MRVL•Marvell reported fiscal Q1 adjusted EPS of $0.80, beating estimates by $0.01, and record revenue of $2.418 billion, up 28% year-over-year. The company completed acquisitions of Celestial AI and XConn Technologies and guided fiscal Q2 revenue to $2.7 billion at midpoint, implying 35% growth.
1. Fiscal Q1 Results Surpass Estimates
Marvell posted fiscal Q1 adjusted earnings of $0.80 per share, topping consensus by $0.01, while revenue hit a record $2.418 billion, marking a 28% year-over-year increase from $1.90 billion.
2. AI and Data Center Growth
Data center solutions represented 76% of total revenue at $1.83 billion, up 27% year-over-year, driven by exceptional AI-related bookings that underpinned the company’s top-line strength.
3. Strategic Acquisitions Bolster Portfolio
On February 2 and February 10, 2026, Marvell closed acquisitions of Celestial AI and XConn Technologies, integrating their AI chip and connectivity assets into its results for the quarter.
4. Elevated Fiscal Q2 Guidance
Marvell forecast fiscal Q2 adjusted EPS of $0.88–$0.98 (midpoint $0.93) above the $0.90 consensus, and set revenue guidance of $2.7 billion ±5%, implying 35% year-over-year growth at the midpoint.
