Marvell Q1 Revenue Soars 28% to $2.418B, Raises Data Center Outlook
MRVL•Marvell reported record Q1 revenue of $2.418 billion, up 28% year over year, with data center sales jumping 27% to $1.833 billion. Management raised fiscal 2027 and 2028 revenue forecasts, expecting roughly 50% data center growth and doubling custom silicon sales driven by AI bookings and the Celestial AI acquisition.
1. Record Q1 Financial Results
Marvell achieved record quarterly revenue of $2.418 billion, marking a 28% year-over-year increase and a 9% sequential rise. Data center revenue reached $1.833 billion, up 27% from last year and exceeding the midpoint of guidance.
2. Strength in Data Center Interconnects
The company saw robust demand for its optical interconnect products, including 800G modules and next-generation 1.6T solutions. Management now forecasts fiscal 2027 data center revenue growth near 50%, with interconnect sales alone rising over 70%.
3. Custom Silicon Growth and Acquisition
Marvell closed its Celestial AI acquisition during the quarter and expects custom silicon revenue to grow more than 20% in fiscal 2027 and double in fiscal 2028. These AI-oriented chips aim to lower hyperscaler power costs and reduce reliance on general-purpose GPUs.
