Marvell Q4 Revenue Rises 22% to $2.22B, Guides 30% Fiscal 2027 Growth
Marvell’s Q4 revenue rose 22% year-over-year to $2.22 billion with adjusted EPS of $0.80, beating estimates by $0.01. The company projects fiscal 2027 revenue growth above 30% to nearly $11 billion and expects data center revenue to climb roughly 50% in fiscal 2028.
1. Strong Fourth-Quarter Performance
Marvell reported Q4 revenue of $2.22 billion, up 22% year-over-year, narrowly topping the $2.21 billion consensus, and delivered adjusted EPS of $0.80, one cent ahead of estimates, fueled by robust AI and data center demand.
2. Aggressive Fiscal 2027 Guidance
The company forecast fiscal 2027 revenue growth exceeding 30% to nearly $11 billion and anticipates data center revenue to jump about 50% in fiscal 2028, driven by interconnect products and expanded hyperscaler engagements.
3. Long-Term AI Run-Rate Targets
Marvell confirmed its Celestial AI CPO segment is on track to reach a $500 million annualized revenue run rate by Q4 fiscal 2028, doubling to $1 billion by Q4 fiscal 2029 as AI deployments scale.
4. Market Reaction and ETF Implications
Shares surged over 11% in premarket trading on the beat and outlook, and the stock’s significant weight in leading semiconductor ETFs could amplify inflows or outflows based on future performance.