Marvell Q4 Revenue Soars 22%, Full-Year Sales Up 42% with $2.4B Q1 Outlook
Marvell reported Q4 revenue of $2.22B, up 22% year-over-year, with adjusted EPS of $0.80 and a 59% gross margin from data center products accounting for 74% of sales. For fiscal 2026, revenue rose 42% to $8.20B with GAAP net income of $2.67B, guiding Q1 revenue of ~$2.4B with $0.79 EPS.
1. Q4 Results
Marvell reported fourth-quarter revenue of $2.22 billion, up 22% year-over-year, with adjusted earnings of $0.80 per share. Non-GAAP gross margin reached 59%, as data center products accounted for 74% of sales.
2. Fiscal 2026 Highlights
Full fiscal-year revenue reached a record $8.20 billion, up 42% year-over-year, while GAAP net income turned positive at $2.67 billion or $3.07 per diluted share. Data center segment sales totaled over $6.1 billion, growing 46% annually.
3. Guidance and Outlook
Management forecast first-quarter revenue of about $2.4 billion with non-GAAP EPS of $0.79, surpassing street estimates. The outlook incorporates Celestial AI and XConn acquisitions, and custom revenue is expected to grow more than 20% next fiscal year.