Marvell Technology Q4 EPS $0.80 on $2.22B Revenue, Shares Jump 21%
Marvell Technology reported fourth-quarter adjusted EPS of $0.80 on revenue of $2.22 billion, up 22.1% year-on-year, and guided first-quarter revenue at $2.4 billion versus consensus $2.28 billion. Shares surged more than 21% intraday as analysts raised price targets, driven by strong AI-focused data center growth projections.
1. Fourth-Quarter Financial Results
Marvell reported adjusted earnings of $0.80 per share on revenue of $2.22 billion, representing a 22.1% year-on-year increase driven by AI chip and networking product sales.
2. Stock Reaction
The stronger-than-expected results propelled shares up over 21% during regular trading and by more than 10% in premarket sessions.
3. First-Quarter Outlook
Management guided first-quarter revenue to approximately $2.4 billion, topping the $2.28 billion consensus, and highlighted sustained data center demand fueled by artificial-intelligence infrastructure adoption.
4. Analyst Responses
Analysts from Bank of America, J.P. Morgan, Jefferies and Evercore raised their ratings and lifted price targets, citing accelerating AI-related data center growth and potential gains from custom ASIC and optical connectivity programs.