Marvell Technology Reports $2.67B Annual Profit, Raises Q1 Revenue Guidance 27%
Marvell Technology swung to a $2.67 billion net profit for fiscal 2026, reversing an $885 million loss, as revenues climbed 42% to $8.2 billion. Fourth-quarter net income doubled to $396.1 million on 22% revenue growth to $2.2 billion, and management targets Q1 revenues of $2.4 billion, up 27% year-on-year, with GAAP EPS of $0.31.
1. Fiscal 2026 Profit Surge
Marvell swung to a $2.67 billion net income in the fiscal year ending January 31, reversing an $885 million net loss in fiscal 2025, driven by strong demand for its semiconductor products.
2. Revenue Growth Drivers
Net revenues rose 42% to $8.2 billion, supported by robust AI-related orders and expansion in data center and networking segments.
3. Quarterly Performance
In Q4, net income doubled to $396.1 million as revenues climbed 22% to $2.2 billion year-over-year, reflecting improved operational efficiency and higher average selling prices.
4. Outlook and Guidance
Management projects Q1 revenues at $2.4 billion, a 27% increase year-on-year, and targets GAAP diluted EPS of $0.31 ± $0.05, citing continued AI-driven growth.