Marvell stock soars 9%, driven by strong guidance and Q4 performance fueled by AI data center demand

Santa Clara, California — Marvell Technology, Inc. (NASDAQ: MRVL) reported fourth-quarter earnings that exceeded Wall Street expectations and issued first-quarter guidance well above analyst forecasts, driven by strong demand for its AI data center products.

Following the announcement, the company’s stock surged 9%.

The semiconductor company reported an adjusted fourth-quarter earnings of $0.80 per share as of January 31, 2026, surpassing the consensus estimate of $0.79 by $0.01. Revenue reached a record $2.22 billion, up 22% year-over-year, slightly above the $2.11 billion forecast. For the first quarter of fiscal 2027, Marvell guided a median revenue of $2.4 billion, significantly above the market consensus of $2.28 billion. The company expects adjusted earnings per share in the range of $0.74 to $0.84, with a median of $0.79, higher than the market consensus of $0.74.

Marvell Chairman and CEO Matt Murphy stated, “Marvell achieved a record $8.195 billion in revenue for fiscal 2026, a 42% year-over-year increase driven by strong AI demand. We expect revenue growth to accelerate each quarter in fiscal 2027, thanks to the continued robust performance of our data center business, with order volumes continuing to grow at record rates.”

The company’s data center segment generated $1.65 billion in revenue this quarter, accounting for 74% of total sales, up 21% year-over-year. Communications and other segments contributed $567.4 million, up 26%. GAAP gross margin was 51.7%, with adjusted gross margin reaching 59.0%. For the first quarter, Marvell expects adjusted gross margin between 58.25% and 59.25%.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.