Marvell Reports Record Q1, Significantly Raises FY27/FY28 Revenue Outlook on Strong AI Demand
MRVL has more than doubled off its 52-week low of $58.61.
Summary
Marvell Technology reported record first-quarter revenue and significantly raised its full fiscal year 2027 and 2028 revenue outlook, driven by exceptional AI-related bookings and strong data center demand.
Key Events · Earnings and Guidance · MRVL
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Record Q1 FY27 Financial Results
Net revenue reached $2.418 billion, exceeding guidance by $18 million, with non-GAAP diluted EPS of $0.80. Cash flow from operations hit a record $638.8 million.
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Significantly Raised FY27 & FY28 Revenue Outlook
Marvell is now forecasting accelerated revenue growth throughout fiscal 2027 and 2028, driven by exceptional AI-related bookings and continued strength in its data center business.
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Strong Q2 FY27 Guidance
The company expects Q2 net revenue of $2.700 billion (+/- 5%) and non-GAAP diluted EPS of $0.93 (+/- $0.05), representing 35% year-over-year growth at the mid-point.
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Strategic Acquisitions Integrated
Q1 results include contributions from the recently completed acquisitions of Celestial AI, Inc. and XConn Technologies Holdings, Ltd.
Analysis · MRVL · Manufacturing
This 8-K details Marvell's strong Q1 FY27 financial performance, exceeding revenue guidance and achieving record cash flow. Crucially, the company significantly raised its revenue outlook for both fiscal years 2027 and 2028, citing exceptional AI-related bookings and accelerating growth in its data center business. This indicates robust demand for its semiconductor solutions in critical growth markets, reinforcing its strategic position.
How filings like this one have moved
In the 30 days to Sep 13, 2026, 42% of the 419 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.47%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, MRVL was trading at $204.25 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $174B. The 52-week trading range was $58.61 to $218.26. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.