Marvell Technology, Inc. (NASDAQ: MRVL) reported fourth-quarter results that exceeded Wall Street expectations and issued first-quarter guidance well above analyst forecasts, driven by strong demand for artificial intelligence data center products. Shares jumped more than 9% in pre-market trading Friday following the announcement.
The semiconductor company reported adjusted earnings per share of $0.80 for the quarter ended January 31, 2026, slightly above the $0.79 consensus estimate. Revenue reached a record $2.22 billion, up 22% year over year and slightly exceeding the $2.21 billion forecast.
For the first quarter of fiscal 2027, Marvell projected revenue of approximately $2.40 billion at the midpoint, significantly higher than the analyst consensus of $2.28 billion. Adjusted EPS is expected to range between $0.74 and $0.84, with a midpoint of $0.79 compared with the $0.74 estimate.
The company’s data center segment generated $1.65 billion in revenue during the quarter, accounting for 74% of total sales and increasing 21% year over year. The communications and other segment contributed $567.4 million, representing 26% growth year over year.
GAAP gross margin was reported at 51.7%, while adjusted gross margin reached 59.0%. For the upcoming quarter, Marvell expects adjusted gross margin to fall between 58.25% and 59.25%.
