Marvell Technology is set to report fiscal first-quarter results around 4:05 PM ET on May 27, with shares up 145.36% year to date. The prior quarter included record revenue of $2.0745 billion, up 37% year over year, and data center sales of $1.5179 billion, 73% of total. Non-GAAP EPS was $0.76. For the just-completed quarter, management guided revenue of $2.20 billion plus or minus 5% and non-GAAP EPS of $0.79 plus or minus $0.05. Management also announced the Celestial AI acquisition, the $2.50 billion Automotive Ethernet sale to Infineon, and a $1.3 billion stock repurchase. Key watch items include custom AI silicon ramp, data center growth guidance for FY27, and non-GAAP gross margin guidance of 58.5% to 59.5% alongside capital return pace.
"Investors are watching Marvell Technology ( NASDAQ: MRVL | MRVL Price Prediction) ahead of its fiscal first-quarter results expected tonight, May 27, around 4:05 PM ET. Shares are up 145.36% year to date, raising the bar heading into the earnings report."
"Last quarter, Marvell posted record revenue of $2.0745 billion, up 37% YoY, with data center sales of $1.5179 billion (73% of total, +38% YoY). Non-GAAP EPS landed at $0.76 versus $0.43 a year earlier. Since then, CEO Matt Murphy has guided the just-completed quarter to revenue of $2.20 billion, plus or minus 5%, and non-GAAP EPS of $0.79, plus or minus $0.05."
"Management also announced the acquisition of Celestial AI to deepen its optical interconnect roadmap, closed the $2.50 billion Automotive Ethernet sale to Infineon, and repurchased $1.3 billion of stock in the most recently reported quarter. I'll be watching three things with Marvell Technology tonight. First, the custom AI silicon ramp. CEO Matt Murphy said design activity sits at over 50 new opportunities across more than 10 customers, and volume production is underway."
"Second, the data center growth curve. The segment grew 76% YoY in Q1 FY26, then 69%, then 38%. Management already raised its FY27 data center growth forecast above prior expectations. Investors will look for guidance here. Third, margins and capital return. Non-GAAP gross margin guidance of 58.5% to 59.5% is below the year-ago range, reflecting AI mix. Investors will watch whether operating leverage closes the gap, and whether the buyback pace approaches last quarter's $1.3 billion."
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]