"Revenue hit a record $2.07 billion, up 37% year over year, with non-GAAP EPS of $0.76 versus $0.43 a year earlier. The engine: Data Center revenue of $1.52 billion, 73% of total sales and up 38% YoY. Carrier Infrastructure jumped 98% YoY and Enterprise Networking rose 57%. Since that filing, the stock has run from $92.78 to $177.95, a 92% move, and added another 4% on May 14 to $185.50."
"Management guided Q4 FY2026 revenue to $2.20 billion plus or minus 5% with non-GAAP EPS of $0.79 and full-year FY2026 revenue growth forecasted to exceed 40%. More important, CEO Matt Murphy stated that "our data center revenue growth forecast for next year is now higher than prior expectations." Custom AI silicon programs are already in volume production, with over 50 new opportunities across more than 10 customers."
"Hyperscalers including AWS, Azure, Google Cloud, and Meta are co-designing chips with Marvell to reduce dependency on NVIDIA GPUs. These are multi-year design wins with contracted volume. Marvell is one of two main custom silicon partners for hyperscalers, alongside Broadcom. That duopoly is being reinforced by M&A: the Celestial AI acquisition accelerates the optical interconnect roadmap (Murphy called it "transformational")."
"The Celestial AI acquisition accelerates the optical interconnect roadmap (Murphy called it "transformational"), and the XConn Technologies acquisition announced in January 2026 deepens data center c"
Marvell’s stock has risen sharply alongside strong financial results. Q3 FY2026 revenue reached a record $2.07 billion, up 37% year over year, with non-GAAP EPS of $0.76. Data Center revenue was $1.52 billion, representing 73% of total sales and growing 38% year over year. Carrier Infrastructure increased 98% year over year and Enterprise Networking rose 57%. Guidance for Q4 FY2026 calls for revenue of $2.20 billion plus or minus 5% and non-GAAP EPS of $0.79, with full-year FY2026 revenue growth forecast to exceed 40%. Management indicated higher data center growth expectations and described custom AI silicon programs already in volume production, supported by multi-year hyperscaler co-design efforts and acquisitions that advance optical interconnect roadmaps.
#ai-semiconductors #data-center-networking #custom-silicon #earnings-and-guidance #optical-interconnects
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