Marvell Technology reported record fiscal 2026 revenue driven by strong AI demand and robust growth in its data center business. The company expects this growth trajectory to accelerate in fiscal 2027, supported by a record number of design wins and recent acquisitions.
Q4 Net Revenue reached a new record of $2.219 billion, growing 22% year-on-year.
positiveFiscal 2026 Net Revenue was a record $8.195 billion, representing 42% year-over-year growth.
positiveGAAP diluted EPS of $3.07 for fiscal 2026, up 81% year-over-year, demonstrating strong operating leverage.
positiveExpect year-over-year revenue growth to accelerate each quarter in fiscal 2027, driven by continued strength in data center business.
positiveDesign wins in fiscal 2026 hit an all-time record, expected to fuel future growth.
positiveInventories increased from $1.030 billion in Feb 2025 to $1.388 billion in Jan 2026, a 35% YoY increase.
attentionGAAP operating expenses were $743.5 million in Q4 FY2026, an increase from $682.2 million in Q4 FY2025.
attentionRestructuring related charges were $9.5 million in Q4 FY2026, compared to a gain of $12.5 million in Q4 FY2025.
attentionGAAP net income for Q4 FY2026 was $396.1 million, a significant decrease from $1.901 billion in Q4 FY2025, largely due to a gain on sale of business in the prior year.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Data center | N/A | — | — | — |
Communications and other | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
Marvell delivered record fiscal 2026 revenue of $8.195 billion, growing 42% year-over-year, driven by robust AI demand.
We also delivered GAAP EPS of $3.07 and non-GAAP EPS of $2.84, up 81% year-over-year, demonstrating the strong operating leverage in our business model.
We expect year-over-year revenue growth to accelerate each quarter in fiscal 2027, driven by continued strength in our data center business, with bookings continuing to grow at a record pace.
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