Marvell Q1 revenue record $2.418B (+28% YoY); Q2 guide $2.7B; raises FY outlook

Marvell Technology, Inc.

Q1 GAAP EPS $0.04, non-GAAP EPS $0.80; revenue beat midpoint by $18M.
Record operating cash flow $638.8M; GAAP gross margin 52.1%, non-GAAP 58.9%.
Q2 revenue guidance $2.7B (+35% YoY), non-GAAP EPS $0.93; FY outlook raised significantly.
CEO cites exceptional AI bookings across optics, switches, XPU solutions; momentum accelerating.
Completed acquisitions of Celestial AI and XConn in Feb 2026; results consolidated.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Marvell Technology, Inc. reported first quarter of fiscal year 2027 ended May 2, 2026 results: revenue $2.418 billion, net income $34.5 million, EPS $0.04 per diluted share. Guidance raised.

Period: first quarter of fiscal year 2027 ended May 2, 2026
Revenue: $2.418 billion
Net income: $34.5 million
EPS: $0.04 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Net revenue for the first quarter of fiscal 2027 was $2.418 billion, $18.0 million above the mid-point of the Company’s guidance provided on March 5, 2026. GAAP net income for the first quarter of fiscal 2027 was $34.5 million, or $0.04 per diluted share.

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Marvell Technology, Inc. filing history →

Source: SEC EDGAR

accession 0001835632-26-000014

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