$Marvell Technology(MRVL)$ Mar

$Marvell Technology(MRVL)$ Marvell's CEO Matt Murphy reported earnings. First-quarter revenue hit a record $2.418 billion, up 28% year-over-year. The mid-point guidance for Q2 revenue is $2.7 billion, representing 35% year-over-year growth. They expect revenue growth to continue accelerating each quarter throughout fiscal 2027, driven by continued strength in the data center business.

Murphy mentioned they are seeing exceptional AI-related bookings, and as a result, are significantly raising the revenue outlook for both fiscal 2027 and fiscal 2028 compared to last quarter's guidance. This improved outlook is driven by strong demand across a broad set of Marvell solutions, including 800G and 1.6T scale-out optics, 51.2T Ethernet scale-out switches, scale-up optical solutions for NPO and CPO applications, scale-across datacenter interconnect modules, and custom XPU and XPU-attach solutions.

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