Q4 26 EPS
$0.80
BEAT +1.05%
Est. $0.79
Q4 26 Revenue
$2.22B
BEAT +0.42%
Est. $2.21B
vs S&P Since Q4 26
+210.0%
BEATING MARKET
MRVL +220.2% vs S&P +10.2%
Full Year 2026 Results
FY 26 EPS
$2.84
FY 26 Revenue
$8.19B
Market Reaction
Did MRVL Beat Earnings? Q4 2026 Results
Marvell Technology closed out fiscal 2026 on a strong note, posting Q4 revenue of $2.22 billion, up 22.1% year-over-year and just ahead of the $2.21 billion consensus estimate, while non-GAAP diluted EPS of $0.80 edged past the $0.79 Wall Street expe… Read more Marvell Technology closed out fiscal 2026 on a strong note, posting Q4 revenue of $2.22 billion, up 22.1% year-over-year and just ahead of the $2.21 billion consensus estimate, while non-GAAP diluted EPS of $0.80 edged past the $0.79 Wall Street expectation by 1.05%. The primary engine behind the results was an AI-driven surge in the data center segment, which contributed $1.65 billion, or 74% of total revenue, growing 21% year-over-year as hyperscaler demand for Marvell's custom silicon and interconnect solutions remained robust. Non-GAAP operating margin expanded to 35.7% from 33.7% a year ago, reflecting meaningful operating leverage even as non-GAAP gross margin dipped slightly to 59.0%. For the full fiscal year, revenue reached $8.19 billion, growing 42%. Looking ahead, management guided Q1 fiscal 2027 revenue to $2.40 billion and non-GAAP EPS of $0.79, with CEO Matt Murphy projecting year-over-year growth to accelerate each quarter, supported by record-pace bookings and contributions from the recently closed Celestial AI and XConn Technologies acquisitions.
Key Takeaways
- • Robust AI demand driving data center revenue growth of 21% YoY
- • Strong operating leverage with non-GAAP operating margin of 35.7%
- • Communications and other revenue grew 26% YoY
- • Revenue came in $19.0 million above the mid-point of guidance
MRVL YoY Financials
Q4 2026 vs Q4 2025, source: SEC Filings
MRVL Revenue by Segment
With YoY comparisons, source: SEC Filings
“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.”
— Matt Murphy, Q4 2026 Earnings Press Release
MRVL Earnings Trends
MRVL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MRVL EPS Trend
Earnings per share: estimate vs actual
MRVL Revenue Trend
Quarterly revenue: estimate vs actual
MRVL Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT | $0.80 | $0.80 | +0.63% | $2.42B | +0.41% |
| Q4 26 BEAT FY | $0.79 | $0.80 | +1.05% | $2.22B | +0.42% |
| FY Full Year | — | $2.84 | — | $8.19B | — |
| Q3 26 BEAT | $0.74 | $0.76 | +3.01% | $2.07B | +0.44% |
| Q2 26 MISS | $0.67 | $0.67 | -0.50% | $2.01B | -0.20% |
| Q1 26 BEAT | $0.61 | $0.62 | +1.11% | $1.90B | +0.87% |
| Q4 25 BEAT FY | $0.59 | $0.60 | +1.57% | $1.82B | +1.19% |
| FY Full Year | $1.56 | $1.57 | +0.75% | $5.77B | +0.32% |