Marvell Technology (MRVL) Q4 2026 Earnings
How Did MRVL Stock React to Q4 2026 Earnings?
S&P 500 over the same 30 days: +0.54%.
Did MRVL Beat Earnings? Q4 2026 Results
Yes. Marvell Technology reported Q4 2026 earnings of $0.80 a share on Mar 5, 2026, beating the $0.79 consensus estimate by 1.0%. Revenue was $2.2B against a $2.2B estimate.
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.
- 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
“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.”
Marvell Technology CEO, on the earnings call
What Was Marvell Technology's Outlook in Q4 2026?
For Q1 fiscal 2027, Marvell expects net revenue of $2.400 billion ±5%, non-GAAP gross margin of 58.25%–59.25%, non-GAAP operating expenses of approximately $575 million, non-GAAP diluted EPS of $0.79 ±$0.05, and GAAP diluted EPS of $0.31 ±$0.05. The outlook includes expected results from Celestial AI and XConn Technologies acquisitions that closed after fiscal 2026 year-end. Management expects year-over-year revenue growth to accelerate each quarter in fiscal 2027, driven by continued strength in the data center business with bookings growing at a record pace.
MRVL YoY Financials
| Metric | Q4 2026 | Q4 2025 | Year over year |
|---|---|---|---|
| Revenue | $2.2B | $1.8B | +22.1% |
| Gross Profit | $1.1B | $917.4M | +25.1% |
| Operating Income | $404.4M | $235.2M | +71.9% |
| Net Income | $396.1M | $200.2M | +97.9% |
MRVL Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.