
• Reported GAAP EPS of $0.47 up 104.35% YoY • Reported revenue of $2.22B up 22.08% YoY • Marvell expects Q1 FY27 net revenue of $2.4B +/- 5%, GAAP diluted net income per share of $0.31 +/- $0.05, and non-GAAP diluted net income per share of $0.79 +/- $0.05.
Bullish
Marvell achieved record fiscal 2026 revenue of $8.2B, driven by robust AI demand and strong operating leverage, while record design wins are expected to fuel future growth.
Bearish
Marvell faces risks from customer concentration, potential customer vertical integration reducing demand, and operational delays or increased costs in new product development due to supply chain dependencies.