Frank Rondel
Marvell Technology’s stock jumped in extended trading Thursday following a stronger-than-expected fiscal fourth-quarter earnings report and an optimistic outlook for the new fiscal year, reports customreceipt.com. The Santa Clara-based chipmaker reported revenue of $2.219 billion for the quarter ending January 31, 2026, marking a 22% increase from the same period last year and slightly above the $2.207 billion projected by FactSet. Adjusted earnings per share rose to 80 cents from 60 cents a year earlier, surpassing analyst expectations of 79 cents.
Marvell also forecasted first-quarter revenue of $2.4 billion, plus or minus 5%, exceeding the $2.3 billion anticipated by analysts. The stock, which had closed the regular session down 3% amid a broader chip-sector selloff, surged nearly 15% in after-hours trading following the earnings announcement.
CEO Matt Murphy highlighted that Marvell’s total revenue for fiscal year 2025 reached $8.195 billion, up 42% year-over-year, driven largely by strong artificial intelligence demand. Analysts had projected $8.185 billion in revenue. Murphy emphasized that the company expects year-over-year growth to accelerate in the current fiscal year, fueled by “continued strength in our data-center business,” where bookings are reportedly expanding “at a record pace.”
In addition, Marvell’s design wins with key customers hit a record in fiscal year 2026, with Murphy projecting ongoing momentum. Among the company’s high-profile collaborations, Marvell continues to provide Amazon.com’s Trainium chips, a line of application-specific integrated circuits (ASICs). Analysts, including J.P. Morgan’s Harlan Sur, noted that demand for Marvell’s optical digital signal processors (DSPs) and storage solutions remains robust amid AI-driven data-center expansions. Optical DSPs convert electrical signals into light to enable high-bandwidth, low-latency communication in modern data centers.
Major tech companies such as Amazon, Microsoft, Alphabet, and Meta Platforms have collectively raised capital expenditure guidance for 2026 to $650 billion. Murphy previously confirmed during CES in January that Marvell’s short-term bookings are “on fire,” with both backlog and revenue continuing to expand.
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