Marvell’s 39% stock gain follows strong AI-driven bookings, while Broadcom’s AI revenue soars 200% year-over-year to $10.8 billion.
Marvell Technology reported Q1 FY2027 revenue of $2.418 billion, up 27.6% year-over-year, driven by $1.83 billion in data center sales. The company guided Q2 revenue to $2.70 billion, citing exceptional AI-related bookings and raising its fiscal 2027 and 2028 outlook.
Broadcom posted $10.8 billion in AI semiconductor revenue, a 143% increase, and guided Q3 AI revenue to $16 billion, a 200% year-over-year jump. Broadcom’s free cash flow margins reached 46%, while Marvell raised $2 billion and closed two acquisitions to bolster capabilities.
Marvell’s stock surged 39% post-earnings, contrasting with Broadcom’s capital return strategy. Both companies serve hyperscalers, but Marvell’s custom silicon focus and smaller scale differentiate its growth trajectory.