MRVL reports 28% year-over-year revenue growth to $2.4 billion and forecasts 35% growth for the next quarter.
Marvell Technology (NASDAQ: MRVL) shares reached an all-time high after reporting first-quarter fiscal 2027 revenue of $2.4 billion, a 28% increase from the prior year. The company’s data center business drove growth, with CEO Matt Murphy projecting accelerating revenue expansion throughout the fiscal year.
For the current quarter, Marvell forecasts revenue of $2.7 billion, a 35% year-over-year rise. The company’s partnership with Nvidia and integration with NVLink Fusion are expected to fuel further demand for its custom chip solutions.
Despite valuation concerns, management’s optimistic outlook has bolstered investor confidence, pushing shares to new highs.