Marvell Technology's stock surged 8.91% in after-hours trading following the release of its fourth-quarter financial results, which exceeded analyst expectations.

The chip designer reported adjusted earnings of $0.80 per share, beating the consensus estimate of $0.79, while revenue reached $2.22 billion, slightly above the expected $2.21 billion. The company attributed its record fiscal 2026 revenue growth of 42% year-over-year to robust demand for artificial intelligence infrastructure.

Furthermore, Marvell provided upbeat guidance for the first quarter, forecasting revenue of approximately $2.40 billion, plus or minus 5%, which is above analysts' average estimate of $2.27 billion. CEO Matt Murphy stated that year-over-year revenue growth is expected to accelerate each quarter in fiscal 2027, driven by continued strength in the data center business.