Marvell Technology's stock surged 13.95% in pre-market trading following the release of its fourth-quarter financial results, which exceeded analyst expectations, and the announcement of significantly upgraded forward guidance.

The semiconductor company reported adjusted earnings per share of $0.80 for the quarter, beating the consensus estimate of $0.79. Revenue reached $2.22 billion, also surpassing analyst forecasts. More importantly, Marvell provided first-quarter revenue guidance of approximately $2.4 billion, plus or minus 5%, which is well above the average analyst estimate.

The strong performance and optimistic outlook are driven by robust demand for artificial intelligence infrastructure. CEO Matt Murphy stated that the company now expects overall revenue in fiscal 2027 to grow more than 30% year-over-year, approaching $11 billion, citing "continued strength in our data center business, with bookings continuing to grow at a record pace." The raised guidance reflects sustained AI-related spending from major technology hyperscalers building out data center capacity.