Marvell Technology's stock surged 14.96% in post-market trading following the release of its fourth-quarter financial results and significantly upgraded forward guidance, driven by robust demand for artificial intelligence infrastructure.

The semiconductor company reported adjusted earnings per share of $0.80 for the quarter, exceeding the consensus estimate of $0.79. Revenue reached $2.22 billion, also beating analyst expectations. 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 of $2.27 billion.

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, an increase from its previous outlook. Furthermore, the company anticipates revenue in fiscal 2028 to grow close to 40% year-over-year, reaching about $15 billion. This optimistic long-term forecast is based on continued strength in the data center business, with bookings accelerating at a record pace due to sustained AI-related spending from major technology hyperscalers.