Overview
Data infrastructure semiconductor firm's Q4 revenue slightly beat analyst expectations
Adjusted EPS for Q4 beat analyst expectations
Company anticipates accelerated revenue growth in fiscal 2027
Outlook
Marvell expects Q1 fiscal 2027 net revenue of $2.400 bln +/- 5%
Company anticipates Q1 fiscal 2027 GAAP gross margin between 51.4% and 52.4%
Marvell forecasts Q1 fiscal 2027 non-GAAP EPS of $0.79 +/- $0.05
Result Drivers
AI DEMAND - Record fiscal 2026 revenue driven by robust AI demand, per CEO Matt Murphy
Company press release: ID:nBwmBZWfa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Slight Beat* | $2.22 bln | $2.21 bln (32 Analysts) |
Q4 Adjusted EPS | Beat | $0.80 | $0.79 (32 Analysts) |
Q4 EPS | $0.46 | ||
Q4 Net Income | $396.1 mln | ||
Q4 Gross Margin | 51.70% |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 33 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Marvell Technology Inc is $114.50, about 46.6% above its March 4 closing price of $78.09
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 27 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)