AI-fueled Demand Lifts Marvell as MRVL Surges on Strong Earnings
Marvell Technology beat estimates with EPS of $0.80 on $2.22 billion in revenue, led by AI-driven data-center demand (data center revenue $1.65B). The company posted a record fiscal 2026 revenue of $8.195 billion, up 42% year over year, and guided Q1 2026 to about $0.79 per share on roughly $2.40 billion in revenue. With hyperscalers like Amazon and Meta fueling AI workloads, management expects robust demand through 2026. The stock jumped ~10%, and analysts’ consensus remains Strong Buy with a target near $118, implying meaningful upside.
