Marvell's first quarter 2027 results met estimates while guiding for 35% YoY growth in the second quarter.

Marvell reported first quarter 2027 revenue of $2.42 billion, up 28% year-over-year, and non-GAAP EPS of $0.80. The results were in line with analyst expectations, while the company issued a strong revenue and earnings forecast for the upcoming quarter, citing accelerating AI demand.

Key Highlights

• Looking ahead, the company guided second quarter revenue to $2.7 billion at the midpoint, representing an acceleration to 35% year-over-year growth.
• Data Center revenue grew 27% year-over-year to $1.83 billion, comprising 76% of total revenue for the quarter.
• Management noted "exceptional AI-related bookings" and significantly raised its revenue outlook for fiscal years 2027 and 2028, citing demand for optics, switches, and custom AI silicon.