🟢 MVLL is trading 11.5% up today after beating Q1 earnings and significantly raising its AI-driven revenue outlook

MVLL is trading at $106.18, up 11.5% in after-hours trading after reporting strong Q1 FY27 results and boosting its forward guidance.

• Q1 Results: The company reported revenue of $2.418 billion and non-GAAP earnings per share of $0.80, beating the midpoint of its own guidance and meeting or beating analyst expectations.
• Raised Outlook: Citing "exceptional AI-related bookings," Marvell significantly raised its revenue outlook for both fiscal 2027 and 2028 and guided for second-quarter revenue of $2.7 billion at the midpoint, representing 35% year-over-year growth.