Marvell Technology Inc
MIL:19MW
Marvell Technology Inc
Marvell Technology, Inc. engages in the design, development, and sale of integrated circuits. The company is headquartered in Wilmington, Delaware and currently employs 7,042 full-time employees. The company went IPO on 2000-06-27. The firm is engaged in the design, development, and sale of integrated circuits. Its product solutions serve five end markets: data center, enterprise networking, carrier infrastructure, consumer, and automotive/industrial. The Company’s product offerings include custom Application Specific Integrated Circuits (ASICs), interconnects, Ethernet solutions, fiber channel adapters, processors and storage controllers. The company develops custom semiconductor solutions tailored to individual customer specifications that deliver system-level differentiation for artificial intelligence, data center, compute, networking, carrier, storage, and other applications. The company offers a complete portfolio of high-speed Interconnect semiconductor solutions for inside cloud data centers, between cloud data centers and in carrier networks.
Marvell Technology, Inc. engages in the design, development, and sale of integrated circuits. The company is headquartered in Wilmington, Delaware and currently employs 7,042 full-time employees. The company went IPO on 2000-06-27. The firm is engaged in the design, development, and sale of integrated circuits. Its product solutions serve five end markets: data center, enterprise networking, carrier infrastructure, consumer, and automotive/industrial. The Company’s product offerings include custom Application Specific Integrated Circuits (ASICs), interconnects, Ethernet solutions, fiber channel adapters, processors and storage controllers. The company develops custom semiconductor solutions tailored to individual customer specifications that deliver system-level differentiation for artificial intelligence, data center, compute, networking, carrier, storage, and other applications. The company offers a complete portfolio of high-speed Interconnect semiconductor solutions for inside cloud data centers, between cloud data centers and in carrier networks.
Record Revenue: Marvell reported record Q3 revenue of $2.075 billion, up 3% sequentially and 37% year-over-year, driven by strong data center demand.
Guidance Raised: Q4 revenue is forecasted at $2.2 billion at the midpoint, representing 6% sequential and 21% year-over-year growth.
Celestial AI Acquisition: Marvell announced the acquisition of Celestial AI, a move aimed at strengthening its position in optical interconnect for data centers, expected to close in Q1 next year.
Strong Data Center Momentum: Data center revenue reached $1.52 billion, up 38% year-over-year, and is expected to grow by more than 25% in fiscal 2027 and accelerate further in fiscal 2028.
Profitability & Cash Flow: Non-GAAP EPS grew 77% year-over-year to $0.76, and operating cash flow hit a record $582 million.
Long-Term Growth Outlook: Management expects continued sequential revenue growth each quarter next year, with a target of $10 billion in FY 2027 and a strong path to further acceleration in FY 2028.
Stock Buybacks: Marvell executed a $1 billion accelerated share repurchase plus $300 million in ongoing buybacks in Q3.
