The earnings call reflects a strong performance with record revenue and significant growth driven by the data center and AI segments. Despite challenges in the consumer and automotive sectors, the company's strategic initiatives, such as the sale of the automotive Ethernet business and expansion in AI technology, position it well for continued growth.

Company Guidance -

Q2 2026

During Marvell Technology's first quarter fiscal year 2026 earnings call, the company announced a record revenue of $1.895 billion, which reflected a 4% sequential increase and a strong 63% year-over-year growth. Non-GAAP earnings per share exceeded the midpoint of guidance, driven by robust AI demand. Marvell significantly increased stock repurchases, buying back $340 million in the first quarter compared to $200 million in the prior quarter. The company is forecasting second-quarter revenue of $2 billion at the midpoint of guidance, representing 57% year-over-year growth. Data center revenue in the first quarter was $1.44 billion, showing a 5% sequential growth and 76% year-over-year increase. Looking forward, Marvell expects data center revenue to continue growing in the mid-single-digit range sequentially while maintaining strong year-over-year growth. The company also highlighted the rapid scaling of custom AI silicon programs and the significant interest from customers in their advanced technology solutions. Additionally, Marvell announced the sale of its automotive Ethernet business to Infineon for $2.5 billion, which is expected to close in calendar 2025, providing additional flexibility in their capital allocation strategy.

Record Revenue and Growth

Marvell delivered record revenue of $1.895 billion, a 4% sequential increase and 63% year-over-year growth. Second-quarter revenue is expected to be $2 billion, representing 57% year-over-year growth.

Strong Data Center Performance

Data center revenue grew by 5% sequentially and 76% year-over-year to $1.44 billion, driven by AI demand and custom AI silicon programs.

Significant Stock Repurchases

Marvell repurchased $340 million in stock, a substantial increase from $200 million in the prior quarter.

Sale of Automotive Ethernet Business

Marvell announced the sale of its automotive Ethernet business to Infineon for $2.5 billion, which will enhance capital allocation flexibility.

Expansion in Custom Silicon and AI

Continued strong interest and progress in custom AI silicon programs with major hyperscale customers, including a partnership with NVIDIA for NVLink fusion technology.

Marvell (MRVL) Earnings, Revenues Date & History

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MRVL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 28, 2025	2026 (Q2)	0.67 / -	0.3	―	―	―
May 30, 2025	2026 (Q1)	0.61 / 0.62	0.24	158.33% (+0.38)
Mar 05, 2025	2025 (Q4)	0.59 / 0.60	0.46	30.43% (+0.14)
Dec 03, 2024	2025 (Q3)	0.41 / 0.43	0.41	4.88% (+0.02)
Aug 29, 2024	2025 (Q2)	0.29 / 0.30	0.33	-9.09% (-0.03)
May 30, 2024	2025 (Q1)	0.24 / 0.24	0.31	-22.58% (-0.07)
Mar 07, 2024	2024 (Q4)	0.46 / 0.46	0.46	0.00% (0.00)
Nov 30, 2023	2024 (Q3)	0.40 / 0.41	0.57	-28.07% (-0.16)
Aug 24, 2023	2024 (Q2)	0.32 / 0.33	0.57	-42.11% (-0.24)
May 25, 2023	2024 (Q1)	0.29 / 0.31	0.52	-40.38% (-0.21)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MRVL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 30, 2025	$60.14	$61.42	+2.13%
Mar 05, 2025	$89.96	$72.14	-19.81%
Dec 03, 2024	$95.67	$117.86	+23.19%
Aug 29, 2024	$69.61	$75.99	+9.17%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.