The earnings call showcased strong financial performance with record revenue growth driven by the data center market and strategic initiatives like the sale of the automotive Ethernet business. However, there were declines in consumer and industrial revenues, and macroeconomic uncertainties were noted as potential challenges.

Company Guidance

In the first quarter of fiscal year 2026, Marvell Technology reported record revenue of $1.895 billion, reflecting a 4% sequential increase and a robust 63% year-over-year growth, surpassing the midpoint of their guidance. The data center end market was a significant contributor, achieving $1.44 billion in revenue, marking a 5% sequential and 76% year-over-year increase, driven by strong AI demand. Marvell also announced a substantial increase in stock repurchases, buying back $340 million worth of stock, up from $200 million in the previous quarter. Their non-GAAP earnings per share exceeded the midpoint of guidance, showcasing significant operating leverage with a year-over-year growth of 158%. Looking ahead, Marvell forecasts second-quarter revenue to reach $2 billion at the midpoint, representing a 57% year-over-year growth. The company also announced the sale of its automotive Ethernet business in a $2.5 billion cash transaction, expected to close within the 2025 calendar year, providing further flexibility in capital allocation strategy.

Record Revenue Growth

Marvell reported record revenue of $1.895 billion for Q1 FY2026, reflecting a 4% sequential increase and a 63% year-over-year growth.

Strong Data Center Performance

The data center end market achieved revenue of $1.44 billion, growing 5% sequentially and 76% year-over-year, driven by AI demand and custom AI silicon programs.

Significant Stock Repurchases

Marvell increased stock repurchases, buying back $340 million in Q1, up from $200 million in the prior quarter.

Automotive Ethernet Business Sale

Announced the sale of the automotive Ethernet business to Infineon for $2.5 billion in an all-cash transaction, expected to close within calendar 2025.

Strategic Partnerships and Innovations

Partnership with NVIDIA on NVLink fusion technology and introduction of a new multi-die packaging platform for custom silicon.

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
Nov 27, 2025	2026 (Q3)	0.72 / -	0.43	―	―	―
Aug 28, 2025	2026 (Q2)	0.67 / 0.67	0.3	123.33% (+0.37)
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)

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.