Record-Breaking Revenue Growth
Marvell delivered record revenue of $2.075 billion in Q3 FY2026, reflecting a 3% sequential increase and strong 37% year-over-year growth.
Strategic Acquisition of Celestial AI
Marvell announced the acquisition of Celestial AI, expected to strengthen their data center portfolio and capitalize on opportunities in accelerated infrastructure.
Data Center Segment Surge
Data center revenue grew 38% year-over-year, driven by strong AI demand. The segment is expected to continue growing, with a forecasted 25% year-over-year growth in FY2027.
Strong Fiscal 2027 Outlook
Marvell expects data center revenue to grow by more than 25% in FY2027, with overall company revenue forecasted at $2.2 billion for Q4 FY2026.
Strong Financial Performance
Non-GAAP earnings per share of $0.76, reflecting a 77% year-over-year growth. Cash flow from operations was a record $582 million.