Marvell Technology (MRVL) reported strong Q3 fiscal 2026 results, with data center business revenues reaching $1.52 billion, up 38% YoY. AI-driven demand for networking products boosted growth, with optical interconnect product revenues growing at a double-digit rate. The company expects data center switch revenues to exceed $500 million in fiscal 2027.

Marvell Technology forecasts data center revenues to grow over 25% in fiscal 2027, driven by AI investments and customer demand. Competitors like Broadcom (AVGO) and NVIDIA (NVDA) also benefit from AI-related growth, with AVGO expecting AI revenues to double in Q1 fiscal 2026. NVDA reported $51 billion in data center revenues in Q3 fiscal 2026, up 66% YoY.

Marvell Technology’s stock has gained 16.6% in the past six months. With a forward P/S ratio of 7.33X, higher than the industry average, the company expects strong earnings growth in fiscal 2026 and 2027. The Zacks Consensus Estimate suggests a 80.9% YoY growth in fiscal 2026 earnings.

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Read more at Nasdaq: MRVL’s Data Center Revenues Hit $1.5B: Can the Momentum Continue?