From Financial Modeling Prep: 2025-05-30 16:15:00

Marvell Technology (NASDAQ:MRVL) started fiscal 2026 with strong revenue but saw shares drop 5% despite a 63% revenue increase year-over-year. Q1 revenue hit $1.895 billion, slightly beating expectations. Adjusted EPS at $0.62 met forecasts, with GAAP earnings at $0.20 per share. Strategic partnerships in custom silicon, like Amazon’s 3nm chip program, were highlighted.

For Q2, Marvell projects $2.0 billion in revenue and non-GAAP EPS of $0.67, in line with analyst estimates. Gross margins expected to stay at 59-60%. The company’s partnerships with Amazon and Microsoft reinforce its position in the AI hardware space. Investors seem unimpressed, wanting more from the AI chipmaker despite solid performance.



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