Marvell Technology Group Ltd. (NASDAQ:MRVL) posted better-than-expected fourth-quarter results on Thursday, driven by robust demand in its data center business and record design wins.
For the quarter ended February 29, Marvell reported revenue of $2.219 billion, up 22% year-over-year and slightly above analysts’ estimate of $2.21 billion. Adjusted earnings per share came in at $0.80, beating the Street’s $0.79 forecast. Non-GAAP gross margin for the quarter was 59%.
Looking ahead, the company expects first-quarter revenue of $2.4 billion, surpassing the consensus estimate of $2.28 billion. Adjusted EPS is projected at $0.79, above the $0.74 expected by analysts, with gross margins estimated between 58.25% and 59.25%.
“We expect year-over-year revenue growth to accelerate each quarter in fiscal 2027, driven by continued strength in our data center business, with bookings continuing to grow at a record pace,” Marvell CEO Matthew Murphy said. “In addition to our strong results and outlook, our design wins in fiscal 2026 hit an all-time record, which we expect will continue to fuel our future growth.”
Following the earnings report, Marvell shares jumped 9.3% in after-hours trading.