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May 03, 2025
Marvell Q1 2026 Earnings Report
Marvell reported record revenue and strong net income, driven by AI demand in data centers.
Key Takeaways
Marvell Technology delivered a robust Q1 FY2026 with record-breaking revenue and solid profitability, significantly boosted by AI-related custom silicon demand in the data center segment.
Achieved record revenue of $1.895 billion in Q1 FY2026.
GAAP Net Income reached $177.9 million; Adj. EPS was $0.62.
Data Center segment contributed 76% of total revenue, up 76% YoY.
Strong momentum expected to continue into Q2 with AI infrastructure demand.
Revenue by Segment
Forward Guidance
Marvell expects continued growth in Q2 FY2026, driven by AI infrastructure expansion and strong demand in custom silicon.
Positive Outlook
- Revenue projected to grow to approximately $2.0 billion.
- Continued strength in data center and AI demand.
- GAAP EPS expected to rise to $0.21.
- Non-GAAP EPS forecasted at $0.67.
- Improved visibility into second-half custom silicon demand.
Challenges Ahead
- Consumer and automotive segments showed QoQ declines.
- Gross margin expected to remain flat or slightly decline.
- R&D and operating expenses projected to increase.
- Cash balance declined by $62.4 million QoQ.
- Ongoing macroeconomic and geopolitical risks cited in outlook.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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