Marvell Technology raises multi-year sales outlook after in-line Q1 results, stock rises
By
Luke Kawa
4d ago· 6 min readenNews
100/100
Golden Brown
Bagelometer↗
The bagel they save for the regulars. Don't skim, savour.
Score100TypenewsSentimentpositive
Summary
Marvell Technology reported in-line Q1 fiscal 2027 results but significantly raised its sales outlook for the next two years, driven by strong demand for custom chips and networking solutions. The company's current quarter revenue guidance ($2.57B-$2.84B midpoint) exceeded consensus estimates of $2.61B, and adjusted EPS guidance of $0.93 also beat the Street's $0.90 estimate. The optimistic forward guidance led to a postmarket stock rally.
Key quotes
· 4 pulledMarvell Technology is higher in postmarket trading after the custom chip and networking company released in-line results while continuing to offer an increasingly optimistic view on future sales.
For the current quarter, management expects sales from $2.57 billion to $2.84 billion, the midpoint of which is higher than the $2.61 billion consensus estimate.
The outlook for adjusted net income per share is $0.93, +/- $5 cents, which is above the $0.90 call from the Street.
It's deja vu all over again. Marvell had set a high bar for itself
The networking and custom chip company just reported Q1 results.
