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Sentiment · FY2027 Q2
As of FY2027 Q1, the Tellvest earnings-call sentiment score for Marvell Technology (MRVL) is 10/10.
Marvell delivered record revenue of $2.418 billion (+28% YoY) in FY2027-Q1, powered by data center strength at $1.8 billion representing 76% of total revenue. Management raised FY27 full-year revenue guidance to approximately $11.5 billion (~40% YoY growth) and FY28 guidance to $16.5 billion (~45% YoY growth, $1.5 billion above prior outlook), with data center growth projections accelerating from 46% in FY26 to 50% in FY27 to 55% in FY28. Interconnect growth expectations for FY27 were raised from 50% to more than 70% YoY, while custom silicon is on track to more than double in FY28 with management reaffirming line of sight to $10 billion+ in custom revenue by FY29. An expanded NVIDIA partnership spanning silicon photonics, NVLink fusion, and AI RAN further broadened the addressable market.
Scored from Marvell Technology’s FY2027 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2025 Q3 | $1.52B | +6.9% | $-0.78 | -310.5% | 23.0% | -46.4% | -44.6% | $461M |
| FY2025 Q4 | $1.82B | +27.4% | $0.23 | +151.1% | 50.5% | 12.9% | 11.0% | $443M |
| FY2026 Q1 | $1.90B | +63.3% | $0.20 | +180.0% | 50.3% | 14.3% | 9.4% | $213M |
| FY2026 Q2 | $2.01B | +57.6% | $0.22 | +200.0% | 50.4% | 14.5% | 9.7% | $413M |
| FY2026 Q3 | $2.07B | +36.8% | $2.19 | +380.8% | 51.6% | 17.2% | 91.7% | $509M |
| FY2026 Q4 | $2.22B | +22.1% | $0.46 | +100.0% | 48.4% | 18.7% | 17.9% | $259M |
| FY2027 Q1 | $2.42B | +27.6% | $0.04 | -80.0% | 52.1% | 14.0% | 1.4% | $483M |
| FY2027 Q2 | $2.74B | +36.5% | $0.33 | +50.0% | 53.1% | 16.8% | 11.2% | $479M |