Marvell (MRVL) Q1 2027 Earnings Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 45 minutes ago
0mins
Source: NASDAQ.COM
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Analyst Views on MRVL
Wall Street analysts forecast MRVL stock price to fall
30 Analyst Rating
22 Buy
8 Hold
0 Sell
Moderate Buy
Current: 208.260
Low
85.00
Averages
120.12
High
156.00
Current: 208.260
Low
85.00
Averages
120.12
High
156.00
About MRVL
Marvell Technology, Inc. together with its consolidated subsidiaries, is a supplier of data infrastructure semiconductor solutions, spanning the data center core to network edge. It is engaged in the design, development and sale of integrated circuits. Its product offerings include custom application-specific integrated circuits (ASICs), interconnects, ethernet solutions, fiber channel adapters, processors and storage controllers. In addition, it is also developing Ultra Accelerator LinkTM (UALinkTM) switches and ethernet for scale-up networking (ESUN) switches for the emerging scale-out artificial intelligence market. Its solutions integrate multiple analogs, mixed-signal and digital intellectual property components incorporating hardware, firmware and software technologies and its system knowledge to provide its customers with integrated solutions for their end products. It designs and manufactures photonic integrated circuits for ultra-high-bandwidth and low-power applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Marvell (MRVL) Q1 2027 Earnings Transcript
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Marvell Technology Q1 Results Exceed Expectations with Strong AI Demand
- Strong Performance: Marvell Technology reported Q1 revenue of $2.42 billion, slightly above the $2.41 billion estimate and up 28% from last year's $1.9 billion, indicating robust growth in its data center business.
- Earnings Beat: Adjusted earnings came in at $0.80 per share, surpassing the consensus estimate of $0.79, with a non-GAAP gross margin of 58.9%, showcasing the company's effective cost management and profitability.
- Optimistic Q2 Guidance: The company expects Q2 revenue of $2.70 billion, exceeding the $2.60 billion estimate, with adjusted earnings projected at $0.93 per share, reflecting strong growth potential.
- AI Demand Driving Growth: Marvell significantly raised its revenue outlook for fiscal years 2027 and 2028 due to exceptional AI-related bookings, anticipating continued demand for products like 800G and 1.6T optical solutions.
See More
Multiple Companies Report Earnings Beats, Stock Movements
- Salesforce Guidance Adjustment: Salesforce guided for current-quarter revenue between $11.27 billion and $11.35 billion, slightly below analysts' expectations of $11.36 billion, although the company raised its full-year earnings guidance, indicating confidence in future growth.
- Nutanix Strong Earnings: Nutanix reported fiscal third-quarter adjusted earnings and revenue beats, with a non-GAAP operating margin of 22.3%, significantly exceeding analysts' call for 16.9%, reflecting the company's robust performance in the cloud computing sector.
- Agilent Raises Earnings Outlook: Agilent Technologies shares surged 11% after raising its full-year adjusted earnings guidance to between $6 and $6.10 per share, higher than previous estimates of $5.90 to $6.04, demonstrating strong demand in the healthcare equipment market.
- Snowflake Soars: Snowflake's stock jumped 33% in after-hours trading after announcing a $6 billion investment plan in Amazon Web Services over five years, alongside first-quarter results that surpassed estimates, showcasing its enhanced market competitiveness.
See More
Wall Street Edges Higher as Tech Stocks Rebound
- Tech Stock Rebound: Wall Street ended slightly higher on Wednesday, with the S&P 500 nearly flat and the Nasdaq Composite showing gains in the previous session, indicating a rebound in technology stocks that boosted market sentiment.
- Marvell Beats Expectations: Marvell Technology (MRVL) shares rose 3.5% in after-hours trading after reporting first-quarter adjusted earnings of $0.80 per share and a 28% year-over-year revenue increase to $2.42 billion, surpassing Wall Street forecasts and reflecting strong market demand.
- Salesforce Guidance Miss: Salesforce (CRM) reported a 50% year-over-year surge in first-quarter earnings per share for fiscal 2027; however, shares fell about 3% as its second-quarter revenue guidance fell short of expectations, indicating market concerns about future growth.
- Synopsys Shares Decline: Despite Synopsys (SNPS) posting first-quarter results and guidance that exceeded Wall Street expectations, with adjusted earnings of $3.35 per share and a 42.5% year-over-year revenue increase to $2.28 billion, its shares fell 2.2%, reflecting investor caution regarding its future performance.
See More
Marvell Q1 Earnings Preview: High Expectations Ahead
- Earnings Expectations: Marvell's upcoming Q1 earnings report is highly anticipated, especially following a stock rally fueled by AI, with investors hoping for impressive results to justify recent gains.
- Industry Trends: Ahead of Marvell's earnings, chipmakers like Qualcomm and Wolfspeed have seen declines, indicating pressure across the semiconductor sector that could impact Marvell's market performance.
- AI Development: While Marvell's next wave of AI advancements does not focus on chips, its investments and innovations in AI-related technologies remain a focal point for the market, potentially influencing future growth prospects.
- Investor Confidence: As expectations for Marvell rise, investor confidence is also strengthening, and if the earnings results exceed expectations, it could further drive the stock price upward.
See More
Marvell Technology Q1 Results Exceed Expectations
- Strong Performance: Marvell Technology reported an adjusted earnings per share of $0.80 for Q1 ending May 2, with revenue rising 28% year-over-year to $2.42 billion, surpassing analyst expectations of $0.79 and $2.41 billion, indicating robust market performance.
- Optimistic Outlook: The company anticipates second-quarter revenue around $2.7 billion, reflecting a 35% year-over-year growth, as CEO Matt Murphy noted that the sustained strength in the data center business is expected to drive accelerating revenue growth in the coming quarters.
- Surge in AI Demand: Marvell reported exceptional AI-related bookings, prompting a significant upward revision of revenue outlook for fiscal years 2027 and 2028, covering various sectors including 800G and 1.6T optical solutions, showcasing the company's leadership in technological innovation.
- Margin Expectations: The company expects adjusted gross margins to range between 58.25% and 59.25%, and while analysts had forecasted $0.90 per share and $2.6 billion in revenue, Marvell's strong performance may further boost market confidence.
See More
Marvell (MRVL) Q1 2027 Earnings Transcript
See More
Marvell Technology Q1 Results Exceed Expectations with Strong AI Demand
- Strong Performance: Marvell Technology reported Q1 revenue of $2.42 billion, slightly above the $2.41 billion estimate and up 28% from last year's $1.9 billion, indicating robust growth in its data center business.
- Earnings Beat: Adjusted earnings came in at $0.80 per share, surpassing the consensus estimate of $0.79, with a non-GAAP gross margin of 58.9%, showcasing the company's effective cost management and profitability.
- Optimistic Q2 Guidance: The company expects Q2 revenue of $2.70 billion, exceeding the $2.60 billion estimate, with adjusted earnings projected at $0.93 per share, reflecting strong growth potential.
- AI Demand Driving Growth: Marvell significantly raised its revenue outlook for fiscal years 2027 and 2028 due to exceptional AI-related bookings, anticipating continued demand for products like 800G and 1.6T optical solutions.
See More
Multiple Companies Report Earnings Beats, Stock Movements
- Salesforce Guidance Adjustment: Salesforce guided for current-quarter revenue between $11.27 billion and $11.35 billion, slightly below analysts' expectations of $11.36 billion, although the company raised its full-year earnings guidance, indicating confidence in future growth.
- Nutanix Strong Earnings: Nutanix reported fiscal third-quarter adjusted earnings and revenue beats, with a non-GAAP operating margin of 22.3%, significantly exceeding analysts' call for 16.9%, reflecting the company's robust performance in the cloud computing sector.
- Agilent Raises Earnings Outlook: Agilent Technologies shares surged 11% after raising its full-year adjusted earnings guidance to between $6 and $6.10 per share, higher than previous estimates of $5.90 to $6.04, demonstrating strong demand in the healthcare equipment market.
- Snowflake Soars: Snowflake's stock jumped 33% in after-hours trading after announcing a $6 billion investment plan in Amazon Web Services over five years, alongside first-quarter results that surpassed estimates, showcasing its enhanced market competitiveness.
See More
Wall Street Edges Higher as Tech Stocks Rebound
- Tech Stock Rebound: Wall Street ended slightly higher on Wednesday, with the S&P 500 nearly flat and the Nasdaq Composite showing gains in the previous session, indicating a rebound in technology stocks that boosted market sentiment.
- Marvell Beats Expectations: Marvell Technology (MRVL) shares rose 3.5% in after-hours trading after reporting first-quarter adjusted earnings of $0.80 per share and a 28% year-over-year revenue increase to $2.42 billion, surpassing Wall Street forecasts and reflecting strong market demand.
- Salesforce Guidance Miss: Salesforce (CRM) reported a 50% year-over-year surge in first-quarter earnings per share for fiscal 2027; however, shares fell about 3% as its second-quarter revenue guidance fell short of expectations, indicating market concerns about future growth.
- Synopsys Shares Decline: Despite Synopsys (SNPS) posting first-quarter results and guidance that exceeded Wall Street expectations, with adjusted earnings of $3.35 per share and a 42.5% year-over-year revenue increase to $2.28 billion, its shares fell 2.2%, reflecting investor caution regarding its future performance.
See More
Marvell Q1 Earnings Preview: High Expectations Ahead
- Earnings Expectations: Marvell's upcoming Q1 earnings report is highly anticipated, especially following a stock rally fueled by AI, with investors hoping for impressive results to justify recent gains.
- Industry Trends: Ahead of Marvell's earnings, chipmakers like Qualcomm and Wolfspeed have seen declines, indicating pressure across the semiconductor sector that could impact Marvell's market performance.
- AI Development: While Marvell's next wave of AI advancements does not focus on chips, its investments and innovations in AI-related technologies remain a focal point for the market, potentially influencing future growth prospects.
- Investor Confidence: As expectations for Marvell rise, investor confidence is also strengthening, and if the earnings results exceed expectations, it could further drive the stock price upward.
See More
Marvell Technology Q1 Results Exceed Expectations
- Strong Performance: Marvell Technology reported an adjusted earnings per share of $0.80 for Q1 ending May 2, with revenue rising 28% year-over-year to $2.42 billion, surpassing analyst expectations of $0.79 and $2.41 billion, indicating robust market performance.
- Optimistic Outlook: The company anticipates second-quarter revenue around $2.7 billion, reflecting a 35% year-over-year growth, as CEO Matt Murphy noted that the sustained strength in the data center business is expected to drive accelerating revenue growth in the coming quarters.
- Surge in AI Demand: Marvell reported exceptional AI-related bookings, prompting a significant upward revision of revenue outlook for fiscal years 2027 and 2028, covering various sectors including 800G and 1.6T optical solutions, showcasing the company's leadership in technological innovation.
- Margin Expectations: The company expects adjusted gross margins to range between 58.25% and 59.25%, and while analysts had forecasted $0.90 per share and $2.6 billion in revenue, Marvell's strong performance may further boost market confidence.
See More
