Marvell Technology — 2026Q3 财报

来自财报

Marvell beat its own guidance with record revenue of $2.739 billion, driven by a 46% year-over-year acceleration in data center, and raised its revenue outlook for both fiscal 2027 and fiscal 2028.

• “Net revenue for the second quarter of fiscal 2027 was $2.739 billion, $39.0 million above the mid-point of the Company’s guidance provided on May 27, 2026.”

  Revenue was a record and landed above the mid-point of the guidance the company itself had set three months earlier.

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• “GAAP net income for the second quarter of fiscal 2027 was $308.0 million, or $0.33 per diluted share. Non-GAAP net income for the second quarter of fiscal 2027 was $865.9 million, or $0.94 per diluted share. Cash flow from operations for the second quarter was $605.5 million.”

  Earnings carry a large GAAP-to-non-GAAP gap: non-GAAP diluted EPS of $0.94 versus $0.33 on a GAAP basis.

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• “Marvell delivered record second-quarter fiscal 2027 revenue of $2.739 billion, up 37% year over year, driven by continued strong demand across our Data Center portfolio, where revenue growth accelerated to 46% year over year,”

  The data center portfolio is the engine: management says its growth rate accelerated to 46% year over year, outpacing the 37% total.

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• “Given this strength, we are again raising our revenue outlook for both fiscal 2027 and fiscal 2028 compared with the guidance we provided last quarter. We are seeing broad-based strength across our Data Center portfolio, including strong demand in Connectivity and a significant acceleration in our Custom business beginning in the second half of fiscal 2027.”

  Management raised the revenue outlook for two fiscal years at once, and pointed to a second-half inflection in the custom silicon business.

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• “Net revenue is expected to be $3.150 billion +/- 5%.”

  Next-quarter guidance steps up sharply from the quarter just reported, on both revenue and non-GAAP EPS.

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