Marvell reports record Q1 FY2027 revenue of $2.418B, up 28% YoY

Marvell Technology delivered record first-quarter fiscal 2027 revenue of $2.418 billion, exceeding guidance, with strong AI-driven demand expected to accelerate growth throughout the year. The company raised full-year outlooks for fiscal 2027 and 2028, guiding Q2 revenue to $2.7 billion representing 35% year-over-year growth, driven by data center and AI-related solutions.