Marvell Technology Is Not Just A Chip Story Anymore — Here’s Why Interconnect Matters!

Marvell Technology, Inc. reported first-quarter fiscal 2027 results showing record revenue of $2.418 billion, representing 28% year-over-year and 9% sequential growth, primarily driven by strength in its data center segment, which accounted for 76% of total revenue. The company’s non-GAAP earnings per share of $0.80 slightly exceeded guidance. Marvell projects continued acceleration in growth throughout fiscal 2027, with second-quarter revenue expected at approximately $2.7 billion, marking a 12% sequential and 35% year-over-year increase, and anticipates surpassing $3 billion in quarterly revenue by the third quarter—one quarter ahead of prior guidance. For the full fiscal 2027 year, revenue is forecasted to grow roughly 40% to nearly $11.5 billion, driven by a data center revenue increase of about 50%, with the interconnect business expected to grow more than 70%. Fiscal 2028 outlook calls for 45% overall revenue growth to around $16.