Marvell posts record Q1 fiscal 2027 revenue of $2.418 billion; guides Q2 to $2.7 billion

Marvell reported record first-quarter fiscal 2027 revenue of $2.418 billion, up 28% year over year, with non-GAAP EPS of $0.80. It guided second-quarter revenue to $2.7 billion at the midpoint and non-GAAP EPS to $0.93, and said it is significantly raising its revenue outlook for both fiscal 2027 and fiscal 2028. Operating cash flow of $638.8 million was a company record.

• Q1 FY2027 revenue $2.418 billion, up 28% year over year, a record
• Q1 non-GAAP gross margin 58.9%; non-GAAP EPS $0.80
• Q2 FY2027 revenue guidance $2.7 billion, plus or minus 5%; non-GAAP EPS $0.93, plus or minus $0.05
• Data center revenue $1,832.7 million, up 27%
• Operating cash flow $638.8 million, a record

SEC filing 8-K · accession 0001835632-26-000014 · sec.gov ↗