Marvell Technology (NASDAQ:MRVL) reported record-breaking fourth-quarter and full-year results for fiscal 2026 on Thursday, bolstered by an unprecedented wave of capital investment in artificial intelligence and data center infrastructure.
The Santa Clara, California-based chipmaker posted fourth-quarter net revenue of $2.219 billion, a 22% increase year-over-year, edging past the $2.20 billion consensus estimate.
Non-GAAP earnings for the period reached $0.80 per share, narrowly beating the $0.79 anticipated by Wall Street.
For the full fiscal year, Marvell achieved a historic revenue milestone of $8.195 billion, representing 42% growth over fiscal 2025.
GAAP net income for the year stood at $2.670 billion, or $3.07 per diluted share, while non-GAAP earnings reached $2.84 per share.
Management highlighted that the company’s design wins reached an all-time high in 2026, particularly within its custom ASIC and optical interconnect portfolios.
Looking forward, CEO Matt Murphy projected that year-over-year revenue growth will accelerate in each quarter of fiscal 2027, as hyperscale cloud providers ramp up deployments of Marvell’s next-generation 1.6T optical products and custom AI accelerators.