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May 28, 2026 8:20 AM

These Analysts Boost Their Forecasts On Marvell Technology Following Strong Q1 Results

Marvell Technology Inc. (NASDAQ:MRVL) posted upbeat first-quarter results after Wednesday's closing bell.

Marvell reported quarterly earnings of 80 cents per share, which beat the analyst consensus estimate of 79 cents, according to Benzinga Pro data. Quarterly revenue came in at $2.42 billion, which beat the analyst consensus estimate of $2.4 billion and was up from $1.9 billion in the same period last year. 

"Marvell delivered record first-quarter fiscal 2027 revenue of $2.418 billion, up 28% year-over-year, and guided second-quarter revenue to $2.7 billion at the mid-point, representing 35% year-over-year growth," said Matt Murphy, Marvell CEO.

Marvell expects second quarter adjusted EPS of 88 ...