{"slug": "marvell-technology-boosts-sales-guidance-for-this-year-and-the-next-again", "title": "Marvell Technology boosts sales guidance for this year and the next (again)", "summary": "Marvell Technology raised its fiscal 2027 revenue guidance to $11.5 billion and fiscal 2028 outlook to $16.5 billion, citing exceptional AI-related demand across its custom chip and networking solutions. The company reported first-quarter net revenue of $2.42 billion and adjusted earnings of $0.80 per share, both in line with analyst estimates, while current-quarter guidance exceeded Wall Street expectations.", "body_md": "# Marvell Technology boosts sales guidance for this year and the next (again)\n\n[Marvell Technology](https://robinhood.com/us/en/stocks/MRVL/?source=sherwood) gave back most of its big-knee jerk gains after the custom chip and networking company released in-line results while continuing to offer an increasingly optimistic view on future sales.\n\nShares peaked during the conference call as management formalized its sales outlook.\n\nThe company lifted its revenue guidance for this fiscal year to $11.5 billion, up $500 million from the outlook delivered last quarter. The following year, Marvell anticipates sales of $16.5 billion, a $1.5 billion boost in the view versus three months ago. That fiscal 2028 guidance is well ahead of Wall Street’s call for $15.3 billion.\n\n“We are seeing exceptional AI-related bookings, and as a result, we are significantly raising Marvell’s revenue outlook for both fiscal 2027 and fiscal 2028 compared with the guidance we provided last quarter,” said Chairman CEO Matt Murphy in the press release, attributing this to “strong demand across a broad set of Marvell solutions.”\n\nTaking a step back, here were key numbers for Marvell’s opening quarter fiscal 2027:\n\nNet revenue: $2.42 (estimate: $2.41 billion, guidance for $2.4 billion +/- 5%)\n\nAdjusted net income per share: $$0.80 (estimate: $0.80, guidance for $0.79 +/- 5 cents)\n\nFor the current quarter, management expects sales from $2.57 billion to $2.84 billion, the midpoint of which is higher than the $2.61 billion consensus estimate. The outlook for adjusted net income per share is $0.93, +/- $5 cents, which is above the $0.90 call from the Street.\n\nIt’s deja vu all over again. Marvell had set a high bar for itself coming into this report. The stock surged even after its Q4 [results came in broadly in line with estimates](https://sherwood.news/markets/marvell-technology-q4-2026-earnings-report/) in early March, as management issued rosy Q1 guidance and an upgrade to its sales forecast through 2027 (its fiscal 2028).\n\nThat bar is just getting even higher:\n\nTo borrow a [line](https://x.com/BenBajarin/status/2057458404227198976) from Creative Strategies CEO and principal analyst Ben Bajarin, “All viable compute will be used.”\n\nThat sentiment is the loose reason why the stock has more than doubled year to date heading into this release, riding the wave of heavy demand for both compute and connectivity solutions.\n\nMarvell already counts Microsoft and Amazon as major customers (and is r[eportedly in talks ](https://sherwood.news/markets/marvell-and-google-reportedly-in-talks-to-develop-new-ai-chips/)with Google about custom chips). At the end of March, the company got the Jensen Huang seal of approval, receiving[ a $2 billion investment](https://sherwood.news/markets/marvell-spikes-after-nvidia-invests-usd-2-billion-in-custom-chip-maker/) from Nvidia as part of a partnership to ensure custom chips work seamlessly within Nvidia’s data center architecture.", "url": "https://wpnews.pro/news/marvell-technology-boosts-sales-guidance-for-this-year-and-the-next-again", "canonical_source": "https://sherwood.news/markets/marvell-technology-q1-2026-earnings-report-ai-boom-custom-chips-networking/", "published_at": "2026-05-27 20:17:03+00:00", "updated_at": "2026-05-27 21:19:37.445595+00:00", "lang": "en", "topics": ["ai-chips", "artificial-intelligence", "ai-infrastructure"], "entities": ["Marvell Technology", "Matt Murphy"], "alternates": {"html": "https://wpnews.pro/news/marvell-technology-boosts-sales-guidance-for-this-year-and-the-next-again", "markdown": "https://wpnews.pro/news/marvell-technology-boosts-sales-guidance-for-this-year-and-the-next-again.md", "text": "https://wpnews.pro/news/marvell-technology-boosts-sales-guidance-for-this-year-and-the-next-again.txt", "jsonld": "https://wpnews.pro/news/marvell-technology-boosts-sales-guidance-for-this-year-and-the-next-again.jsonld"}}