Marvell Technology (MRVL) reported record Data Center revenues of $1.44 billion for the first quarter of fiscal 2026, marking a 76% increase year-over-year, driven by the demand for custom AI silicon. The company is enhancing its AI infrastructure capabilities by integrating new components into its custom compute platform and has announced numerous strategic additions.
In May 2025, Marvell partnered with NVIDIA to incorporate NVLink Fusion technology, allowing better integration with NVIDIA’s hardware. Additionally, the introduction of a multi-die packaging solution and the Ultra Accelerator Link (UALink) scale-up solution positions Marvell to significantly contribute to large-scale AI systems with improved performance, power efficiency, and cost reduction.
Despite these advancements, Marvell’s shares have decreased by 31.9% year-to-date, while trading at a forward price-to-sales ratio of 7.36X, lower than the industry average of 8.15X. Zacks Consensus Estimates predict earnings growth of 77.71% for fiscal 2026 and 27.73% for fiscal 2027.
