**Marvell Technology Reports Q3 Fiscal 2026 Results**
Marvell Technology (MRVL) announced significant third-quarter results for fiscal 2026, revealing data center revenue of $1.52 billion, a 38% increase year-over-year and accounting for 73% of total revenues. The surge is attributed to a rapid rise in artificial intelligence (AI) spending by major cloud customers, significantly boosting demand for Marvell’s interconnect products.
The company expects data center revenues to exceed $500 million in fiscal 2027, driven by strong demand for its 12.8T switches and the launch of new 51.2T switches. Additionally, Marvell anticipates at least 20% growth in its custom silicon business for the same fiscal year, riding on robust AI investments. The Zacks Consensus Estimate projects revenue growth of 41.9% and 22.4% for fiscal 2026 and 2027, respectively.
