TECHNOLOGY · MRVL

Marvell Technology Q1 FY27 Revenue of $2.42 Billion and Adjusted EPS of $0.80 Beats $0.79 Estimate as Q3 FY27 $3 Billion Revenue Pulled Forward One Full Quarter Ahead of Prior Outlook

By Charles Bennett, Senior Markets Editor

Marvell Technology reported first-quarter fiscal 2027 results after the bell on May 28 that delivered a modest top-and-bottom-line beat against consensus and a forward-revenue-acceleration disclosure that anchored the after-hours rally. Q1 revenue of $2.42 billion and adjusted EPS of $0.80 beat the $0.79 consensus by one cent. The May 27 regular-session close of $198.70 declined 4.59 percent entering the print, with the after-hours move to 207.33 dollars reflecting a 4.34 percent advance against the regular-session close. Operating cash flow of $638.8 million supported the multi-quarter cash generation profile. The headline catalyst beyond the operational beat was the disclosure that Q3 fiscal 2027 revenue of approximately $3 billion has been pulled forward one full quarter ahead of the prior outlook.

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