Overview

• Marvell posted first-quarter revenue of $1.9 billion, surpassing analysts’ consensus of $1.88 billion.
• The data center segment generated $1.44 billion in revenue, a 76% year-over-year increase that set a new quarterly high.
• The company projects second-quarter net revenue of $2 billion, plus or minus 5%, which exceeds analysts’ average forecast.
• Rapid scaling of custom AI silicon programs alongside strong shipments of electro-optics products is driving the data center surge.
• Consumer and industrial segments underperformed, with consumer revenue down 29% sequentially to $63.1 million and industrial revenue down 12%.