Earnings Call Insights: Marvell Technology, Inc. (MRVL) Q4 2026 Management View CEO Matthew Murphy welcomed the Celestial AI and XConn teams, noting that "these highly strategic additions further strengthen our technology platform and significantly enhance Marvell's position in the rapidly emerging AI scale-up networking market." Murphy reported record Q4 revenue of $2.219 billion, reflecting 7% s...
Earnings Call Insights: Marvell Technology, Inc. (MRVL) Q4 2026 Management View CEO Matthew Murphy welcomed the Celestial AI and XConn teams, noting that "these highly strategic additions further strengthen our technology platform and significantly enhance Marvell's position in the rapidly emerging AI scale-up networking market." Murphy reported record Q4 revenue of $2.219 billion, reflecting 7% sequential growth, and stated "revenue exceeded the midpoint of guidance, driven by strong demand in our data center end market." He described fiscal 2026 as "an exceptional year for Marvell," with revenue growing 42% year-over-year to $8.2 billion and data center revenue surpassing $6 billion, growing 46% year-over-year. Murphy stated, "As we begin fiscal 2027, we are seeing very strong demand across our entire data center portfolio with bookings accelerating at a record pace." He highlighted that Marvell expects Q1 fiscal 2027 revenue to grow 8% sequentially at the midpoint to $2.4 billion and projected that "revenue exiting this year [Q4] will exceed $3 billion." Murphy announced, "we now expect overall Marvell revenue in fiscal 2027 to grow more than 30% year-over-year, approaching $11 billion," noting this outlook is "meaningfully higher than what we communicated in our prior updates." CFO Willem Meintjes stated, "In fiscal 2026, Marvell delivered $8.195 billion in revenue, growing 42% year-over-year. This growth was primarily driven by AI demand in our data center end market, as well as the continuing recovery in our communications and other end markets." Outlook Murphy raised fiscal 2027 revenue guidance to approach $11 billion, up from the $10 billion communicated in December and $9.5 billion from September, attributing the increase to accelerating data center demand. Management expects fiscal 2027 data center revenue to grow by 40% year-over-year and the interconnect business to grow more than 50% year-over-year. Looking ahead to fiscal 2028, Murphy projected "Marve...
STORY: Broadcom shares jumped on Thursday after the company predicted over $100 billion in AI chip sales next year, signaling rapid share gains in the market dominated by Nvidia. As demand for AI training, inference and automated “agent” systems grows, Ahlsten says companies are pouring billions into specialized chips, calling it "the largest generational investment that I've seen in my career." "...
STORY: Broadcom shares jumped on Thursday after the company predicted over $100 billion in AI chip sales next year, signaling rapid share gains in the market dominated by Nvidia. As demand for AI training, inference and automated “agent” systems grows, Ahlsten says companies are pouring billions into specialized chips, calling it "the largest generational investment that I've seen in my career." "Clearly with Hock Tan, their CEO talking about $100 billion in sales for custom silicon, fantastic opportunities there and really a big driver of Broadcom and we think this is quite durable as we go from training A.I. models to the search engine world," he added.
Morgan Stanley is adopting a more cautious stance on Asian equities, trimming its India exposure on concerns that the Iran war may disrupt supply chains if oil flows through the Strait of Hormuz fail to recover. “We stay defensive,” Morgan Stanley strategists including Daniel Blake and Jonathan Garner wrote in a note dated March 5. “Asia remains critically dependent on Middle Eastern supply of cru...
Morgan Stanley is adopting a more cautious stance on Asian equities, trimming its India exposure on concerns that the Iran war may disrupt supply chains if oil flows through the Strait of Hormuz fail to recover. “We stay defensive,” Morgan Stanley strategists including Daniel Blake and Jonathan Garner wrote in a note dated March 5. “Asia remains critically dependent on Middle Eastern supply of crude oil, refined products and LNG and we believe the market is too complacent about supply chain risks.” The strategists downgraded India from overweight to equal-weight in their latest reshuffle, citing the country as one of the Asian markets most exposed to potential Qatari LNG supply disruptions. With uncertainty around AI and high valuations, global investors may wait — possibly until South Korea and Taiwan’s tech cycle peaks — before shifting back toward India, they said. Morgan Stanley’s shift highlights rising geopolitical risks as the Iran war reshapes energy flows and risk premiums. Prolonged disruption in the Strait of Hormuz could lift oil and LNG prices, pressure energy-importing Asia , and trigger earnings downgrades. Concerns are mounting that a sustained supply shock may spark a global economic slowdown, undermining key export industries. Global investors are pulling money out of emerging Asia’s major markets. Since the war began, foreigners have withdrawn about $1.3 billion from India, which has limited exposure to AI. Meanwhile, chip-heavy Taiwan and Korea have seen even larger outflows — $1.6 billion from Korea this week and about $7.9 billion from Taiwan.
Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures. The February jobs report is on tap. Costco Wholesale and Marvell Technology headlined earnings after the close.
Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures. The February jobs report is on tap. Costco Wholesale and Marvell Technology headlined earnings after the close.