Marvell’s stock rockets 18% as data-center business demand grows as ‘at a record pace’

AirdropHarvester · 2026-03-06T16:04:03+00:00

Marvell Technology's shares surged as they reported strong fiscal fourth-quarter earnings, exceeding revenue expectations and offering an optimistic first-quarter forecast of $2.4 billion, surpassing analysts' predictions.

AirdropHarvester

2026-03-06 16:04:03

Abstract generation in progress

Shares of Marvell Technology were standout gainers Friday, as the headed toward their biggest gain in nearly a year, after the company topped revenue and guidance expectations with its fiscal fourth-quarter earnings report.

The chip maker also provided late Thursday an upbeat outlook, with fiscal first-quarter revenue expected to be $2.4 billion, plus or minus 5%. That was above the $2.3 billion in revenue that analysts tracked by FactSet were expecting.

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