Marvell Official Q1 FY2027 Financial Report Draft:


Q1 FY2027 revenue: $2.418 billion, up 28% year-over-year
Non-GAAP EPS: $0.80
Operating cash flow: $638.8 million, a record high
Non-GAAP gross margin: 58.9%
Q2 revenue guidance: $2.700 billion +/-5%, approximately +35% YoY
Q2 Non-GAAP EPS guidance: $0.93 +/-0.05
More importantly, the mid- to long-term guidance has been upgraded:
FY2027 revenue: nearly $11.5 billion, about +40% YoY FY2027 data center: about +50% FY2027 interconnect: >70%, higher than the previous estimate of about 50% FY2028 revenue: $16.5 billion, about $1.5 billion higher than previous quarterly outlook FY2028 data center: about +55% FY2028 custom business: expected to double or more YoY
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