Marvell (MRVL) Posts Record $2.07B Revenue, Up 37% YoY

AI Summary

Marvell Technology (MRVL) reported Q3 FY2026 revenue of $2.07 billion, a 37% increase year-over-year. Data center sales reached $1.52 billion, accounting for 73% of total revenue and growing 38% YoY. Non-GAAP EPS rose to $0.76 from $0.43 the previous year. With shares up 179% annually and trading at a forward P/E of 57, there may be limited room for growth based on current valuations, although FY2026 revenue growth is projected above 40%.