Tradingkey – On May 27, Eastern Time, Marvell Technology ( MRVL) released its first-quarter financial results for fiscal year 2027 during post-market trading, delivering revenue that exceeded market expectations.

During the period, Marvell’s first-quarter revenue hit a record high of $2.418 billion, compared with $1.895 billion in the same period last year, a year-on-year increase of 28%, slightly above the market expectation of $2.4 billion. This figure was $18 million higher than the midpoint of the previous guidance.

Breaking down the revenue structure, data center remains the primary source of revenue for Marvell, accounting for 76% of the total. However, the communications business also maintained a strong growth trend, with both…