Marvell Releases First Quarter Financial Results for Fiscal Year 2026

Marvell achieved record revenue of $1.895 billion in the first quarter of fiscal year 2026, a year-on-year increase of 63%. Although data center business revenue continued to grow, the month-on-month growth rate slowed down. AI custom ASIC business has become the main driver of growth, but its gross profit margin is low, which has an impact on the overall profit margin.