Marvell Technology Inc. (NASDAQ:MRVL) smashed its artificial intelligence data center revenue target in fiscal 2025. The chipmaker also reiterated plans to exceed fiscal 2026’s target but issued a soft earnings and revenue guidance which was roughly in-line with analyst estimates.
What Happened: About 75% of Marvell’s total revenue in the fourth quarter was driven by AI data center-led sales. Whereas for the full fiscal year 2025, the company’s AI revenue was substantially above its $1.5 billion target.
“We also expect to very significantly exceed our $2.5 billion target in fiscal 2026,” said Matthew Murphy, the chairman, president, and CEO of the company.
While the CFO Willem Meintjes issued a revenue guidance in the range of $1.875 billion, with a plus or minus …
