Marvell reported **record Q1 FY2027 revenue of 2.418billion∗∗,up282.418billion∗∗,up2818M. Gross margin expanded 180bps to 52.1% . However, **GAAP net income fell 81% YoY to 34.5M∗∗(34.5M∗∗(0.04 per share), primarily due to acquisition‑related costs. In contrast, operating cash flow surged 92% to a record $639M .

Data center revenue – the core growth driver – reached $1.833 billion , up 27% YoY and accounting for 76% of total revenue, fueled by AI infrastructure orders.

During the quarter, Marvell closed two key acquisitions (Celestial AI, XConn Technologies), strengthening its AI chip and interconnect portfolio. Non‑GAAP gross margin stood at 58.9% .

For Q2 FY2027, Marvell guides revenue of **2.565–2.835billion∗∗(midpoint2.565–2.835billion∗∗(midpoint2.7B, +35% YoY), raising full‑year expectations for both FY2027 and FY2028.

ICgoodFind: Record revenue and cash flow confirm Marvell’s AI data center momentum, despite near‑term GAAP profit pressure.