Marvell Technology(US:MRVL) Ge Long Hui·2025-12-03 01:37Core Insights - Marvell Technology (MRVL.US) shares rose over 8% in after-hours trading, reaching $100.39 [1] - The company reported Q3 FY2026 earnings with revenue of $2.08 billion, a 37% year-over-year increase, slightly above market expectations of $2.07 billion [1] - Adjusted earnings per share (EPS) were $0.76, exceeding market expectations of $0.74 [1] - Data center revenue for the quarter was $1.52 billion, a 38% year-over-year increase, also slightly above the expected $1.51 billion [1] - For Q4, the company projects revenue of $2.2 billion and adjusted EPS of $0.79, both in line with market expectations [1] - Marvell Technology announced the acquisition of chip startup Celestial AI for approximately $3.25 billion in cash and stock [1] - The acquisition aims to enhance Marvell's competitive position in AI data center connectivity, competing with Nvidia and Broadcom [1]