Marvell Technology(US:MRVL) Zhi Tong Cai Jing·2025-12-03 15:09Core Viewpoint - Marvell Technology (MRVL.US) reported strong Q3 FY2026 earnings, with revenue of $2.075 billion, a 37% year-over-year increase, surpassing expectations of $2.069 billion, and adjusted EPS of $0.76, exceeding the forecast of $0.74 [1] Group 1: Financial Performance - Revenue for Q3 FY2026 reached $2.075 billion, reflecting a 37% year-over-year growth [1] - Adjusted earnings per share (EPS) were reported at $0.76, above the expected $0.74 [1] Group 2: Future Projections - The company anticipates that data center business revenue will grow over 25% year-over-year in FY2027, significantly exceeding the market expectation of 16% [1] - Projections indicate that growth rates will accelerate further in FY2028 [1] Group 3: Strategic Acquisition - On December 2, 2025, Marvell announced the acquisition of Celestial AI for $3.25 billion in cash and stock, with a maximum transaction value of $5.5 billion [1] - The acquisition is seen as a strategic move to secure core intellectual property (IP) in light of the potential standardization of optical interconnect technology in next-generation AI servers [1] - This positions Marvell favorably in securing future orders from major cloud players like Microsoft and Google [1]