Marvell forecasts quarterly revenue above estimates on AI chip demand; shares rise
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Marvell forecasts quarterly revenue above estimates on AI chip demand; shares rise Reuters Wed, May 27, 2026 at 3:10 PM CDT 1 min read MRVL NVDA May 27 (Reuters) - Marvell Technology forecast quarterly revenue above estimates on Wednesday, signaling strong demand for its networking and custom silicon chips used in the AI data center buildout. Shares of the Santa Clara, California-based company, rose over 6% in extended trading. They have more than doubled so far this year. The surge in AI adoption has fueled demand for specialized chips, particularly Marvell's custom AI processors, which are gaining traction as a cost-effective alternative to Nvidia 's expensive offerings. These chips, along with Marvell's interconnect technologies, play a critical role in advanced data centers by linking thousands of processors used to train and run AI models. Marvell expects revenue of $2.70 billion for the second quarter, plus or minus 5%, compared with the analysts' average estimate of $2.60 billion, according to data compiled by LSEG. Adjusted profit is expected to be 93 cents per share, plus or minus 5 cents, above estimates of 90 cents apiece. Marvell and larger rival Broadcom help cloud-computing companies design custom chips tuned to their specific data center needs, and that work has grown into a large business for both companies. The company has been a key beneficiary of surging capital spending by hyperscalers, who use its technology for high-speed connectivity inside data centers. U.S. tech giants, including Alphabet and Amazon are expected to spend more than $700 billion on AI infrastructure this year, a sharp rise from around $400 billion in 2025. In the first quarter, Marvell's revenue rose 28% to $2.42 billion, beating estimates of $2.40 billion. Adjusted profit came in at 80 cents per share, exceeding estimates of 79 cents. (Reporting by Anhata Rooprai in Bengaluru; editing by Alan Barona)
AI 시장 분석
Marvell Technology forecasts quarterly revenue above estimates due to strong demand for its chips used in AI data center buildouts. This highlights the robust growth in the AI infrastructure market, driven by hyperscalers' increased investments, and positions Marvell's custom AI processors as a cost-effective alternative.
상승 영향
- AI — Demand for AI chips and data center infrastructure essential for training and running AI models is surging, supported by hyperscalers' expanding investments in AI infrastructure.
- Semiconductors — Marvell's revenue forecast was raised due to increased demand for networking and custom silicon chips for AI data centers, indicating overall growth in the AI-related semiconductor industry.
- Data Center Infrastructure — The growing need for high-performance and expanded data centers to train and operate AI models is driving a surge in demand for networking and interconnect technologies from companies like Marvell.
- Cloud Computing — Cloud computing companies are significantly increasing custom chip design and AI infrastructure investments to expand AI services, which is expected to boost providers of related technologies and equipment.
하락 영향
- High-Performance GPUs — Marvell's custom AI processors are emerging as a cost-effective alternative to NVDA's expensive offerings, suggesting potential increased competition within the high-performance GPU market.
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