US Stock Market Move | Q4 performance and revenue outlook exceed expectations, Marvell Technology, Inc. (MRVL.US) is up over 16.8%.

On Friday, Marvell Technology, Inc. (MRVL.US) saw its stock price rise against the market trend, reaching $88.4 per share, an increase of over 16.8% as of press time. The company's latest financial report and revenue outlook exceeded market expectations. The company's fourth-quarter revenue increased by over 20% year-on-year to a record $2.22 billion, with adjusted earnings per share of $0.80, slightly higher than analysts' expectations of $2.21 billion and $0.79 per share respectively. Net profit reached $396 million, a significant increase of 97.9% year-on-year. During the period, data center revenue increased by 21% year-on-year to $1.65 billion, surpassing analysts' expectations of $1.63 billion. Looking ahead to the first quarter, the company expects revenue to reach $2.4 billion (with a variance of 5%) and earnings per share to be $0.79 (with a variance of 5%), both exceeding analysts' expectations of $2.28 billion and $0.74 per share. In addition, the company expects its revenue for the fiscal year 2027 to approach $11 billion, a year-on-year increase of over 30%, continually raising from the previous targets of $9.5 billion in September and $10 billion in December. The company predicts that revenue for the fiscal year 2028 will reach $15 billion, a year-on-year increase of nearly 40%, with an increase of around $2 billion from the previous target set in December.