Marvell Technology posts strongest Q3 ever with surging revenue growth

Marvell Technology has reported its strongest third quarter to date, posting record gains as demand for advanced data-infrastructure chips continue to heat up across the tech industry.

In its latest quarterly filing, Marvell Technology said revenue surged to $2.075 billion, a massive 37% jump year-over-year, marking one of the company's most impressive earnings moments yet.

The semiconductor giant, known for powering data centres and cloud-scale compute systems, said its momentum was boosted by soaring demand for AI-focused products. 

Data-center revenue alone grew 38% compared to last year, underscoring how rapidly customers are scaling their AI workloads. 

The company also closed the $2.5 billion sale of its automotive ethernet unit to Infineon, booking a pre-tax gain of $1.8 billion.

Adding to its expansion, Marvell Technology confirmed the acquisition of Celestial AI, a move aimed at strengthening its footprint in next-generation AI datacenter infrastructure. 

Executives noted that these strategic shifts position the company for “sustained, long-term acceleration.”

Looking ahead, the company expects revenue to rise to around $2.2 billion in Q4, forecasting full-year growth to exceed 40%. 

With AI demand showing no signs of slowing, analysts noted that the company is entering one of the most lucrative phases in its history.