Marvell Technology (NASDAQ:MRVL) reported fiscal third-quarter 2025 earnings that exceeded analyst expectations, boosting its stock more than 13% in pre-market today. The company also delivered an optimistic outlook for the fourth quarter, driven by strong demand for its AI-focused products.
The data infrastructure semiconductor solutions provider posted adjusted earnings per share of $0.43, surpassing the Street consensus estimate of $0.41. Quarterly revenue climbed 7% year-over-year to $1.52 billion, exceeding analyst projections of $1.45 billion.
Looking ahead, Marvell offered fourth-quarter guidance that further impressed investors. The company projected revenue of $1.8 billion, with a margin of error of +/- 5%, significantly higher than the $1.646 billion consensus estimate. Adjusted earnings per share were forecasted at $0.59, plus or minus $0.05, also beating expectations of $0.52.
Marvell highlighted AI-related demand as a key growth driver, with third-quarter revenue growing 19% sequentially, outperforming its guidance midpoint. The company projected 26% year-over-year revenue growth for the fourth quarter and anticipated substantial momentum to carry into fiscal 2026.