Marvell Technology Exceeds Q4 Earnings Expectations with Strong AI Data Center Demand

Marvell Technology reported Q4 earnings that exceeded expectations, driven by strong demand for AI data center solutions. The company's adjusted EPS was $0.80, beating the analyst consensus of $0.79, and revenue hit a record $2.22 billion, up 22% YoY. The data center segment generated $1.65 billion in revenue, accounting for 74% of overall sales and up 21% YoY.