The company, which provides custom chips and optical networking solutions for hyperscale data centers, reported data center revenue of $1.833 billion, accounting for 76% of its total revenue. Marvell CEO Matt Murphy stated that revenue growth is expected to accelerate quarter-over-quarter throughout fiscal year 2027. Additionally, free cash flow in the first quarter increased by 126.8% year-over-year to $483.1 million. NVIDIA CEO Jensen Huang once called Marvell "the next trillion-dollar company."