Marvel's Q1 financial report exceeds expectations, America raises target price, AI hardware industry chain sentiment significantly boosted BlockBeats News: On May 29th, US semiconductor company Marvel Technology (MRVL) recently announced its first quarter results for the 2027 fiscal year. The company achieved a revenue of 2.418 billion US dollars, a year-on-year increase of 28%, exceeding Wall Street's expectations by approximately 240 million US dollars; Non GAAP earnings per share were $0.80, slightly higher than analysts' expectations of $0.79. Among them, the data center business (covering AI customized chips, optical interconnects, and silicon photonics products) contributed $1.83 billion, accounting for 76% of total revenue and becoming the core engine of growth. Marvel has also significantly raised its future guidance: the median revenue guidance for the second quarter is $2.7 billion, exceeding market expectations; The annual revenue target for fiscal year 2027 has been raised to approximately $11.5 billion (a year-on-year increase of approximately 40%), and it is expected to approach $15 billion for fiscal year 2028. The management of the company emphasizes that the demand for AI data centers is in the "acceleration stage", and the growth rate of optical interconnection and customized silicon wafer business will significantly lead. America Securities maintains a 'buy' rating on Marvel and has raised its target price from $195 to $230. The organization believes that the company's strong execution and design wins in the field of customized chips and optical interconnects for AI data centers will further consolidate its key position in the GPU ecosystem. The market responded positively to the financial report and America research report, and several investment banks subsequently raised their target prices (including Bank of America raising it to $240 and Oppenheimer raising it to $250). Analysts generally believe that the combination of "performance exceeding expectations+significant upward guidance" further confirms the resilience and growth momentum of AI infrastructure demand. As a core supplier of optical interconnect and custom chips in the GPU supply chain, Marvel's long-term growth narrative has been strengthened, and the overall sentiment of the AI hardware industry chain has been significantly boosted. ---------------------------------Click on the original link below to join the Beating · Feishu AI news channel, which continuously monitors global AI hotspots and news 24/7. [Original link]