Earnings summaries and quarterly performance for Marvell Technology.
Executive leadership at Marvell Technology.
Matthew J. Murphy
Detailed
Chairman and Chief Executive Officer
CEO
CK
Chris Koopmans
Detailed
President and Chief Operating Officer
JS
Justin Scarpulla
Detailed
Senior Vice President, Chief Accounting Officer
MC
Mark Casper
Detailed
Chief Legal Officer and Secretary
SB
Sandeep Bharathi
Detailed
President, Data Center Group
WM
Willem Meintjes
Detailed
Chief Financial Officer
Board of directors at Marvell Technology.
Research analysts who have asked questions during Marvell Technology earnings calls.
HS
Harlan Sur
JPMorgan Chase & Co.
7 questions for MRVL
Also covers: ADI, ALAB, AMAT +15 more
Ross Seymore
Deutsche Bank
7 questions for MRVL
Also covers: ADI, ALAB, AMBA +14 more
VA
Vivek Arya
Bank of America Corporation
7 questions for MRVL
Also covers: ADI, ALGM, AMAT +23 more
HK
Harsh Kumar
Piper Sandler & Co.
6 questions for MRVL
Also covers: ADI, AMD, AVGO +10 more
Tore Svanberg
Stifel Financial Corp.
5 questions for MRVL
Also covers: ADI, ALAB, AMBA +14 more
BC
Blayne Curtis
Jefferies Financial Group
4 questions for MRVL
Also covers: ADI, AIP, ALAB +18 more
TO
Thomas O’Malley
Barclays Capital
4 questions for MRVL
Also covers: ALAB, ALGM, AMD +21 more
Timothy Arcuri
UBS
4 questions for MRVL
Also covers: ADI, ALGM, AMAT +17 more
Aaron Rakers
Wells Fargo
3 questions for MRVL
Also covers: AAPL, AMD, ANET +19 more
CC
Chris Caso
Wolfe Research LLC
3 questions for MRVL
Also covers: ADI, ALGM, AMAT +12 more
Christopher Rolland
Susquehanna Financial Group
3 questions for MRVL
Also covers: ADI, AMBA, AVGO +18 more
QB
Quinn Bolton
Needham & Company, LLC
3 questions for MRVL
Also covers: ALAB, ALGM, AMBA +22 more
Mark Lipacis
Evercore ISI
2 questions for MRVL
Also covers: ALAB, ALGM, ARM +5 more
SP
Srinivas Pajjuri
Raymond James & Associates, Inc.
2 questions for MRVL
Also covers: ALAB, AMAT, ARM +10 more
TH
Toshiya Hari
Goldman Sachs Group, Inc.
2 questions for MRVL
Also covers: AMAT, AMD, AMKR +17 more
AM
Atif Malik
Citigroup Inc.
1 question for MRVL
Also covers: AAPL, ALAB, AMAT +11 more
BR
Ben Reitzes
Melius Research LLC
1 question for MRVL
Also covers: AAPL, AMD, AMKR +9 more
CC
Christopher Caso
Wolfe Research
1 question for MRVL
Also covers: ADI, ALGM, AMAT +16 more
CM
CJ Muse
Cantor Fitzgerald
1 question for MRVL
Also covers: ADI, AMAT, AMD +13 more
JS
Jim Schneider
Goldman Sachs
1 question for MRVL
Also covers: ACN, ADI, AMT +23 more
JB
Joshua Buchalter
TD Cowen
1 question for MRVL
Also covers: ADI, AIP, ALGM +15 more
Karl Ackerman
BNP Paribas
1 question for MRVL
Also covers: ANET, AVGO, CIEN +15 more
MR
Matthew Ramsay
TD Cowen
1 question for MRVL
Also covers: NVDA
SP
Srini Pajjuri
Raymond James Financial
1 question for MRVL
Also covers: ARM, AVGO
Recent press releases and 8-K filings for MRVL.
Marvell Technology Highlights AI-Driven Growth and Networking Leadership
MRVL
Revenue Acceleration/Inflection
New Projects/Investments
M&A
- Marvell Technology (MRVL) projects significant growth in its data center segment, with customer revenue expected to grow +20% in calendar year 2026 and to double in calendar year 2027 over 2026, supported by strong bookings and multi-year visibility into AI infrastructure buildouts.
- The company's scale-out Ethernet switching silicon revenues are anticipated to exceed $500 million in calendar year 2026, driven by the aggressive ramp of its Teralynx 10 (51.2T) platform. Additionally, Marvell's retimer and AEC business is expected to generate multi-hundred-million-dollar revenues in fiscal year 2027 (calendar year 2026).
- Marvell, the second-largest custom ASIC supplier, emphasizes the programmability and flexibility of its custom XPUs, enabling their mass deployment in the AI accelerator market and addressing concerns about fixed-function limitations.
- The company has strategically retooled its supply chain with long-term partnerships and five-year supply forecasts, ensuring it can meet the demand for its rapidly growing data center and AI-related businesses.
Jan 6, 2026, 5:00 PM
Marvell CEO Discusses Strong Data Center Growth and Multi-Year Outlook
MRVL
Revenue Acceleration/Inflection
Guidance Update
New Projects/Investments
- Marvell's data center business has grown 3X since calendar 2023 , with the company expecting to report over 40% year-over-year revenue growth for the past year (fiscal 2026).
- For the current fiscal year (fiscal 2027 / calendar 2026), Marvell projects its custom business to grow 20%, its switching, storage, and other management products to grow 15%, and its communications and other segment to grow about 10%.
- The company anticipates its custom business to double in fiscal 2028 (calendar 2027), building on an estimated $2 billion run rate exit for fiscal 2027.
- Marvell has secured over 20 XPU and XPU attached custom chip programs and has purchase orders for its 2026 follow-on program, indicating strong demand and confidence in achieving its growth targets.
- To support rapid growth, Marvell has retooled its supply chain with long-term strategic partnerships and investments in substrate supply, backend, and CoWoS, with plans to become a $10 billion revenue company.
Jan 6, 2026, 5:00 PM
Marvell Technology Provides Strong Multi-Year Growth Outlook and Data Center Segment Projections
MRVL
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- Marvell Technology's stock was a top pick for JPMorgan in 2025 and again for 2026, driven by leadership in cloud data center, AI tailwinds, and recovery in networking.
- The company expects to grow in excess of 40% year over year in fiscal 2026, with its data center business having grown 3X since calendar 2023.
- For fiscal 2027 (calendar 2026), Marvell projects its data center custom business to grow 20%, switching, storage, and other management products to grow 15%, and the optics business to grow above 30% cloud CapEx growth.
- Marvell anticipates its custom business to double in fiscal 2028 (calendar 2027) from a fiscal 2027 exit rate of approximately $2 billion on a run rate basis.
- The company has secured over 20 XPU and XPU attached custom chip programs and has strong order bookings and backlog, providing confidence in its multi-year growth outlook, including planning for a $10 billion revenue company.
Jan 6, 2026, 5:00 PM
Marvell to Acquire XConn Technologies
MRVL
M&A
New Projects/Investments
Guidance Update
- Marvell Technology, Inc. has entered into a definitive agreement to acquire XConn Technologies, a provider of advanced PCIe and CXL switching silicon, to expand its leadership in AI data center connectivity and augment its UALink scale-up switch team.
- The acquisition is valued at approximately $540 million, to be paid in a mix of approximately 60% cash and 40% stock, with the stock portion representing about 2.5 million shares of Marvell common stock.
- The transaction is expected to close in early calendar 2026, subject to customary closing conditions and regulatory approvals.
- Marvell anticipates XConn's CXL and PCIe switching products to begin revenue contribution in the second half of fiscal year 2027, becoming accretive to Marvell’s non-GAAP earnings, and ramping to approximately $100 million in revenue in fiscal 2028.
Jan 6, 2026, 2:00 PM
Marvell Outlines Strong Growth in AI, Optical, and Custom ASIC Businesses
MRVL
New Projects/Investments
Revenue Acceleration/Inflection
M&A
- Marvell views the current AI investment as the early stages of a 10-15 year investment cycle, with customers requesting accelerated delivery for 2026 and 2027.
- The company's optical interconnect business has grown at a 50% CAGR for four to five years and is experiencing record bookings, tracking above cloud CapEx due to its strong attachment to AI.
- The recent acquisition of Celestial AI is expected to generate a revenue run rate of $500 million exiting calendar 2027, doubling to $1 billion by the exit of calendar 2028, by addressing the scale-up portion of data center networks.
- Marvell's custom ASIC business, particularly the XPU attach segment, is projected to reach $2 billion by calendar 2028 from SmartNICs and CXL memory expanders, with the overall custom business expected to exceed an annualized run rate of $2 billion by the end of calendar 2026.
Dec 10, 2025, 7:00 PM
Marvell Discusses AI Investment Cycle and Growth Drivers
MRVL
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Marvell views the current AI investment cycle as being in its early stages, anticipating a 10-15 year cycle that began in 2022, with demand for computing power consistently exceeding supply.
- The company's optical interconnect business, stemming from the Inphi acquisition, has achieved a 50% CAGR over the past four to five years and is experiencing record bookings, tracking above overall cloud CapEx due to its strong attachment to AI infrastructure.
- Marvell's custom ASIC business is projected to have an exit run rate of over $2 billion annualized by Q4 2026 and is expected to double into 2027, driven by multiple XPU customers and XPU attach solutions like SmartNICs and CXL memory expanders, which alone are forecast to reach $2 billion by calendar 2028.
- The recent acquisition of Celestial AI is anticipated to contribute a $500 million run rate exiting calendar 2027, doubling to a $1 billion run rate by the exit of calendar 2028, by addressing the scale-up data center market with its photonic fabric technology.
Dec 10, 2025, 7:00 PM
Marvell Highlights Strong AI-Driven Growth and Strategic Acquisitions
MRVL
New Projects/Investments
Revenue Acceleration/Inflection
M&A
- Marvell's management views the current AI trend as the early stages of a 10-15 year investment cycle, noting continuous customer demand for accelerated computing power.
- The company projects significant revenue from its Celestial AI acquisition, targeting a $500 million run rate exiting calendar 2027 and $1 billion run rate by the end of calendar 2028 for scale-up data center interconnect.
- Marvell's optical interconnect business has experienced robust growth, achieving a 50% compound annual growth rate (CAGR) over the last four to five years, with demand described as "off the charts" and record bookings.
- The custom ASIC business is expected to reach an implied exit run rate of over $2 billion annualized by Q4 2026, with the XPU Attach segment alone projected to contribute $2 billion by calendar 2028 from SmartNICs and CXL memory expanders.
Dec 10, 2025, 7:00 PM
Marvell Technology Launches Golden Cable Initiative and Projects Revenue Growth from Celestial AI Acquisition
MRVL
Product Launch
M&A
New Projects/Investments
- Marvell Technology has launched its Golden Cable initiative to accelerate the active electrical cable (AEC) ecosystem and support hyperscale AI deployments, providing validated architectures, firmware, and software.
- The company's recent $3.25 billion acquisition of Celestial AI is expected to bolster its custom chip and silicon photonics capabilities, projecting up to $1 billion in annualized revenue by fiscal 2029.
- Despite these strategic initiatives, Marvell's stock has experienced volatility due to investor concerns about potential contract losses and overall market challenges.
Dec 9, 2025, 10:50 PM
Marvell Launches Golden Cable Initiative
MRVL
Product Launch
New Projects/Investments
- Marvell Technology has introduced its Golden Cable initiative, a strategic program designed to accelerate and broaden the active electrical cable (AEC) ecosystem and enable faster time-to-market for hyperscaler AI deployments.
- The initiative provides a complete offering with industry-leading software, validated reference designs, and comprehensive support, empowering ecosystem partners to design and deploy AEC solutions that meet hyperscaler requirements.
- This program is launched at a pivotal time as hyperscalers scale networks for massive AI workloads, with AECs being critical for maintaining performance while delivering lower cost and power compared to alternative solutions.
- The AEC market is projected to grow from $644 million in 2025 to $1.4 billion by 2029, driven by the shift to 1.6T networking and the expansion of AI clusters.
Dec 9, 2025, 9:30 PM
Marvell Announces Adoption of Its PCIe Retimers
MRVL
Product Launch
New Projects/Investments
- Marvell Technology announced the industry adoption of its Alaska P PCIe retimer product line by leading AI and data center infrastructure providers.
- These retimers are designed to scale connections between AI accelerators, GPUs, XPUs, CPUs, SSDs, and CXL devices within advanced data center systems, providing low-power, high-speed, and low-latency connectivity for accelerated AI infrastructure.
- Server vendors have adopted Marvell Alaska P PCIe 6 retimers for their GPU and XPU platforms, and the technology is also available through various cable and optical module partners.
- Built on Marvell's 5nm PAM4 SerDes technology, the Alaska P PCIe retimers deliver high performance and low power, and are now available through system vendors and cable partners.
Dec 9, 2025, 2:00 PM
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