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Marvell Technology, Inc. (MRVL) is a fabless semiconductor company specializing in data infrastructure solutions that span from the data center core to the network edge. The company develops high-performance standard and semi-custom products, leveraging expertise in System-on-a-Chip (SoC) architectures, analog, mixed-signal, and digital signal processing. Marvell's products empower the data economy, supporting applications in data centers, enterprise networking, carrier infrastructure, consumer electronics, and automotive/industrial markets.
- Data Center - Provides semiconductor solutions for core data center operations, with a growing emphasis on AI-driven applications and custom silicon solutions.
- Enterprise Networking - Offers products designed to enhance enterprise-level networking infrastructure, enabling efficient and secure data transmission.
- Carrier Infrastructure - Supplies solutions for wired and wireless carrier networks, supporting global communication systems.
- Consumer - Develops semiconductor products for consumer electronics, including devices used in everyday applications.
- Automotive/Industrial - Delivers products tailored for automotive and industrial applications, focusing on reliability and performance in demanding environments.
| Name | Position | External Roles | Short Bio | Start Date |
|---|---|---|---|---|
Matthew J. Murphy ExecutiveBoard | Chairman, President, and CEO | None | Chairman, President, and CEO of Marvell since July 2016. Previously EVP at Maxim Integrated. Became Chairman in June 2023. | July 2016 |
Chris Koopmans Executive | Chief Operations Officer (COO) | None | Joined Marvell in June 2016. Promoted to COO in March 2021. Previously EVP of Marketing and Business Operations. Co-founder of Bytemobile, later acquired by Citrix. | March 2021 |
Mark Casper Executive | EVP and Chief Legal Officer | None | Joined Marvell in October 2021 as SVP and General Counsel. Promoted to Chief Legal Officer in April 2023. Previously General Counsel at Maxim Integrated. | April 2023 |
Raghib Hussain Executive | President, Products and Technologies | Board Member at Cirrus Logic, Inc. | Joined Marvell in 2018. Promoted to President, Products and Technologies in April 2021. Previously EVP of Networking and Processors Group. Key contributor to product innovation. | April 2021 |
Willem Meintjes Executive | Chief Financial Officer (CFO) | None | Joined Marvell in June 2016. Promoted to CFO in January 2023. Previously Chief Accounting Officer and Treasurer. Holds degrees in Accounting from the University of Johannesburg. | January 2023 |
Brad W. Buss Board | Independent Director | Board Member at AECOM and QuantumScape Corporation | Independent Director since July 2018. Former CFO of SolarCity and Cypress Semiconductor. Extensive financial expertise. | July 2018 |
Daniel Durn Board | Independent Director | CFO and EVP at Adobe Inc. | Independent Director since April 2024. Former CFO at Applied Materials and NXP Semiconductors. Brings financial and operational expertise. | April 2024 |
Marachel L. Knight Board | Independent Director | None | Independent Director since July 2020. Former SVP at AT&T, overseeing strategic initiatives and capital portfolios. | July 2020 |
Michael G. Strachan Board | Independent Director | None | Independent Director since May 2016. Former Vice Chairman at Ernst & Young LLP. Brings financial and governance expertise. | May 2016 |
Rebecca House Board | Independent Director | SVP, Chief People and Legal Officer at Rockwell Automation; Board Member at FMI Funds, MIND Research Institute, and WARF | Independent Director since August 2022. Brings expertise in HR, legal, and corporate governance. | August 2022 |
Richard P. Wallace Board | Independent Director | President and CEO of KLA Corporation | Independent Director since April 2024. CEO of KLA Corporation since 2006. Extensive semiconductor industry leadership experience. | April 2024 |
Robert E. Switz Board | Independent Director | Chairman of the Board at Micron Technology, Inc. | Independent Director since May 2016. Former Lead Independent Director at Broadcom. Extensive corporate governance experience. | May 2016 |
Sara Andrews Board | Independent Director | Member of CISO Coalition National Leadership Board | Independent Director since April 2022. Former CISO at Experian and PepsiCo. Brings cybersecurity expertise. | April 2022 |
Tudor Brown Board | Independent Director | Board Member at Lenovo Group Limited and other private/public companies | Independent Director since December 2016. Founding member and former President of ARM Holdings. Fellow of the Royal Academy of Engineering. | December 2016 |
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With the significant ramp-up of your custom AI silicon programs impacting gross margins due to mix, how do you plan to maintain or improve gross margins and operating leverage as you further scale this business into next year?
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Given that you are significantly exceeding your full-year AI revenue target of $1.5 billion and expecting even stronger growth, can you quantify your projected AI revenues for fiscal '25 and '26, and what key factors will drive this growth?
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Your key customer has announced a next-generation 3-nanometer AI training ASIC; can you confirm if Marvell will be the ASIC vendor supporting this program, especially in light of increased competition and "competitive noise" around this 3-nanometer program?
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You recently announced a 3-nanometer 1.6T DSP shortly after launching your 5-nanometer product; what is driving this accelerated product roadmap, and how does this rapid cadence affect your R&D investment and market positioning?
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Regarding your expanded agreement with AWS, how significant are the contributions from products like AECs, PCIe retimers, and switching solutions, and which non-optical DSP businesses do you expect to drive the most growth outside your core optical DSP segment over the next 12 months?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Competes directly in the semiconductor markets, which are characterized by rapid technological change, evolving industry standards, and pricing pressures. The company expects competition to intensify as competitors strengthen their product offerings through in-house development or acquisitions. | |
Alchip Technologies | Listed as a direct competitor in the semiconductor industry, which is marked by rapid technological advancements and evolving standards. |
Alphawave Semi | Identified as a competitor in the semiconductor space, where the company faces challenges such as pricing pressures and the need for innovative product introductions. |
Astera Labs, Inc. | Competes in the semiconductor market, which demands high levels of performance and integration. |
A competitor in the semiconductor industry, which is characterized by intense competition and the need for continuous innovation. | |
Listed as a competitor in the semiconductor market, which involves rapid technological changes and evolving industry standards. | |
Competes in the semiconductor industry, facing challenges such as pricing pressures and the need for innovative product introductions. | |
A major competitor in the semiconductor space, where the company faces intense competition and the need to innovate continuously. | |
Global Unichip Corporation | Identified as a competitor in the semiconductor market, which is marked by rapid technological advancements and evolving standards. |
Competes in the semiconductor industry, which demands high levels of performance and integration. | |
MediaTek Inc. | Listed as a competitor in the semiconductor market, which involves rapid technological changes and evolving industry standards. |
A competitor in the semiconductor industry, which is characterized by intense competition and the need for continuous innovation. | |
Montage Technology | Competes in the semiconductor market, which demands high levels of performance and integration. |
A major competitor in the semiconductor space, where the company faces intense competition and the need to innovate continuously. | |
Listed as a competitor in the semiconductor market, which involves rapid technological changes and evolving industry standards. | |
Phison Electronics Corporation | Competes in the semiconductor industry, facing challenges such as pricing pressures and the need for innovative product introductions. |
A competitor in the semiconductor industry, which is characterized by intense competition and the need for continuous innovation. | |
Identified as a competitor in the semiconductor market, which is marked by rapid technological advancements and evolving standards. | |
Realtek Semiconductor Corporation | Competes in the semiconductor industry, which demands high levels of performance and integration. |
Listed as a competitor in the semiconductor market, which involves rapid technological changes and evolving industry standards. | |
A competitor in the semiconductor industry, which is characterized by intense competition and the need for continuous innovation. | |
Socionext Inc. | Competes in the semiconductor market, which demands high levels of performance and integration. |
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Distributor A | Major distributor | All | Accounted for 24% of total net revenue in fiscal 2024, or about $1,321.8 million (computed as 24% of $5,507.7 million). Historical share: 15% in fiscal 2022, 20% in fiscal 2023. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Multiple companies | 2023 | Marvell completed several acquisitions for a total of $103.2 million (with $73.6 million allocated to goodwill) to expand engineering resources, gain additional intellectual property, and support the expansion of its networking solutions. |
Innovium, Inc. | 2021 | Completed on October 5, 2021 via an all‑stock transaction valued at approximately $1.0 billion, the acquisition aimed to capture the fastest‐growing segment of the switch market with cloud‐optimized solutions, with key allocations to goodwill and intangible assets supporting its strategic fit. |
Inphi Corporation | 2021 | Completed on April 20, 2021 for $9.9 billion, this deal combined cash and stock considerations (including $66 per share in cash and stock issuance) and involved significant allocations to goodwill and intangible assets, strategically positioning Marvell in high‑growth markets such as cloud data centers and 5G. |
Recent developments and announcements about MRVL.
Earnings
New Earnings (Q4 2025)
·6 days agoView full earnings summary →Marvell Q4 data center revenue jumped 77% YoY, with AI now over half that segment. Mgmt sees continued share gains, targeting 20% by 2028. While a spending slowdown is a risk, near-term trends remain strong.