"Marvell ( Nasdaq: MRVL) heads into earnings with clear momentum behind its AI-driven portfolio and one of the strongest design-win pipelines in the semiconductor industry. The company has reshaped itself around accelerated computing, custom silicon and high-speed optical connectivity, allowing data center to expand from one-third of revenue two years ago to nearly three-quarters today. Marvell stock is up 51% over the past 6 months and also up 2.54% today, heading into a 4:05 PM ET earnings release."
"1. Custom XPU and XPU-Attach Ramp- Management disclosed 18 multigenerational sockets and "several" additional wins secured since the June AI investor event. These wins represent multi-billion-dollar lifetime revenue potential and are the core of Marvell's plan to grow its data center share from 13% in 2024 to 20% of a $94B TAM by 2028.Watch for commentary on Q4 reacceleration following what management called a "one-quarter digestion" in Q3."
Marvell has shifted its business to accelerated computing, custom silicon and high-speed optical connectivity, expanding data-center revenue from one-third two years ago to nearly three-quarters today. Sales growth is expected at +36% year-over-year for the quarter and +41% for FY26, driven by AI share gains and normalization in non-data-center segments. Management disclosed 18 multigenerational XPU sockets and additional wins with multi‑billion‑dollar lifetime potential, aiming to raise data-center share from 13% in 2024 to 20% of a $94B TAM by 2028. Electro-optics volume shipments and next-gen PAM demonstrations support double-digit sequential optics growth.
Read at 24/7 Wall St.
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