"Marvell Technology posted a record quarter, with revenue of $2.075 billion, up 37% year-over-year, driven almost entirely by its data center business. Data center revenue hit $1.518 billion, representing 73% of total sales and growing 38% year-over-year. Marvell should exceed $3 billion in near-term sales, with next year's sales approaching $11 billion in 2028."
"Broadcom reported Q1 FY2026 revenue of $19.31 billion, up 29.5% year-over-year, with AI revenue of $8.4 billion growing 106% year-over-year. CEO Hock Tan guided Q2 AI semiconductor revenue to $10.7 billion, with total Q2 revenue expected around $22 billion, representing a 47% year-over-year increase."
"The thesis is simple: custom AI accelerators sold by Broadcom and Marvell are believed to be better suited for inference workloads, while training remains NVIDIA's domain. And with inference demand just beginning to scale, the numbers are getting very big, very fast."
Broadcom and Marvell Technology have delivered exceptional quarterly results, driven by surging demand for custom AI accelerators. Marvell posted record revenue of $2.075 billion with data center revenue reaching $1.518 billion, projecting sales approaching $11 billion in 2028 and $15 billion long-term. Broadcom reported $19.31 billion in revenue with AI revenue of $8.4 billion growing 106% year-over-year, guiding Q2 AI semiconductor revenue to $10.7 billion. The market thesis positions these companies as leaders in inference workloads while NVIDIA dominates training. Marvell's acquisition of Celestial AI addresses optical interconnect bottlenecks in AI datacenters, representing strategic expansion into critical infrastructure.
Read at 24/7 Wall St.
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