Marvell Technology, Inc. (MRVL) Earnings Call Transcripts

Marvell Technology, Inc.'s Latest Earnings Call - June 3, 2026

Marvell Technology, Inc. reported strong performance for Q2 FY2026, with revenue reaching $11 billion, reflecting a 20% annual growth rate over the past five years. The company exceeded its Investor Day targets from 2021 and is on track to achieve its $16.5 billion revenue target for the next fiscal year. The data center segment, which now constitutes 75% of revenue, grew by 46% last year and is expected to grow by 55% next year. Marvell's strategic focus on connectivity and data infrastructure, along with its successful acquisitions and partnerships, particularly with NVIDIA, positions it well for continued growth. Management provided guidance indicating a more than doubling of the custom silicon business next year, emphasizing a conservative yet optimistic outlook.

Reported metrics

Guidance from management

Management expects revenue to reach $16.5 billion next year, with custom silicon business more than doubling. Guidance was effectively raised from previous expectations.

What management said

Yes. And I think what's equally exciting is that we are a kind of revenue diversity as we get there. It's not about just more of the same product line. That absolutely is going to happen. But we, for example, called out 3 new $1 billion businesses, all happening in the next year alone, right? And this is -- by the way, this is before scale-up becomes really big, right? So I think that's the other nice part. It's no...

Yes. Maybe just one other thing to consider on the switch side in particular, unlike scale-out switching, where we enter the market, but at that point, somebody is already well established and you're -- we've done well, right? We've taken it from 0 to $100 million, $300 million, $600 million this year, $1 billion plus. Scale-up switching is completely greenfield. It's fully available. We could be leading the market f...

What analysts pressed on

Analysts expressed concerns about the volatility in the compute business and the visibility of Marvell's market share in new opportunities. There were questions about supply chain constraints and whether Marvell can maintain its growth trajectory amid tight supply conditions.

Main topics on the call

• Data Center Growth — The data center segment grew 46% last year and is expected to grow 55% next year, driven by AI infrastructure build-out. Management stated, 'Data center went from sub-10% of revenue to 75%.'
• Strategic Partnerships — Marvell has formed a strategic partnership with NVIDIA, focusing on custom silicon and NVLink technologies. CEO Murphy highlighted, 'It's about enabling us in custom silicon. It's enabling NVLink Switch and NVLink Fusion...
• Supply Chain Management — Marvell has retooled its supply chain to ensure it meets demand, forecasting $10 billion of growth to suppliers. Murphy stated, 'We retooled the supply chain... we form these very deep relationships with our suppliers.'
• Custom Silicon Business — The custom silicon business is expected to more than double next year, with a long-term target of capturing 20% of a $40 billion market by 2028. Murphy noted, 'Next year now, we had -- last time I had said custom was goi...

Read the full Marvell Technology, Inc. transcript (June 3, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 72 Marvell Technology, Inc. earnings call transcripts on record, spanning January 7, 2020 to June 3, 2026. Based on this history, Marvell Technology, Inc. reports quarterly. The most recent call on file is dated June 3, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

MRVL

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Semiconductors and Semiconductor Equipment

Calls on record

72

First call

January 7, 2020

Most recent

June 3, 2026

Reporting cadence

quarterly