MRVL
Marvell Technology, Inc.84.07
-0.19-0.23%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '26
Diversified demand, custom ramps affirmed
Q&A offered fresh color on hyperscaler diversification, with Murphy downplaying custom concentration amid broad product engagement across top customers. Custom FY27 growth tops 20%, featuring lead XPU's intact H2 ramp-up and high confidence in a new Tier 1 program fueling FY28 doubling. Interconnect accelerates over 50% this year, momentum rippling from XPU/GPU optics attach. AEC/retimers double from ~$200M base. Supply chain secured for multi-year ramps. No walk-backs; just firmer visibility. Diversification quiets old fears. Watch custom execution amid bookings surge.
Key Stats
Market Cap
72.48BP/E (TTM)
29.60Basic EPS (TTM)
2.84Dividend Yield
0%Recent Filings
8-K
Prospectus supplement filed
8-K
Marvell declares $0.06 dividend
10-K
FY2026 results
Marvell's FY2026 revenue hit $8.2B, up 42% y/y, with data center surging 46% to $6.1B (74% of total) on AI custom and electro-optics strength, while communications and other grew 31% to $2.1B amid inventory normalization—yet automotive ethernet sales dropped post-divestiture. Q4 momentum accelerated as data center demand outpaced Q3, gross margins expanded to 51% from better absorption despite mix shift, but R&D rose 6% on AI bets. Operating income flipped to $1.3B profit; $1.8B gain from August automotive sale supercharged cash to $2.6B, funding $2B buybacks and $205M dividends at $4.5B debt. No annual guidance disclosed. Customer concentration risks loom large.
8-K
Prospectus supplement filed
Marvell Technology filed a prospectus supplement to its S-3 shelf registration on February 18, 2026, attaching a legal opinion from Wilson Sonsini affirming the validity of securities issuance and sale. This routine step readies potential capital raises. Filing includes no financial details or transaction terms.
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