Marvell Technology
MRVLQ2 2023(MRVL Q1 FY2024)Estimated7% AI
AI Revenue %
7%
AI Fair Value
$3.1B
AI Revenue (Q)
$81.3M
Total Revenue (Q)
$1.2B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Data Center revenue was $435.8M (33% of $1,321.7M total). Data center revenue declined sharply from prior year due to cloud spending digestion cycle. AI was still nascent but growing within the mix. Estimating ~25% of DC was AI-related (higher AI share as non-AI DC declined): $435.8M x 0.25 = $109.0M. $109.0M / $1,321.7M = 8.2%, but being conservative at 7% given the overall revenue decline environment. No AI-specific disclosure in filing.
Analyzed by claude-opus-4-6
Quoted Figures
Data center $435.8 33%
Note 2 Revenue, net revenue disaggregated by end market, 10-Q for Q ended Apr 29, 2023
Net revenue $1,321.7
Condensed Consolidated Statements of Operations, 10-Q for Q ended Apr 29, 2023
AI Products Identified (Ring 1)
Custom AI accelerators (ASICs)PAM4 DSPsAI networking electro-optics
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Enterprise networking switchesCarrier infrastructureCloud storage controllers (non-AI)
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix