Marvell Technology
MRVLQ2 2025(MRVL Q1 FY2026)Estimated40% AI
AI Revenue %
40%
AI Fair Value
$21.7B
AI Revenue (Q)
$464.4M
Total Revenue (Q)
$1.2B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Total revenue was $1,895.3M. End market breakdown was not fully extracted from the filing, but the income statement confirms the revenue figure. DC revenue was likely ~78-80% of total based on the trend from 70% (Q1 FY2025) to 75% (Q4 FY2025) and continued AI momentum. Estimating DC ~$1,480M, of which ~52% was AI: ~$770M AI revenue. $770M / $1,895.3M = 40.6%, rounded to 40%. The filing mentions sale of automotive ethernet business for $2.5B, confirming strategic pivot toward AI. No AI-specific revenue disclosure in filing.
Analyzed by claude-opus-4-6
Quoted Figures
Net revenue $1,895.3
Condensed Consolidated Statements of Operations, 10-Q for Q ended May 3, 2025
the Company entered into a definitive agreement to sell its automotive ethernet business to Infineon Technologies AG... for $2.5 billion in cash
Note 1 Basis of Presentation, 10-Q for Q ended May 3, 2025
Vestings of common stock in connection with customer warrant $6.8
Stockholders Equity, 10-Q for Q ended May 3, 2025 (indicates customer warrant vesting, likely tied to hyperscaler ASIC volume commitments)
AI Products Identified (Ring 1)
Custom AI accelerators (ASICs for hyperscalers)PAM4 DSPs (800G/1.6T)AI networking electro-opticsSilicon photonics for AI clustersAI-optimized storage controllers
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 networkingCarrier infrastructureTraditional cloud storageConsumer
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix