Marvell Technology
MRVLQ3 2024(MRVL Q2 FY2025)Estimated28% AI
AI Revenue %
28%
AI Fair Value
$11.1B
AI Revenue (Q)
$530.7M
Total Revenue (Q)
$1.9B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Data Center revenue was $880.9M (69% of $1,272.9M total). DC continued to grow sequentially, driven by AI custom silicon and networking products. Estimating ~40% of DC was AI-related as custom ASIC programs matured: $880.9M x 0.40 = $352.4M. $352.4M / $1,272.9M = 27.7%, rounded to 28%. The Fiscal 2025 restructuring plan (Q3) confirmed Marvell was reallocating R&D investment toward data center/AI and away from other end markets. No AI-specific revenue disclosure in filing.
Analyzed by claude-opus-4-6
Quoted Figures
Data center $880.9 69%
Note 3 Revenue, net revenue disaggregated by end market, 10-Q for Q ended Aug 3, 2024
Net revenue $1,272.9
Condensed Consolidated Statements of Operations, 10-Q for Q ended Aug 3, 2024
AI Products Identified (Ring 1)
Custom AI accelerators (ASICs for hyperscalers)PAM4 DSPs (800G)AI networking electro-opticsAI-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