Marvell Technology
MRVLQ3 2025(MRVL Q2 FY2026)Estimated42% AI
AI Revenue %
42%
AI Fair Value
$22.7B
AI Revenue (Q)
$1.0B
Total Revenue (Q)
$2.4B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Total revenue was $2,006.1M. 6-month total was $3,901.4M. End market detail not fully extracted. DC likely ~80% based on trajectory. Estimating DC ~$1,605M, of which ~53% was AI: ~$851M AI revenue. $851M / $2,006.1M = 42.4%, rounded to 42%. The filing notes the automotive ethernet sale closed Aug 14, 2025, further concentrating the business toward data center/AI. Customer warrant vesting of $12.3M suggests accelerating hyperscaler ASIC shipments. No AI-specific revenue disclosure in filing.
Analyzed by claude-opus-4-6
Quoted Figures
Net revenue $2,006.1 [Q2 FY2026]; $3,901.4 [6 months]
Condensed Consolidated Statements of Operations, 10-Q for Q ended Aug 2, 2025
the Company completed the sale of its automotive ethernet business to the Buyer for $2.5 billion
Note 1 Basis of Presentation, 10-Q for Q ended Aug 2, 2025
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