Marvell Technology
MRVLQ4 2023(MRVL Q3 FY2024)Estimated10% AI
AI Revenue %
10%
AI Fair Value
$4.2B
AI Revenue (Q)
$127.3M
Total Revenue (Q)
$1.3B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Data Center revenue was $555.8M (39% of $1,418.6M total). DC revenue growing again, driven by AI demand (custom ASICs ramp, increased PAM4 DSP shipments). Estimating ~25% of DC was AI-related: $555.8M x 0.25 = $139.0M. $139.0M / $1,418.6M = 9.8%, rounded to 10%. The 10-K forward-looking statements begin mentioning AI markets explicitly. No AI-specific revenue disclosure in filing.
Analyzed by claude-opus-4-6
Quoted Figures
Data center $555.8 39%
Note 3 Revenue, net revenue disaggregated by end market, 10-Q for Q ended Oct 28, 2023
Net revenue $1,418.6
Condensed Consolidated Statements of Operations, 10-Q for Q ended Oct 28, 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