Marvell Technology
MRVLQ4 2025(MRVL Q3 FY2026)Estimated44% AI
AI Revenue %
44%
AI Fair Value
$24.2B
AI Revenue (Q)
$1.7B
Total Revenue (Q)
$3.9B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Total revenue was $2,074.5M. 9-month total was $5,975.9M. Automotive ethernet business divested in Q3 (gain of $1.8B recorded). DC likely ~82% of revenue with auto divestiture removing automotive revenue. Estimating DC ~$1,700M, of which ~54% was AI: ~$918M AI revenue. $918M / $2,074.5M = 44.3%, rounded to 44%. The restructuring and divestiture confirm Marvell's increasing concentration on AI/data center. No AI-specific revenue disclosure in filing.
Analyzed by claude-opus-4-6
Quoted Figures
Net revenue $2,074.5 [Q3 FY2026]; $5,975.9 [9 months]
Condensed Consolidated Statements of Operations, 10-Q for Q ended Nov 1, 2025
the Company completed the sale of its automotive ethernet business to Infineon Technologies AG for $2.5 billion in cash. During the three months ended November 1, 2025, the Company recorded a pre-tax gain on sale of $1.8 billion
Note 1 Basis of Presentation, 10-Q for Q ended Nov 1, 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