Marvell Technology
MRVLQ1 2024(MRVL Q4 FY2024)Estimated16% AI
AI Revenue %
16%
AI Fair Value
$6.3B
AI Revenue (Q)
$242.6M
Total Revenue (Q)
$1.5B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
FY2024 full-year Data Center = $2,216.7M; 9-month DC = $1,451.4M. Q4 FY2024 DC = $2,216.7M - $1,451.4M = $765.3M. Q4 total = $5,507.7M - $4,081.2M = $1,426.5M. DC surged to 54% of revenue. AI demand was the primary driver of the DC recovery. The FY2024 10-K Product table lists 'Cloud and on-premise Artificial intelligence (AI) systems' and 'Cloud and on-premise AI servers' as distinct DC products. Estimating ~30% of DC was AI-related as custom ASIC and PAM4 shipments ramped: $765.3M x 0.30 = $229.6M. $229.6M / $1,426.5M = 16.1%, rounded to 16%. No AI-specific revenue breakout in filings.
Analyzed by claude-opus-4-6
Quoted Figures
Data center $2,216.7 40% [FY2024 full year]
10-K for fiscal year ended Feb 3, 2024, revenue by end market
Total $5,507.7 [FY2024]
10-K for fiscal year ended Feb 3, 2024
Cloud and on-premise Artificial intelligence (AI) systems; Cloud and on-premise AI servers
Item 1 Business, Product table, 10-K for FY2024
AI Products Identified (Ring 1)
Custom AI accelerators (ASICs)PAM4 DSPsAI networking electro-opticsCloud AI 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 networking switchesCarrier infrastructureTraditional cloud storage controllers
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix