Marvell Technology
MRVLQ1 2025(MRVL Q4 FY2025)Estimated35% AI
AI Revenue %
35%
AI Fair Value
$18.0B
AI Revenue (Q)
$726.1M
Total Revenue (Q)
$2.1B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
FY2025 full-year Data Center = $4,164.2M (72% of $5,767.3M total). 9-month DC = $2,798.4M. Q4 FY2025 DC = $4,164.2M - $2,798.4M = $1,365.8M. Q4 total = $5,767.3M - $3,949.9M = $1,817.4M. DC was 75% of quarterly revenue. FY2025 10-K lists AI prominently: 'Cloud and on-premise Artificial intelligence (AI) systems' and 'Cloud and on-premise AI servers.' It also mentions 'Customer A' at 13% of revenue (first time a direct customer exceeded 10%), likely a hyperscaler AI ASIC customer. Estimating ~47% of DC was AI-related: $1,365.8M x 0.47 = $641.9M. $641.9M / $1,817.4M = 35.3%, rounded to 35%. Context: management stated AI exceeded $1.5B for FY2025 total; $1.5B / $5,767.3M = 26% for full year, but AI revenue was heavily back-half loaded.
Analyzed by claude-opus-4-6
Quoted Figures
Data center $4,164.2 72% [FY2025 full year]
Item 1 Business, revenue by end market, 10-K for FY ended Feb 1, 2025
Total $5,767.3 [FY2025]
10-K for fiscal year ended Feb 1, 2025
Customer A 13% [of net revenue, FY2025]
Customers, Sales and Marketing section, 10-K for FY ended Feb 1, 2025
risks related to our ability to design, develop and introduce new and enhanced products, in particular in the Artificial Intelligence (AI), Cloud and 5G markets
Forward-Looking Statements, 10-K for FY ended Feb 1, 2025
AI Products Identified (Ring 1)
Custom AI accelerators (ASICs for hyperscalers)PAM4 DSPs (800G/1.6T)AI networking electro-opticsAI-optimized storage controllersSilicon photonics for AI clusters
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