Marvell's AI Business Booms, Photonics Next

EarningsProduct / Tech Impact 4
โดย GuruFocus·US·Read original
Summary · why it matters

Marvell Technology Inc. reported record second-quarter revenue of $2.74 billion, up 37% year over year, driven by a 46% surge in data-center sales to $2.17 billion, which now account for about 80% of total revenue. Management forecasts third-quarter revenue of approximately $3.15 billion as demand for custom AI chips, optical products, and networking equipment continues to grow. The company is positioning for the industry shift from copper to optical interconnects, having acquired Celestial AI to gain its Photonic Fabric technology. Marvell expects its photonics business to reach a $500 million annualized revenue run rate by the end of fiscal 2028 and $1 billion the following year. The next catalyst is its investor day on October 6.

Impact on stocks 2

Artificial Intelligence▲ · 1 stocks
Marvell Technology Group Ltd
MRVL
▲ PositiveDemandTechnologyrelevance

Record revenue and strong demand for custom AI chips, optical products, and networking equipment.

Others▲ · 1 stocks

Theme Impact 7

Off-coverage companies 1

Celestial AIPrivate▲ Positive
Capitalrelevance

Acquired by Marvell, gaining access to Photonic Fabric technology.

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