Marvell Technology Group Ltd
NASDAQ:MRVL

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Marvell Technology Group Ltd
NASDAQ:MRVL
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Price: 92 USD -6.99% Market Closed
Market Cap: 79.3B USD

Marvell Technology Group Ltd
Investor Relations

Digging deep into the digital revolution, Marvell Technology Group Ltd. has carved out its niche as an instrumental player in the semiconductor industry. Founded in 1995, it's been likened to an alchemist of the tech world, transforming raw silicon into potent solutions that power myriad devices. The company thrives on its ability to create sophisticated integrated circuits and systems-on-a-chip, which form the backbone of networking, storage, and connectivity solutions, both wired and wireless. Its expertise interweaves with the realms of cloud data centers, 5G infrastructure, and automotive applications, where data management prowess becomes indispensable. Marvell's growth story is spurred by a relentless drive to address the surging needs of data-hungry applications, leveraging its robust engineering capabilities.

Marvell's revenue streams are as diverse as the technological avenues it explores. The backbone of its business model lies in manufacturing semiconductors, these small yet mighty components responsible for the 'thinking' in much of modern technology. The company's innovations find their place in data centers, where they enhance efficiency and performance, and in 5G infrastructure, empowering the next generation of mobile connectivity. Additionally, Marvell plays a pivotal role in the automotive industry's shift towards more autonomous vehicles, trading traditional circuit designs for more sophisticated, multifunctional chips. By selling these critical components to device manufacturers and service providers worldwide, Marvell not only keeps the wheels of technological advancement spinning but also secures its financial footing in a competitive market.

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Last Earnings Call
Fiscal Period
Q3 2026
Call Date
Dec 2, 2025
AI Summary
Q3 2026

Record Revenue: Marvell reported record Q3 revenue of $2.075 billion, up 3% sequentially and 37% year-over-year, exceeding guidance midpoint.

AI Demand: Data center revenue grew 38% year-over-year, driven by robust AI-related demand and strong performance in optical interconnects and switching.

Strong Outlook: Q4 revenue is forecast at $2.2 billion at the midpoint, implying 21% year-over-year growth and 6% sequential growth.

Celestial AI Acquisition: Marvell announced the acquisition of Celestial AI, a key move to expand in data center interconnects with meaningful revenue expected from this in the second half of fiscal 2028.

Operating Leverage: Non-GAAP EPS grew 77% year-over-year to $0.76, more than double revenue growth, highlighting significant operating leverage.

Raised Growth Expectations: Marvell now expects data center revenue to grow over 25% in fiscal 2027 and then accelerate to around 40% in fiscal 2028.

Strong Bookings & Visibility: Management emphasized robust demand signals, strong bookings, and high visibility into multi-year growth, especially in AI infrastructure.

Key Financials
Revenue
$2.075B
Data Center Revenue
$1.52B
Communications and Other Revenue
$557M
Gross Margin
51.6%
Non-GAAP Gross Margin
59.7%
Operating Expenses
$712M
Non-GAAP Operating Expenses
$485M
Operating Margin
17.2%
Non-GAAP Operating Margin
36.3%
EPS
$2.20
Non-GAAP EPS
$0.76
Cash Flow from Operations
$582M
Inventory
$1.01B
Total Debt
$4.5B
Gross Debt-to-EBITDA Ratio
1.47x
Net Debt-to-EBITDA Ratio
0.58x
Cash and Cash Equivalents
$2.7B
Stock Repurchases (Accelerated Program)
$1B
Stock Repurchases (Ongoing Program)
$300M
Dividends Paid
$51M
Other Earnings Calls

Management

Mr. Matthew J. Murphy
President, CEO & Chairman

Matthew J. Murphy is the President and Chief Executive Officer of Marvell Technology, Inc. He joined Marvell in July 2016, bringing a wealth of experience from the semiconductor industry. Before joining Marvell, Murphy spent over 20 years at Maxim Integrated, where he held various leadership roles, including Senior Vice President of the Communications and Automotive Solutions Group, where he was responsible for the sales and marketing strategies of these business units. Murphy is known for spearheading Marvell's transformation efforts, which have focused on shifting the company towards a more data infrastructure-centric business model, enhancing its competitiveness in the semiconductor industry. Under his leadership, Marvell has pursued significant strategic acquisitions and partnerships, strengthening its portfolio and market position. He holds a Bachelor of Arts degree from Franklin & Marshall College and has participated in executive programs at prestigious institutions, which have contributed to his effective leadership style. Murphy has been instrumental in driving innovation, operational efficiency, and growth at Marvell Technology, making him a notable figure in the technology sector.

Mr. Willem A. Meintjes
Chief Financial Officer
No Bio Available
Mr. Christopher Koopmans
Chief Operations Officer

Christopher Koopmans is a seasoned executive in the technology sector, known for his extensive experience in operational and strategic roles. As an executive at Marvell Technology Group Ltd., he has played pivotal roles in leading product and technology strategies, enhancing company operations, and driving overall growth initiatives. His contributions typically focus on leveraging technological innovations to improve business performance and expand market presence. With a background in engineering and management, Koopmans has adeptly navigated the complexities of the semiconductor industry, ensuring that Marvell stays competitive in a rapidly evolving market landscape. His leadership is marked by a commitment to fostering innovation, optimizing operations, and contributing to Marvell's reputation as a leader in semiconductor solutions.

Mr. Muhammad Raghib Hussain
President of Products & Technologies

Muhammad Raghib Hussain is a well-regarded figure in the technology industry, particularly known for his role at Marvell Technology Group Ltd. He co-founded Cavium Networks in 2000, a company that focused on providing semiconductor products to enable intelligent processing for networking, communications, and the digital home. At Cavium, Raghib Hussain was instrumental in contributing to the growth and strategic direction of the company, leading to its eventual acquisition by Marvell in 2018. Following the acquisition, he took on a significant leadership role at Marvell, where his expertise in engineering and product development has been a major asset. Throughout his career, Hussain has been recognized for his contributions to the field of networking and communications technology. He holds several patents related to processor architecture and technology, underscoring his role as an innovator in the industry. His technical expertise and leadership skills are hallmarks of his career, contributing greatly to both Cavium's and Marvell's success in the semiconductor market. Beyond his technical and leadership roles, Hussain's work has had a broader impact on the industry, influencing how data centers manage and process large volumes of data efficiently. His career reflects a commitment to advancing technology and driving growth in the semiconductor sector.

Mr. Mark J. Casper Esq.
Executive VP, Secretary & Chief Legal Officer

As of the latest available information, there is no widely recognized executive officer or individual by the name of Mr. Mark J. Casper Esq. associated with Marvell Technology Group Ltd. It is possible that he may not be a public-facing figure or does not hold a notable position within the company that has been documented in publicly accessible resources. If you have further details or context about the individual's role or position, that might help in providing more specific information. Otherwise, please verify the name or context, as it appears to be FALSE.

Mr. Sandeep Bharathi
Chief Development Officer

Mr. Sandeep Bharathi is recognized as an accomplished technology executive, known for his leadership roles at Marvell Technology Group Ltd. In his capacity at Marvell, he has contributed significantly to advancing the company's strategic initiatives. Sandeep Bharathi has a strong background in engineering, having accumulated extensive experience in the semiconductor industry. His work primarily involves leading teams to innovate in designing products and solutions that drive Marvell’s market position in data infrastructure technology. Under his guidance, the company has been able to leverage cutting-edge technology to meet the evolving demands of the industry. His role exemplifies a commitment to excellence and innovation, propelling Marvell Technology Group Ltd. to new heights in the tech sector.

Ms. Weili Dai
Co-Founder

Weili Dai is a prominent Chinese-American businesswoman and entrepreneur known for co-founding Marvell Technology Group Ltd., a leading semiconductor company. Born in Shanghai, China, Dai moved to the United States in the late 1970s. She attended the University of California, Berkeley, where she studied computer science. In 1995, Dai co-founded Marvell Technology Group with her husband, Sehat Sutardja, and his brother, Pantas Sutardja. She played a pivotal role in the company's growth and success, focusing on corporate strategy and sales. Under her leadership, Marvell became one of the top fabless semiconductor companies globally, specializing in the development of integrated circuits for storage, communications, and consumer and enterprise markets. Dai was recognized as one of the most influential women in technology and received numerous accolades for her contributions to the industry. She has been an advocate for women in STEM fields and has actively promoted diversity and inclusion within the tech community. Despite her success, Dai's tenure at Marvell had its challenges. In 2016, she and her husband stepped down from their executive positions following an internal investigation related to the company's accounting practices. However, her impact on the company and the semiconductor industry remains significant, and she continues to be an influential figure in technology and entrepreneurship.

Ms. Pani Dixon
Senior VP & Chief Accounting Officer
No Bio Available
Mr. Mitchell Lee Gaynor J.D.
Chief Administration Officer
No Bio Available
Mr. Ashish Saran
Senior Vice President of Investor Relations
No Bio Available

Contacts

Address
DELAWARE
Wilmington
1000 N. West Street, Suite 1200
Contacts
+13022954840.0