| May 27, 2026 | earnings | Marvell reported Q1 FY27 net revenue of $2.418B and non-GAAP EPS of $0.80, guiding Q2 revenue to $2.7B. |
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| Apr 15, 2026 | debt_offering | Marvell Technology issued $1 billion of 5.300% Senior Notes due 2036 to repay debt. |
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| Mar 31, 2026 | material_agreement | Marvell sold 2 million Series A Convertible Preferred Stock shares to NVIDIA for $2 billion in cash. |
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| May 27, 2026 | Guidance: gaap_diluted_eps | 0.32 to 0.42 |
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| May 27, 2026 | Guidance: gaap_gross_margin | 52.10 to 53.10 |
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| May 27, 2026 | Guidance: gaap_operating_expenses | 960.00 to 960.00 |
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| May 28, 2026 | mda_quarterly | During the quarter ended May 2, 2026, MRVL completed several significant equity-related transactions. The company acquired Celestial AI, Inc. on February 2, 2026, issuing 24,523,632 common shares, with potential for additional shares based on revenue milestones. Shortly after, on February 10, 2026, MRVL acquired XConn Technologies, issuing 2,263,077 common shares. Both acquisitions involved unregistered stock issuances. Furthermore, on March 31, 2026, MRVL sold 2,000,000 shares of Series A Convertible Preferred Stock to NVIDIA Corporation in a private placement. These preferred shares are initially convertible into a maximum of 21,778,000 common shares, representing a notable strategic investment.
In terms of capital management, MRVL actively engaged in its stock repurchase program. The company repurchased 1.4 million common shares at an average price of $146.58 per share during the quarter. This activity follows a September 2025 board authorization that added $5.0 billion to the program, bringing the total repurchase authority to $9.7 billion. As of May 2, 2026, approximately $5.3 billion remained available under this ongoing program, which began in fiscal 2017. |
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| Mar 11, 2026 | business | Marvell Technology, Inc. is a leading fabless supplier of high-performance data infrastructure semiconductor solutions, specializing in complex System-on-a-Chip architectures for data center core to network edge applications. The company's primary end markets are Data Center, which accounted for 74% of FY26 revenue, and Communications and Other, representing 26%. The Data Center segment focuses on cloud and on-premise AI systems, ethernet switching, and storage, while Communications and Other includes enterprise networking, carrier infrastructure, and consumer products.
Marvell recently divested its automotive ethernet business for $2.5 billion. Concurrently, it strategically acquired Celestial AI for its Photonic Fabric™ technology and XConn Technologies for advanced PCIe and CXL switching silicon, significantly enhancing its connectivity and switching portfolios for next-generation AI and cloud data centers. Key product offerings include custom ASICs leveraging advanced process nodes (e.g., 3nm, 2nm development), high-speed interconnects like PAM/coherent DSPs and co-packaged optics (CPO), Ethernet solutions such as Prestera and Teralynx switches up to 51.2Tbps, and specialized scale-up switches (UALink™, ESUN, PCIe/CXL) critical for AI workloads. Marvell also provides OCTEON processors for networking and 5G, NITROX security processors, and Bravera storage controllers for HDDs and SSDs. The company's revenue mix has notably shifted towards data center solutions, underscoring its strategic focus on AI and cloud infrastructure growth. |
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