Key Takeaways MRVL's revenues are rising due to strong demand for custom AI XPUs and high bandwidth memory chips. Higher manufacturing costs in AI silicon are driving a continued decline in MRVL's gross margin. MRVL faces stiff competition from AVGO and AMD in custom silicon solutions and AI accelerators.Marvell Technology’s (MRVL) top line is growing on the back of custom AI silicon chips that are experiencing massive traction among hyperscalers. However, Marvell Technology’s gross margin has been moving ...

Key Takeaways MRVL projects Q2 revenues to be $2B ( /-5%), up 57.4% year over year and 5.5% sequentially. Custom AI silicon is now the largest driver of MRVL's fast-growing data center revenues. MRVL ramps investments in 2.5D packaging and custom ASICs to scale AI chip production.Marvell Technology (MRVL) delivered approximately $1.9 billion in revenues for the first quarter of fiscal 2026, up 63% year over year, driven by explosive growth in its Data Center end market. Management now forecasts its second ...