Marvell Technology, Inc. (MRVL) Earnings Call Transcripts

Marvell Technology, Inc.'s Latest Earnings Call - October 6, 2026

Marvell Technology, Inc. (MRVL:US) reported a strong performance for FY '26, generating $8.2 billion in revenue, with expectations to reach approximately $20 billion in FY '28, representing a 67% year-over-year growth. The company raised its outlook for custom revenue in FY '29 from over $10 billion to more than $12 billion, driven by the expanding XPU attach opportunity. Management highlighted a total addressable market (TAM) of $400 billion by 2030, growing at a 45% CAGR, indicating robust growth potential in the data center segment, particularly in connectivity solutions.

Reported metrics

Guidance from management

Management raised its revenue guidance for FY '28 to approximately $20 billion, up from $18 billion previously. The long-term target for FY '31 is set at $70 billion to $90 billion, indicating strong growth potential.

What management said

Raise your hands, wait for the mic to get to you, so those on the webcast can listen. And I've been in your seat, so please listen to this last thing. One question. Not 5-part questions, one question. All right. First ask, Vivek.

Perfect. So thank you, Matt. Lunch, straight across past the stairs. The whole executive team will be at tables in there. No need to come up in mob everyone quite yet, do that on the other side, let us have a chance to get the microphones off. So head over there, start getting into lunch, and we'll join you momentarily. Thank you, everyone.

What analysts pressed on

Analysts expressed concerns about the potential for supply chain constraints and the ability to meet the high demand for XPUs. There were also questions regarding the accuracy of long-term revenue forecasts given the volatile nature of the semiconductor market.

Main topics on the call

• Revenue Growth Acceleration — Marvell expects to grow its total revenue from $8.2 billion in FY '26 to approximately $20 billion in FY '28, representing a 67% year-over-year growth. Management stated, "we expect approximately $20 billion in total com...
• Custom Revenue Outlook — The company raised its custom revenue outlook for FY '29 from over $10 billion to more than $12 billion, driven by strong demand for XPU attach products. Management noted, "we now expect custom revenue in FY '29 to more ...
• Total Addressable Market Expansion — Marvell's total addressable market is now projected at $400 billion by 2030, a significant increase from previous estimates. CEO Matt Murphy stated, "this is a 4x increase to our TAM opportunity that's occurred."
• Data Center Revenue Growth — Data center revenue is expected to grow approximately 80% in FY '28, with a target of $18 billion by FY '29, indicating a strong trajectory. Murphy emphasized, "we now expect to reach the $18 billion data center target w...

Read the full Marvell Technology, Inc. transcript (October 6, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 75 Marvell Technology, Inc. earnings call transcripts on record, spanning January 7, 2020 to October 6, 2026. Based on this history, Marvell Technology, Inc. reports quarterly. The most recent call on file is dated October 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

MRVL

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Semiconductors and Semiconductor Equipment

Calls on record

75

First call

January 7, 2020

Most recent

October 6, 2026

Reporting cadence

quarterly