Marvell Technology (MRVL)
Designs custom compute, networking, connectivity, and storage silicon for cloud and AI infrastructure.
Something off on this page? Send us feedback.
Marvell designs the chips that move and manage data inside networks and storage systems, while other companies manufacture them. Its center of gravity is shifting sharply toward artificial-intelligence data centers and custom chips built for giant cloud operators. One unnamed distributor and one unnamed direct customer now account for most sales, so the transformation rests on a very small circle of buyers.
Item facts: FY2026 · year ended Jan 31, 2026, from filings, earnings calls and company pages.
Judgment weights, not filed revenue
The band summarizes business focus and direction. ~ marks estimates.
8 in detail · 12 more below
Interconnects
Marvell’s largest data-center family turns electrical data into signals that travel between machines and sites. Its long-distance data-center line made roughly $500 million in FY2026; watch the move to the next speed step.
Competes with Sian3 and Taurus BCM83640 optical DSPs (Broadcom) · Cardinal and Bluebird optical DSPs (Credo)
In plain English
Picture the wiring between thousands of computers in a warehouse-sized machine. Marvell sells the chips placed at the ends of those wires. They translate data into signals that can cross a rack, a room, or the distance between two sites, then translate it back again.
Five major U.S. cloud operators were taking Marvell’s long-distance links by May 2026. They and the equipment makers serving them pay for each chip that goes into a connection. Sales rise as operators add more computers and replace older links with faster ones; manufacturing quality and competing ways to carry the signal can slow the climb.
Ethernet Solutions
Traffic-directing chips for large groups of computers, company networks, and phone carriers. Data-center switching alone brought in more than $300 million in FY2026; watch whether Ethernet keeps winning as more computing chips are tied together.
Competes with Tomahawk Ultra (Broadcom) · Silicon One G-Series (Cisco)
In plain English
At a busy road junction, something has to send every vehicle down the right street without causing a jam. These chips do that for small pieces of data. Some decide the route, while others turn a machine’s digital message into a signal that can travel over a cable.
Cloud operators, businesses, and phone carriers buy network equipment containing Marvell parts as they add ports or move to faster connections. Marvell earns when those equipment makers ship a box with its chip inside. Artificial-intelligence networks are expanding quickly, but the older carrier and business markets still rise and fall with replacement budgets and inventory cycles.
Photonic Fabric, Structera, UALink and ESUN Scale-Up Portfolio
A newly assembled set of switches, memory helpers, and light-based links meant to make many computing chips behave like one machine. Sales were still immaterial through FY2027 Q2; the meaningful ramp is expected in FY2028.
Competes with Scorpio Smart Fabric Switch (Astera Labs) · TeraPHY optical I/O chiplet (Ayar Labs) · Passage (Lightmatter)
In plain English
The unfinished piece is the conversation among many powerful computing chips sitting close together. They need to swap data quickly and reach shared memory without wasting time. Marvell is combining Celestial AI parts that send data as light, XConn parts that direct short computer links, and its own memory-sharing and traffic-directing chips.
Large cloud operators and computing-chip designers would pay for these parts once they pass testing and enter finished systems. That qualification is still under way: the acquired businesses had not produced material sales through August 2026, while management expects light-based products to begin a meaningful climb in FY2028.
Custom ASICs
Computing and helper chips designed with one cloud operator for that operator’s exact systems. Revenue reached $1.5 billion in FY2026 after the ramp began a year earlier; watch whether Marvell wins and retains each new design generation.
Competes with 3.5D XDSiP and custom ASICs (Broadcom) · AI/HPC ASIC design services (Alchip)
In plain English
A giant cloud company can order a chip the way a restaurant orders a kitchen built around its own menu. Marvell combines its ready-made building blocks for computing, storage, security, and connections into a design that fits that buyer’s machines.
The customer pays part of the development bill, which reduces Marvell’s up-front cash burden. If the design works and reaches mass production, the same customer then buys large volumes of finished chips. AWS and Google anchor the disclosed programs. The prize is large, repeat production; the catch is that a delayed rollout, a manufacturing problem, or the loss of the next design can move a lot of revenue at once.
AWS Five-Year Strategic Collaboration
AWS can buy custom computing chips and several kinds of connection chips under a five-year collaboration. Purchases help unlock rights to buy Marvell shares, but AWS promised no minimum; watch whether Marvell keeps successive AWS designs.
Competes with 3.5D XDSiP/custom ASIC platform (Broadcom) · AI/HPC ASIC design services (Alchip)
In plain English
One customer relationship stretches across much of Marvell’s shelf. AWS can source its made-to-order artificial-intelligence chips, long-distance and cable connections, short-link helpers, and network traffic directors from the same supplier. AWS also provides the cloud software Marvell uses to help design chips.
Marvell earns as AWS purchases those products, not merely because the agreement exists. Most of the attached rights to buy Marvell shares unlock only as AWS buys through January 2030. That gives both sides a reason to deepen the relationship, but it does not force AWS to spend a minimum amount or guarantee Marvell the next chip design.
Google TPU Ecosystem Commercial Program
Google’s agreement spans its own artificial-intelligence computing chips plus storage, network, and memory helpers. Programs expected in FY2028 are included in Marvell’s outlook, but later purchases remain unsized and optional.
Competes with Custom accelerator/XDSiP platform (Broadcom) · Custom TPU design services (MediaTek)
In plain English
A wide menu, not a filled shopping cart. Google may buy the main chips that run its artificial-intelligence jobs as well as supporting parts that connect storage, networks, and memory. The commercial agreement gives Marvell several ways into one customer’s machines instead of relying on a single part.
Google pays when it chooses to place orders and those products reach production. Purchase milestones can unlock rights to buy Marvell shares, but there is no spending floor. Management already counted the programs expected in FY2028 in its company outlook; anything beyond that year remains possible rather than promised.
Processors
Chips that take networking, storage, security, and mobile-network chores away from a central computer. Revenue spans cloud operators, phone carriers, businesses, and embedded systems; watch the uneven timing of telecom and corporate equipment replacements.
Competes with BlueField DPU (NVIDIA) · Intel IPU (Intel)
In plain English
A main computer has better things to do than inspect every message, guard every key, or organize every stored file. Marvell’s processors act like a prep station that handles those side jobs before they reach the main engine. Some also run the radio-processing work inside mobile-network equipment.
Cloud operators, telecom-equipment vendors, and businesses pay for systems containing these chips when they build or replace infrastructure. Marvell earns from each part shipped into those systems. The family is broad and established rather than a single fast-growing bet, so sales follow several different replacement cycles and depend on software that lets customers program the chips for their own jobs.
Storage Controllers and Fibre Channel Products
Controllers manage data inside hard drives and solid-state drives; adapters connect servers to dedicated storage networks. The newest Bravera controller is due for customer samples in calendar Q4 2026; watch lengthy product testing and storage upgrades.
Competes with Flashtec NVMe controllers (Microchip) · Emulex Fibre Channel HBAs (Broadcom)
In plain English
A storage drive is a warehouse, and the controller is the clerk who remembers where every box belongs and retrieves it on demand. Marvell’s Bravera parts do that job inside hard drives and solid-state drives. Its QLogic adapters connect whole servers to storage arrays over Fibre Channel, a dedicated high-speed storage link.
Drive, server, and storage-system makers pay for these chips as components of each finished device. Once a Marvell part passes lengthy testing and is built into a model, unit shipments turn into revenue. Growth depends on how much data customers need to store, when manufacturers refresh products, and whether older dedicated storage networks get upgraded.
InterconnectsMarvell’s largest data-center family turns electrical data into signals that travel between machines and sites. Its long-distance data-center line made roughly $500 million in FY2026; watch the move to the next speed step.Marvell’s largest data-center family turns electrical data into signals that travel between machines and sites. Its long-distance data-center line made roughly $500 million in FY2026; watch the move to the next speed step.
In plain English
Picture the wiring between thousands of computers in a warehouse-sized machine. Marvell sells the chips placed at the ends of those wires. They translate data into signals that can cross a rack, a room, or the distance between two sites, then translate it back again.
Five major U.S. cloud operators were taking Marvell’s long-distance links by May 2026. They and the equipment makers serving them pay for each chip that goes into a connection. Sales rise as operators add more computers and replace older links with faster ones; manufacturing quality and competing ways to carry the signal can slow the climb.
Competes with Sian3 and Taurus BCM83640 optical DSPs (Broadcom) · Cardinal and Bluebird optical DSPs (Credo)
Ethernet SolutionsTraffic-directing chips for large groups of computers, company networks, and phone carriers. Data-center switching alone brought in more than $300 million in FY2026; watch whether Ethernet keeps winning as more computing chips are tied together.Traffic-directing chips for large groups of computers, company networks, and phone carriers. Data-center switching alone brought in more than $300 million in FY2026; watch whether Ethernet keeps winning as more computing chips are tied together.
In plain English
At a busy road junction, something has to send every vehicle down the right street without causing a jam. These chips do that for small pieces of data. Some decide the route, while others turn a machine’s digital message into a signal that can travel over a cable.
Cloud operators, businesses, and phone carriers buy network equipment containing Marvell parts as they add ports or move to faster connections. Marvell earns when those equipment makers ship a box with its chip inside. Artificial-intelligence networks are expanding quickly, but the older carrier and business markets still rise and fall with replacement budgets and inventory cycles.
Competes with Tomahawk Ultra (Broadcom) · Silicon One G-Series (Cisco)
Photonic Fabric, Structera, UALink and ESUN Scale-Up PortfolioA newly assembled set of switches, memory helpers, and light-based links meant to make many computing chips behave like one machine. Sales were still immaterial through FY2027 Q2; the meaningful ramp is expected in FY2028.A newly assembled set of switches, memory helpers, and light-based links meant to make many computing chips behave like one machine. Sales were still immaterial through FY2027 Q2; the meaningful ramp is expected in FY2028.
In plain English
The unfinished piece is the conversation among many powerful computing chips sitting close together. They need to swap data quickly and reach shared memory without wasting time. Marvell is combining Celestial AI parts that send data as light, XConn parts that direct short computer links, and its own memory-sharing and traffic-directing chips.
Large cloud operators and computing-chip designers would pay for these parts once they pass testing and enter finished systems. That qualification is still under way: the acquired businesses had not produced material sales through August 2026, while management expects light-based products to begin a meaningful climb in FY2028.
Competes with Scorpio Smart Fabric Switch (Astera Labs) · TeraPHY optical I/O chiplet (Ayar Labs) · Passage (Lightmatter)
Custom ASICsComputing and helper chips designed with one cloud operator for that operator’s exact systems. Revenue reached $1.5 billion in FY2026 after the ramp began a year earlier; watch whether Marvell wins and retains each new design generation.Computing and helper chips designed with one cloud operator for that operator’s exact systems. Revenue reached $1.5 billion in FY2026 after the ramp began a year earlier; watch whether Marvell wins and retains each new design generation.
In plain English
A giant cloud company can order a chip the way a restaurant orders a kitchen built around its own menu. Marvell combines its ready-made building blocks for computing, storage, security, and connections into a design that fits that buyer’s machines.
The customer pays part of the development bill, which reduces Marvell’s up-front cash burden. If the design works and reaches mass production, the same customer then buys large volumes of finished chips. AWS and Google anchor the disclosed programs. The prize is large, repeat production; the catch is that a delayed rollout, a manufacturing problem, or the loss of the next design can move a lot of revenue at once.
Competes with 3.5D XDSiP and custom ASICs (Broadcom) · AI/HPC ASIC design services (Alchip)
AWS Five-Year Strategic CollaborationAWS can buy custom computing chips and several kinds of connection chips under a five-year collaboration. Purchases help unlock rights to buy Marvell shares, but AWS promised no minimum; watch whether Marvell keeps successive AWS designs.AWS can buy custom computing chips and several kinds of connection chips under a five-year collaboration. Purchases help unlock rights to buy Marvell shares, but AWS promised no minimum; watch whether Marvell keeps successive AWS designs.
In plain English
One customer relationship stretches across much of Marvell’s shelf. AWS can source its made-to-order artificial-intelligence chips, long-distance and cable connections, short-link helpers, and network traffic directors from the same supplier. AWS also provides the cloud software Marvell uses to help design chips.
Marvell earns as AWS purchases those products, not merely because the agreement exists. Most of the attached rights to buy Marvell shares unlock only as AWS buys through January 2030. That gives both sides a reason to deepen the relationship, but it does not force AWS to spend a minimum amount or guarantee Marvell the next chip design.
Competes with 3.5D XDSiP/custom ASIC platform (Broadcom) · AI/HPC ASIC design services (Alchip)
Google TPU Ecosystem Commercial ProgramGoogle’s agreement spans its own artificial-intelligence computing chips plus storage, network, and memory helpers. Programs expected in FY2028 are included in Marvell’s outlook, but later purchases remain unsized and optional.Google’s agreement spans its own artificial-intelligence computing chips plus storage, network, and memory helpers. Programs expected in FY2028 are included in Marvell’s outlook, but later purchases remain unsized and optional.
In plain English
A wide menu, not a filled shopping cart. Google may buy the main chips that run its artificial-intelligence jobs as well as supporting parts that connect storage, networks, and memory. The commercial agreement gives Marvell several ways into one customer’s machines instead of relying on a single part.
Google pays when it chooses to place orders and those products reach production. Purchase milestones can unlock rights to buy Marvell shares, but there is no spending floor. Management already counted the programs expected in FY2028 in its company outlook; anything beyond that year remains possible rather than promised.
Competes with Custom accelerator/XDSiP platform (Broadcom) · Custom TPU design services (MediaTek)
ProcessorsChips that take networking, storage, security, and mobile-network chores away from a central computer. Revenue spans cloud operators, phone carriers, businesses, and embedded systems; watch the uneven timing of telecom and corporate equipment replacements.Chips that take networking, storage, security, and mobile-network chores away from a central computer. Revenue spans cloud operators, phone carriers, businesses, and embedded systems; watch the uneven timing of telecom and corporate equipment replacements.
In plain English
A main computer has better things to do than inspect every message, guard every key, or organize every stored file. Marvell’s processors act like a prep station that handles those side jobs before they reach the main engine. Some also run the radio-processing work inside mobile-network equipment.
Cloud operators, telecom-equipment vendors, and businesses pay for systems containing these chips when they build or replace infrastructure. Marvell earns from each part shipped into those systems. The family is broad and established rather than a single fast-growing bet, so sales follow several different replacement cycles and depend on software that lets customers program the chips for their own jobs.
Competes with BlueField DPU (NVIDIA) · Intel IPU (Intel)
Storage Controllers and Fibre Channel ProductsControllers manage data inside hard drives and solid-state drives; adapters connect servers to dedicated storage networks. The newest Bravera controller is due for customer samples in calendar Q4 2026; watch lengthy product testing and storage upgrades.Controllers manage data inside hard drives and solid-state drives; adapters connect servers to dedicated storage networks. The newest Bravera controller is due for customer samples in calendar Q4 2026; watch lengthy product testing and storage upgrades.
In plain English
A storage drive is a warehouse, and the controller is the clerk who remembers where every box belongs and retrieves it on demand. Marvell’s Bravera parts do that job inside hard drives and solid-state drives. Its QLogic adapters connect whole servers to storage arrays over Fibre Channel, a dedicated high-speed storage link.
Drive, server, and storage-system makers pay for these chips as components of each finished device. Once a Marvell part passes lengthy testing and is built into a model, unit shipments turn into revenue. Growth depends on how much data customers need to store, when manufacturers refresh products, and whether older dedicated storage networks get upgraded.
Competes with Flashtec NVMe controllers (Microchip) · Emulex Fibre Channel HBAs (Broadcom)
Named in filings, launches and programs
- NVIDIA NVLink Fusion collaborationEcosystemPairs Marvell custom chips and close-range connections with NVIDIA’s system for linking many AI processors; NVIDIA also invested $2.0 billion.
- Golden Cable initiativeEcosystemReference designs and software help several manufacturers build compatible cables with signal-boosting electronics around Marvell chips.
- Bravera SC6Product · AnnouncedA controller for new enterprise solid-state drives, scheduled for customer sampling in calendar Q4 2026.
- Structera S 30260Product · AnnouncedA 260-lane switch introduced in March 2026 to let many machines share large pools of memory across a rack.
- Aerospace and defense ASICsProduct lineLong-life, made-to-order chips for aircraft and defense systems, sold within Marvell’s communications and other markets.
- Celestial AIBrand · RampingBought in February 2026; its tiny light-based connectors anchor Marvell’s emerging close-range AI links but had not produced material sales by August.
- XConnBrand · RampingBought in February 2026; its chips direct short computer links inside AI systems and had not produced material sales by August.
- Prestera and TeralynxProduct lineNetwork-switch chip families used to direct data through company, carrier, and artificial-intelligence networks.
- AlaskaProduct lineChips that turn a device’s digital network data into signals able to travel over a cable.
- OCTEONProduct lineProcessor family that takes networking, storage, and mobile-network chores away from central computers.
- NITROX and LiquidSecurityProduct lineSecurity-focused processors and hardware key keepers that handle protective work outside a system’s main computer.
- QLogicBrandAdapters and controllers that connect servers and storage arrays over dedicated high-speed storage networks.
NVIDIA NVLink Fusion collaborationEcosystem
Pairs Marvell custom chips and close-range connections with NVIDIA’s system for linking many AI processors; NVIDIA also invested $2.0 billion.
Golden Cable initiativeEcosystem
Reference designs and software help several manufacturers build compatible cables with signal-boosting electronics around Marvell chips.
Bravera SC6Product · Announced
A controller for new enterprise solid-state drives, scheduled for customer sampling in calendar Q4 2026.
Structera S 30260Product · Announced
A 260-lane switch introduced in March 2026 to let many machines share large pools of memory across a rack.
Aerospace and defense ASICsProduct line
Long-life, made-to-order chips for aircraft and defense systems, sold within Marvell’s communications and other markets.
Celestial AIBrand · Ramping
Bought in February 2026; its tiny light-based connectors anchor Marvell’s emerging close-range AI links but had not produced material sales by August.
XConnBrand · Ramping
Bought in February 2026; its chips direct short computer links inside AI systems and had not produced material sales by August.
Prestera and TeralynxProduct line
Network-switch chip families used to direct data through company, carrier, and artificial-intelligence networks.
AlaskaProduct line
Chips that turn a device’s digital network data into signals able to travel over a cable.
OCTEONProduct line
Processor family that takes networking, storage, and mobile-network chores away from central computers.
NITROX and LiquidSecurityProduct line
Security-focused processors and hardware key keepers that handle protective work outside a system’s main computer.
QLogicBrand
Adapters and controllers that connect servers and storage arrays over dedicated high-speed storage networks.