Marvell Technology
Sector unknown·MRVL · USA (SEC 10-K)·Fiscal year to 31/01/2026
We serve these two end markets with a broad portfolio of semiconductor solutions based on our compute, networking, security, interconnects, and storage technologies, which are essential and differentiating for these markets.
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
Artificial intelligence
Technology
DriverPositive impact: strengthens
“In parallel, CXL has become essential for memory pooling, coherency, and disaggregation, addressing the substantial memory bandwidth and capacity demands of large-scale AI models.”
Annual report 2026A · The company itself
StrategyPositive impact: strengthens
“Subsequent to our fiscal 2026 year end, on February 2, 2026, we completed the previously announced acquisition of Celestial AI, Inc. (“Celestial”), a provider of a Photonic FabricTM technology platform purpose-built for next-generation scale-up interconnect. The acquisition of Celestial is expected to accelerate our connectivity strategy for next-generation AI and cloud data centers.”
Annual report 2026A · The company itself
StrategyPositive impact: strengthens
“In addition, we are developing Ultra Accelerator LinkTM (“UALinkTM”) switches and Ethernet for Scale-Up Networking (“ESUN”) switches for the emerging scale-out AI market.”
Annual report 2026A · The company itself
StrategyPositive impact: strengthens
“The acquisition of Celestial further extends our interconnect portfolio with the addition of their Photonic FabricTM solutions and XConn further extends our switch portfolio with the addition of their peripheral component interconnect express (“PCIe”) and compute express link (“CXL") switches.”
Annual report 2026A · The company itself
Market
“Custom ASICs We develop custom semiconductor solutions tailored to individual customer specifications that deliver system-level differentiation for next-generation artificial intelligence, data center, compute, networking, carrier, storage, aerospace and defense applications.”
Annual report 2026A · The company itself
Market
“Our solutions are purpose-built for scale-out networking enabling large AI clusters to scale both within and across racks using a high-bandwidth, low latency, low power and cost-effective optical fabric.”
Annual report 2026A · The company itself
Market
“Table of Contents Our Markets and Products Our product solutions serve two end markets: (i) data center and (ii) communications and other.”
Annual report 2026A · The company itself
Market
“Table of Contents The following table summarizes net revenue disaggregated by end market (in millions, except percentages): Year Ended January 31, 2026 % of Total February 1, 2025 % of Total February 3, 2024 % of Total Data center $ 6,100.3 74 % $ 4,164.2 72 % $ 2,216.7 40 % Communications and other 2,094.3 26 % 1,603.1 28 % 3,291.0 60 % Total $ 8,194.6 $ 5,767.3 $ 5,507.7 Our portfolio of solutions integrate multiple analog, mixed-signal and digital intellectual property components incorporating hardware, firmware and software technologies and our system knowledge to provide our customers highly integrated solutions for their end products.”
Annual report 2026A · The company itself
Market
“Our AEC DSPs are utilized in active electrical cables to enable high-bandwidth copper data transmission within data centers, specifically for scale-up and scale-out AI and general-purpose server connectivity.”
Annual report 2026A · The company itself
Market
“Our comprehensive Ethernet switch portfolio addresses enterprise campus, enterprise data center, industrial, carrier, cloud and AI system applications.”
Annual report 2026A · The company itself
Chains out: this strengthens Data centres, strengthens Semiconductors and electronic components, strengthens Semiconductor industry
Data centres
Technology
StrategyPositive impact: strengthens
“Subsequent to our fiscal 2026 year end, on February 2, 2026, we completed the previously announced acquisition of Celestial AI, Inc. (“Celestial”), a provider of a Photonic FabricTM technology platform purpose-built for next-generation scale-up interconnect. The acquisition of Celestial is expected to accelerate our connectivity strategy for next-generation AI and cloud data centers.”
Annual report 2026A · The company itself
StrategyPositive impact: strengthens
“The acquisition of Celestial further extends our interconnect portfolio with the addition of their Photonic FabricTM solutions and XConn further extends our switch portfolio with the addition of their peripheral component interconnect express (“PCIe”) and compute express link (“CXL") switches.”
Annual report 2026A · The company itself
Market
“Custom ASICs We develop custom semiconductor solutions tailored to individual customer specifications that deliver system-level differentiation for next-generation artificial intelligence, data center, compute, networking, carrier, storage, aerospace and defense applications.”
Annual report 2026A · The company itself
Market
“Interconnects We offer a complete portfolio of high-speed interconnect semiconductor solutions for inside cloud data centers, between cloud data centers and in carrier networks.”
Annual report 2026A · The company itself
Market
“The PAM DSPs are key enablers for inter-connecting servers, routers, switches, storage and other infrastructure equipment that process, store and transport data traffic inside data centers.”
Annual report 2026A · The company itself
Market
“Our Bravera HDD controllers integrate Marvell’s industry-leading read channel technologies to enable higher volumetric densities at low power profiles and are being used by all the current HDD makers.”
Annual report 2026A · The company itself
Market
“Table of Contents Our Markets and Products Our product solutions serve two end markets: (i) data center and (ii) communications and other.”
Annual report 2026A · The company itself
Market
“Table of Contents The following table summarizes net revenue disaggregated by end market (in millions, except percentages): Year Ended January 31, 2026 % of Total February 1, 2025 % of Total February 3, 2024 % of Total Data center $ 6,100.3 74 % $ 4,164.2 72 % $ 2,216.7 40 % Communications and other 2,094.3 26 % 1,603.1 28 % 3,291.0 60 % Total $ 8,194.6 $ 5,767.3 $ 5,507.7 Our portfolio of solutions integrate multiple analog, mixed-signal and digital intellectual property components incorporating hardware, firmware and software technologies and our system knowledge to provide our customers highly integrated solutions for their end products.”
Annual report 2026A · The company itself
Market
“Our AEC DSPs are utilized in active electrical cables to enable high-bandwidth copper data transmission within data centers, specifically for scale-up and scale-out AI and general-purpose server connectivity.”
Annual report 2026A · The company itself
Market
“Our Ethernet controllers and network adapters are optimized to accelerate and simplify data center and enterprise networking.”
Annual report 2026A · The company itself
Market
“Fibre Channel Products Our QLogic Fibre Channel product family comprises of host bus adapters (“HBAs”) and controllers for server and storage system connectivity.”
Annual report 2026A · The company itself
Market
“The OCTEON DPUs and processors are targeted for use in a wide variety of carrier, data center, and enterprise equipment, including routers, switches, security UTM appliances, content-aware switches, application-aware gateways, wireless access points, 3G/4G/5G wireless base stations, storage arrays, smart network interface controllers, network functions virtualization (“NFV”) and software-defined networking (“SDN”) infrastructure.”
Annual report 2026A · The company itself
Market
“The LiquidSecurity product family is a high-performance hardware-based transaction security solution for cloud data center and enterprise applications.”
Annual report 2026A · The company itself
Market
“Table of Contents Storage Controllers We offer a broad portfolio of storage controllers for hard disk drives (“HDDs”) and solid-state-drives (“SSDs”) across all high-volume markets.”
Annual report 2026A · The company itself
Market
“We integrate several of our Bravera HDD controller IPs with our flash technologies to deliver optimal solutions for data center, enterprise and client computing markets.”
Annual report 2026A · The company itself
Chains in: Artificial intelligence strengthens
Chains out: this strengthens Electricity, strengthens Copper
Telecoms and 5G
Technology
Market
“Table of Contents Our Markets and Products Our product solutions serve two end markets: (i) data center and (ii) communications and other.”
Annual report 2026A · The company itself
Market
“Table of Contents The following table summarizes net revenue disaggregated by end market (in millions, except percentages): Year Ended January 31, 2026 % of Total February 1, 2025 % of Total February 3, 2024 % of Total Data center $ 6,100.3 74 % $ 4,164.2 72 % $ 2,216.7 40 % Communications and other 2,094.3 26 % 1,603.1 28 % 3,291.0 60 % Total $ 8,194.6 $ 5,767.3 $ 5,507.7 Our portfolio of solutions integrate multiple analog, mixed-signal and digital intellectual property components incorporating hardware, firmware and software technologies and our system knowledge to provide our customers highly integrated solutions for their end products.”
Annual report 2026A · The company itself
Market
“Interconnects We offer a complete portfolio of high-speed interconnect semiconductor solutions for inside cloud data centers, between cloud data centers and in carrier networks.”
Annual report 2026A · The company itself
Market
“Our comprehensive Ethernet switch portfolio addresses enterprise campus, enterprise data center, industrial, carrier, cloud and AI system applications.”
Annual report 2026A · The company itself
Market
“The OCTEON DPUs and processors are targeted for use in a wide variety of carrier, data center, and enterprise equipment, including routers, switches, security UTM appliances, content-aware switches, application-aware gateways, wireless access points, 3G/4G/5G wireless base stations, storage arrays, smart network interface controllers, network functions virtualization (“NFV”) and software-defined networking (“SDN”) infrastructure.”
Annual report 2026A · The company itself
Market
“Our OCTEON Fusion family of wireless baseband infrastructure processors is a highly scalable product family supporting enterprise small cells, high capacity outdoor picocells and microcells all the way up to multi-sector macrocells for multiple wireless protocols including 5G.”
Annual report 2026A · The company itself
Industrial manufacturing
End markets
Market
“Our comprehensive Ethernet switch portfolio addresses enterprise campus, enterprise data center, industrial, carrier, cloud and AI system applications.”
Annual report 2026A · The company itself
Market
“Our Ethernet controllers and network adapters are optimized to accelerate and simplify data center and enterprise networking.”
Annual report 2026A · The company itself
Market
“The OCTEON DPUs and processors are targeted for use in a wide variety of carrier, data center, and enterprise equipment, including routers, switches, security UTM appliances, content-aware switches, application-aware gateways, wireless access points, 3G/4G/5G wireless base stations, storage arrays, smart network interface controllers, network functions virtualization (“NFV”) and software-defined networking (“SDN”) infrastructure.”
Annual report 2026A · The company itself
Automotive
End markets
Market
“Recent Developments On August 14, 2025, we completed the sale of our automotive ethernet business to Infineon Technologies AG for $2.5 billion in cash. In connection with the transaction, during the third quarter of fiscal 2026, we recorded a pre-tax gain on sale of $1.8 billion.”
Annual report 2026A · The company itself
Defence industry
End markets
Market
“Custom ASICs We develop custom semiconductor solutions tailored to individual customer specifications that deliver system-level differentiation for next-generation artificial intelligence, data center, compute, networking, carrier, storage, aerospace and defense applications.”
Annual report 2026A · The company itself
Chains in: Defence budgets strengthens
Semiconductors and electronic components
Raw materials and inputs
Market
“We serve these two end markets with a broad portfolio of semiconductor solutions based on our compute, networking, security, interconnects, and storage technologies, which are essential and differentiating for these markets.”
Annual report 2026A · The company itself
Chains in: Artificial intelligence strengthens
USD vs DKK/EUR
Macro
DriverNegative impact: weakens
“Since we operate in many countries, a percentage of our international operational expenses are denominated in foreign currencies and exchange volatility could positively or negatively impact those operating costs. Increases in the value of the U.S. dollar relative to other currencies could make our products more expensive, which could negatively impact our ability to compete.”
Annual report 2026A · The company itself
DriverNegative impact: weakens
“Conversely, decreases in the value of the U.S. dollar relative to other currencies could result in our suppliers raising their prices to continue doing business with us.”
Annual report 2026A · The company itself
Chains out: this mixed effect United States
Interest rates
Macro
DriverNegative impact: weakens
“With our outstanding debt, we are exposed to various forms of market risk. We maintain an investment policy that requires minimum credit ratings, diversification of credit risk and limits the long-term interest rate risk by requiring effective maturities of generally less than five years.”
Annual report 2026A · The company itself
Chains in: Public debt and fiscal policy strengthens, Inflation strengthens
Chains out: this weakens Construction, weakens Real estate, weakens Wind power, weakens Housing market, weakens Office and commercial property, weakens Residential rental, weakens Residential construction
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 8.19 bn USD |
| Revenue growth vs. the year before, same method | 42.1 % |
| EBITDA reported by the company | 2.49 bn USD |
| Net debt debt incl. leasing minus cash | 2.15 bn USD |
| Diluted EPS per share | 3.07 USD |
Source: 10-K (SEC) A. See the report
Criteria
| Profit | ✓ |
| Growing | ✓ |
| Healthy balance sheet | ✓ |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.
Figures are in the report's currency (USD), not converted to DKK. Quotes are shown as the company's own words in English.