Custom silicon (custom ASICs)
Data center revenue grew 46% in the quarter ended August 1, 2026, and management expects a significant acceleration in the custom business from the second half of fiscal 2027.
The numbers
What it is
Custom AI and cloud chips (custom ASICs) designed with hyperscale customers. Management credits this business for the next leg of data center growth.↗ source
Why it matters to the stock. Custom silicon is the largest driver of data center growth and the business most exposed to a few hyperscale customers. Traders watch its ramp timing and customer count against the rest of the data center line.
News
Marvell stock rises about 6% on investor day targets, outpacing Broadcom
Marvell shares rose about 6% on Tuesday, October 6, the day of its Investor Day, while rival Broadcom rose about 4%.
Marvell shares slide after record quarter as investors press on Google deal timing and FY2028 outlook
Marvell shares fell more than 7% in after-hours trading after the August 27 report, even though revenue and EPS beat estimates.
Marvell posts record Q2 fiscal 2027 revenue of $2.74 billion, up 37%, and guides Q3 to $3.15 billion
Marvell reported record second-quarter fiscal 2027 revenue of $2.739 billion, up 37% year over year and $39.0 million above the midpoint of its guidance.
Marvell signs custom chip deal with Google and issues Google a warrant for up to 58.97 million shares
Marvell and Google LLC signed a commercial agreement on July 29, 2026 for custom semiconductors that attach to Google's TPU ecosystem, and Marvell issued Google a warrant on August 18.
Marvell posts record Q1 fiscal 2027 revenue of $2.418 billion; guides Q2 to $2.7 billion
Marvell reported record first-quarter fiscal 2027 revenue of $2.418 billion, up 28% year over year, with non-GAAP EPS of $0.80.
Nvidia invests $2 billion in Marvell and launches NVLink Fusion partnership
Nvidia said it has invested $2 billion in Marvell and will connect Marvell to its AI infrastructure through NVLink Fusion.
Marvell beats fourth-quarter estimates and guides above Street; shares jump after hours
Marvell reported a record fourth-quarter fiscal 2026 revenue of $2.219 billion, up 22%, and non-GAAP EPS of $0.80 against a $0.79 consensus.