Welcome to our dedicated page for Marvell Technology news (Ticker: MRVL), a resource for investors and traders seeking the latest updates and insights on Marvell Technology stock.
Marvell Technology, Inc. develops data infrastructure semiconductor solutions for systems that move, store, process and secure data. The company is a fabless chip designer serving data center, carrier, enterprise and consumer end markets with processors, optical and copper transceivers, switches and storage controllers.
MRVL news regularly covers product launches and portfolio expansion across AI data-center connectivity, optical DSPs, silicon photonics, SerDes, PCIe and CXL switching, near-memory acceleration, telemetry and custom silicon. Company updates also include financial-results conference calls, quarterly dividend declarations, acquisitions that add optical or interconnect technology, and ecosystem demonstrations for cloud and carrier architectures.
Marvell Technology (NASDAQ: MRVL) is showcasing its cloud storage and CXL memory technologies at the Flash Memory Summit 2024. The company's Structera X CXL memory-expansion controller won the 'Most Innovative Sustainability Technology' award. Marvell's booth #1046 will feature demonstrations of Structera CXL near-memory compute, accelerated storage for RAG and AI inference with Bravera SC5, and flexible data placement in QLC SSDs.
Marvell leaders will participate in the 'Pizza, Beer and Chat with the Experts' event. The company is also presenting in several sessions, covering topics such as Flash & Memory Controller Technologies for AI, SSD Technologies for Compute Use Cases, and CXL AI Implications.
Marvell Technology, Inc. (NASDAQ: MRVL) announced that Microsoft will update its fleet of LiquidSecurity HSMs to the FIPS 140-3, Level-3 standard to enhance security in Azure services. Marvell's LiquidSecurity 1 and 2 hardware security modules (HSMs) achieved this certification in June 2024. This stringent certification is important for financial institutions and government organizations.
LiquidSecurity HSMs, powered by OCTEON DPUs, are designed for dense multi-tenant cloud environments. A single LiquidSecurity2 card can manage 100,000 encryption key pairs and process over one million operations per second. According to ABI Research, revenue from cloud-based HSMs is expected to grow from under 15% today to over 40% by 2028.
Marvell Technology, Inc. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, has announced a conference call to review its second quarter fiscal year 2025 financial results. The call is scheduled for Thursday, August 29, 2024, at 1:45 p.m. Pacific Time, following the release of the financial results.
Interested parties can join the conference call through two methods: without operator assistance by registering at https://emportal.ink/4bYingS, or with operator assistance by dialing 1-800-836-8184 or 1-646-357-8785. The call will also be webcast on the Marvell Investor Relations website. A replay will be available until September 5, 2024, by dialing 1-888-660-6345 or 1-646-517-4150, passcode 45397#.
Marvell Technology (NASDAQ: MRVL) has launched the Structera product line of Compute Express Link (CXL) devices to address memory challenges in cloud data centers. The line includes two families: Structera A CXL near-memory accelerators for high-bandwidth applications, and Structera X CXL memory-expansion controllers for high-capacity needs.
Key features include:
- Integration of Arm Neoverse processors
- Inline compression
- Four memory channels
- Support for up to 12 DDR4 memory modules
- 5nm manufacturing processes
The products aim to improve server efficiency, reduce e-waste, and optimize resource utilization for memory-intensive workloads in cloud environments.
Marvell Technology (NASDAQ: MRVL) has announced the immediate availability of its Teralynx 10 51.2 Tbps Ethernet switch in the Linux Foundation's open-source SONiC network operating system. The Teralynx 10 is a programmable switch with the industry's lowest published latency, designed for diverse workloads like cloud data center accelerated infrastructure. This move aligns with the market's shift towards open-network platforms, enabling tailored networking systems and faster development times. SONiC's popularity is growing rapidly, with deployment by seven of the top ten cloud service providers and a projected CAGR of 25%.
Marvell Technology (NASDAQ: MRVL) announced that its Teralynx 10 Ethernet switch device is now in volume production with customer deployments underway. The 51.2 Tbps switch offers industry-leading performance for AI and cloud data centers, featuring:
- Lowest latency (500-600 nanoseconds)
- Highest radix (512 ports)
- Low power consumption (1W per 100Gbps)
- Full programmability without impacting performance
The device supports open network platforms like SONiC, enabling faster deployment and optimization. Market demand for 51.2 Tbps switches is expected to grow at a 120% CAGR from 2024 to 2028, reaching 1.8 million units.
Marvell Technology has unveiled the industry's first 1.6 Tbps PAM4 DSP for active electrical cables (AECs). This new Alaska A 1.6T PAM4 DSP, built on Marvell's 5nm PAM4 technology, addresses the growing need for 200G/lane I/O to support AI accelerators and GPU bandwidth demands. It enables short-reach copper connectivity within accelerated compute racks. The AEC silicon market is projected to grow at 64% per year, reaching $1 billion by 2028, with DSPs powering nearly 40 million units annually. The device features eight 200 Gbps SerDes lanes, an advanced equalization engine, and supports multiple AI infrastructure applications, providing over three meters' reach at 200G/lane. Partners like Amphenol, Molex, and TE Connectivity are poised to sample these DSP-based AECs by August.
Marvell Technology, headquartered in Santa Clara, California, has announced a quarterly dividend of $0.06 per share of common stock. The dividend will be payable on July 31, 2024, to shareholders of record as of July 12, 2024. This announcement reflects Marvell's ongoing commitment to returning value to its shareholders.
Marvell Technology reported its Q1 FY2025 financial results, showing a net revenue of $1.161 billion, a 12% year-on-year decline. The company's GAAP net loss was $215.6 million, or $(0.25) per diluted share, while non-GAAP net income reached $206.7 million, or $0.24 per diluted share. Gross margins stood at 45.5% GAAP and 62.4% non-GAAP. Cash flow from operations was $324.5 million. The company’s data center revenue grew 87% year-over-year, driven by custom AI programs. Marvell anticipates a sequential revenue increase of 8% for Q2 FY2025, projecting net revenue of $1.250 billion +/- 5%.
Marvell Technology has launched the Alaska P PCIe retimer product line, designed to enhance connections between AI accelerators, GPUs, CPUs, and other server components. These products are built on Marvell's 5nm PAM4 technology and feature the industry's lowest power consumption for PCIe Gen 6 retimers. This new line aims to address the growing needs for higher bandwidth and faster data rates in AI and ML applications, which have been driving the requirement for advanced connectivity solutions.
The Alaska P PCIe retimers come in 8- and 16-lane configurations and can compensate for significant signal loss, ensuring reliable communication over longer distances within servers. These retimers support various server architectures, including AI accelerator baseboards and riser cards, and can be integrated into both copper and optical connections. The launch of these products positions Marvell as a key player in the evolving market for compute fabrics, leveraging its extensive experience in PAM4 technology.