Marvell (MRVL) Q1 FY26 earnings call

Marvell commenced its fiscal year with strong Q1 results, exceeding guidance driven by robust AI demand in the data center segment and ongoing recovery in carrier infrastructure and enterprise networking. The company is strategically expanding its custom silicon platform with advanced packaging and NVLink Fusion, securing 3nm wafer capacity for future AI XPU programs. Management anticipates continued growth across segments, with AI revenue projected to become the majority of total company revenue in the near future.