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Marvell Technology CEO Matt Murphy reports $1.5 billion in fiscal 2026 custom AI silicon revenue
Thursday, March 5, 2026 at 11:17 PM
Marvell Technology's custom AI silicon business has grown from zero to $1.5 billion in revenue for fiscal year 2026. The company's leadership projects that revenue from these custom partnerships with hyperscalers will increase by more than 20% in fiscal year 2027 as programs continue to scale.
Context
In a fiscal 2026 earnings announcement on March 5, 2026, Marvell Technology CEO Matt Murphy confirmed the company’s custom AI silicon revenue reached $1.5 billion annually, scaling from zero in just a few years. Murphy stated, "In just a few years, we have scaled from zero revenue to $1.5 billion in fiscal 2026... We expect custom revenue to grow more than 20% year-over-year in fiscal 2027." This growth is primarily driven by high-volume partnerships with cloud hyperscalers for custom XPUs (accelerated processing units). This surge in custom compute, alongside record data center demand, propelled Marvell to record total fiscal 2026 revenue of $8.195 billion, a 42% year-over-year increase. Management issued a bullish outlook for fiscal 2027, forecasting total revenue to approach $11 billion. The company is leveraging its 2nm custom technology platform and advanced packaging to secure over 20 design wins expected to enter production by fiscal 2028.
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