Marvell Technology Q3: Strong Data Center Growth & Amazon Partnership

Marvell Technologys Q3 results met expectations, with a 37% sales growth driven by strong demand in data centers, particularly for AI high-speed connections. The companys CEO, Matthew Murphy, highlighted robust data center growth and a recovery in communications markets. During the earnings call, analysts asked about long-term revenue goals, custom silicon growth, and a strategic agreement with Amazon. The company plans to focus on photonic fabric product adoption, data center growth, custom silicon programs, and communications market momentum in the coming quarters.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.