Press release
Marvell to Host Webinar on the Future of Custom Silicon Technology for AI Infrastructure; Postpones Investor Day
Reaffirms Midpoint of Fiscal First Quarter 2026 Revenue Outlook; Narrows Guidance Range to +/- 2% SANTA CLARA, Calif., May 6, 2025 /PRNewswire/ -- Marvell
About this update from Marvell Technology, Inc.
[{"type":"text","content":"Reaffirms Midpoint of Fiscal First Quarter 2026 Revenue Outlook; Narrows Guidance Range to +/- 2%\nSANTA CLARA, Calif., May 6, 2025 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced it will host a webinar focused on the future of custom silicon technology for AI infrastructure. The event aligns with Marvell's previously scheduled annual internal senior technical leadership conference.\nIn light of the dynamic macroeconomic environment, the company has decided to postpone its previously scheduled Investor Day from June 10, 2025, to a future date in calendar 2026.\nThe upcoming webinar will showcase advances in Marvell's comprehensive technology platform enabling the next generation of custom AI infrastructure. Marvell's senior leadership team will share their perspective on the rapidly evolving AI technology landscape and discuss the growing opportunity for custom silicon.\nThe event will take place from 10:00 am to 12:00 pm Pacific Time on Tuesday, June 17, 2025. Presentations will be followed by a Q&A session, and investors and analysts may ask questions using the \"submit questions\" link within the webcast window during the live event. \nThe webinar will be streamed live and accessible via the Events section of Marvell's Investor Relations website at http://investor.marvell.com/. A replay will be available following the event.\n\"We have decided to postpone our investor day given the current uncertain macroeconomic environment. At the same time, we continue to make great progress in our custom AI silicon business and look forward to sharing updates on the expanded opportunities since our AI Day a year ago,\" said Matt Murphy, Marvell's Chairman and CEO. \"This topic is central to our annual senior technical leadership conference in Santa Clara on June 17th and 18th, making it an ideal time to engage with the investment community through a focused webinar.\"\nReaffirming Midpoint of Fiscal First Quarter 2026 Revenue Outlook and Narrowing Guidance Range\nThe Company also reaffirmed the midpoint of its revenue outlook for the first quarter of fiscal 2026, as previously provided on March 5, 2025, and announced a narrower guidance range. Net revenue is now expected to be approximately $1.875 billion, within a range of +/- 2%, compared to the prior rang...