Marvell Technology Sets Sights on 20% Market Share in Data Center Silicon; Is It Achievable?

Marvell Technology Inc.’s second quarter of fiscal year 2026 demonstrated notable progress, with record revenue of $2.006 billion—an increase of 6% sequentially and 58% year-over-year. The company’s significant growth was fueled by the data center end market, which represented 74% of the total revenue and saw a 69% year-over-year increase, largely driven by strong AI demand. This demonstrates the company’s successful pivot to focus on data centers and AI, a strategy underscored by the recent divestiture of its automotive ethernet business for $2.5 billion, allowing for concentrated investments in the data center sector.