Highlights

  • Marvell introduced new connectivity chips in October to support higher bandwidth and power efficiency within expanding AI infrastructure.
  • Its second-generation memory expanders add six memory channels, with customer sampling expected during the first quarter of 2027.
  • Data Centre revenue increased 46% YoY in 2QFY27, helping group revenue reach a new quarterly record of USD 2.739bn.
  • Management expects further sequential revenue growth in 3QFY27 as demand develops across the connectivity and custom semiconductor businesses.

New connections and additional memory capacity are extending the AI infrastructure offering at Marvell Technology (NASDAQ:MRVL), a developer of data infrastructure semiconductors. Its October launches address different constraints inside large computing systems, following strong growth in the Data Centre business. Shares closed at USD 233.78, up 2.31%, after the market session ended on 26 October 2026. Some new chips are already sampling, while others remain scheduled for customer evaluation in 2027.

Connectivity Products Move Into Customer Sampling

On 13 October, Marvell introduced the Alaska E 3.2T protocol-aware retimer and second-generation Alaska A 1.6T active electrical cable digital signal processor. Both were sampling to customers at announcement.

The retimer provides sixteen lanes of 224G PAM4 connectivity for links between processors and switches in scale-up architectures. The cable processor moves to a three-nanometre manufacturing node, with the design aimed at higher performance and improved power efficiency in 1.6T active electrical cables.

These products target the challenge of moving data as AI systems add accelerators and increase network bandwidth. At higher signalling speeds, maintaining signal quality and copper reach becomes more demanding. Marvell's additions extend its connectivity range across circuit boards, backplanes and cables, addressing the links within racks rather than adding computing capacity alone.

Memory Expansion Follows a Different Availability Schedule

A 12 October update introduced the Structera X 3406 and 3506 CXL 3.2 memory expanders. The second-generation devices add six DDR4 or DDR5 channels, 50% more than the prior generation, and support PCIe Gen 6 connectivity.

Capacity reaches up to 9TB of DDR4 or 6TB of DDR5 per controller. Multi-host sharing and inline compression are designed to make more memory available for inference workloads. The company also described improved time to first token under equivalent context-length conditions, a workload-specific performance comparison rather than a general revenue measure.

Marvell expects these products to sample in the first quarter of calendar 2027. They extend an earlier Structera architecture already shipping to hyperscale customers. The distinction between current shipments, new customer samples and future sampling is relevant to the pace of product deployment.

Financial Growth Provides the Commercial Background

Revenue reached USD 2.739bn in 2QFY27, up 37% YoY, with Data Centre revenue increasing 46%. GAAP net income was USD 308mn, compared with non-GAAP net income of USD 865.9mn. Operating cash flow totalled USD 605.5mn.

For 3QFY27, management expects revenue of USD 3.15bn, plus or minus 5%, and non-GAAP diluted earnings of USD 1.10 per share, plus or minus USD 0.05. Its stated outlook reflects demand across connectivity and custom products, with custom-business growth expected to accelerate in the second half of FY27.

The October introductions broaden the portfolio serving those customers. Their sampling schedules remain product milestones, while the quarterly financial guidance covers the business as a whole.