Q2: 2025-08-28 Earnings Summary
EPS of $0.67 misses by $0.00
| Revenue of $2.01B (57.60% Y/Y) misses by $3.99M
Marvell Technology, Inc. (NASDAQ:MRVL) Citi’s 2025 Global Technology, Media and Telecommunications Conference September 3, 2025 9:30 AM EDT
Company Participants
Matthew Murphy – CEO & Chairman
Willem Meintjes – Executive VP & CFO
Conference Call Participants
Atif Malik – Citigroup Inc., Research Division
Presentation
Atif Malik
Director and Semiconductor Capital Equipment & Specialty Semiconductor Analyst
My name is Atif Malik. I cover U.S. semiconductors, semiconductor equipment and networking equipment stocks at Citi. It’s my absolute pleasure to welcome Matt Murphy, Chairman and CEO, Marvell as well as Willem Meintjes, CFO. I always have to remind Matt, that he started his Marvell journey at Citi conference many years ago with Rick Hill on the stage. That’s why he owes one to me every time.
Matthew Murphy
CEO & Chairman
That’s right.
Question-and-Answer Session
Atif Malik
Citigroup Inc., Research Division
Exactly. So thank you for being here, Matt. Matt, coming out of your recent earnings call, investors are a bit concerned that something changed on the status of the two key XPU programs and that you didn’t appear as confident as before on the growth from customer revenue next year. Can you clarify what you were trying to communicate to investors?
Matthew Murphy
CEO & Chairman
Sure. Well, first of all, good morning, everybody. It’s great to see all the folks here and also on the call. just quite a couple of words upfront, and then I’ll get to your question. I think everybody is curious about my answer to that. But to start off, I appreciate you hosting us here. This is Citi 10 for me. So yes, I mean — if you can believe it back then, it was a whole different world. It was my first conference actually as CEO. And I mean, we were just happy to get our financials on file with the SEC at that point. And we had a consumer-oriented business with some enterprise and that
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