By Alex Sirois
Publication Date: 2026-08-24 13:05:00
© genkur / iStock via Getty Images
Broadcom (NASDAQ:AVGO | AVGO Price Prediction) and Marvell Technology (NASDAQ:MRVL) both just reported, and their numbers frame the two ends of the custom AI silicon trade. Broadcom is scaling like a hyperscaler utility. Marvell is the higher-leverage secondary supplier chasing optics and XPU-attached sockets. Same theme, very different businesses.
Custom Silicon Carries Broadcom. Optics Carries Marvell.
Broadcom posted fiscal Q2 revenue of $22.19 billion, up 47.87% year over year, with AI semiconductor revenue at $10.8 billion, up 143%. That single AI line is more than four times Marvell’s entire quarterly business, which is the cleanest way to grasp the scale gap.
CEO Hock Tan said Q2 AI bookings exceeded $30 billion, with visibility now extending to 2028. He guided fiscal Q3 AI revenue to $16.0 billion, growing over 200%. Networking alone was almost 40% of Q2 AI revenue, which is a real moat.
Marvell delivered record fiscal Q1…
