Chip designer Marvell Technology has unveiled a fully operational PCIe 8.0 SerDes system, demonstrating a data rate of 256 gigatransfers per second at the DesignCon 2026 conference. This strategic reveal occurs just days before the company’s quarterly results on March 5th and follows two significant billion-dollar acquisitions in recent weeks, highlighting its push to strengthen its standing in the competitive AI data center market.
Strategic Acquisitions Bolster AI Infrastructure Capabilities
The product announcement comes on the heels of a pair of strategic purchases. On February 2nd, Marvell finalized the acquisition of Celestial AI for $1 billion. The company’s photonic interconnect technology is projected to generate its first revenue in the second half of fiscal 2028, with a target run-rate of $500 million by the end of that year and $1 billion by the close of 2029.
Merely eight days later, Marvell completed the purchase of XConn for approximately $540 million. This deal adds PCIe 5/6 and CXL 2.0/3.1 switching chips to Marvell’s portfolio, technologies critical for building scale-up AI infrastructures.
A Broad Portfolio for Data-Centric Computing
Beyond the future-facing PCIe 8.0 standard—which is not slated for finalization until 2028—Marvell displayed a suite of complementary solutions for AI data centers during its February 24th presentation in Santa Clara. The new PCIe generation doubles the bandwidth of PCIe 7.0, enabling up to 1 TB/s of bidirectional throughput. For the demonstration, Marvell collaborated with TE Connectivity, signaling early ecosystem partnerships.
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The showcased technologies included 40G Die-to-Die interfaces for High-Bandwidth Memory, 224G SerDes over copper, 200G copper cables, and PCIe 7.0 technology. Furthermore, nine partners, including Amphenol, Foxconn, and Molex, featured Marvell-based connectivity solutions at their own exhibition booths.
Solid Financial Performance Amidst Stock Market Pressure
Marvell posted record revenue of $2.075 billion for the third quarter of fiscal 2026, representing a year-over-year increase of 36.8%. Adjusted earnings per share came in at $0.76. For the ongoing fourth quarter, management has provided revenue guidance of $2.2 billion.
Despite these robust figures, the company’s share price trades notably below its 52-week high. Marvell currently holds a market capitalization of around $67 billion, with a price-to-earnings ratio of approximately 28. Market analysts, as noted by the Motley Fool, continue to debate the company’s positioning with key clients, even as its five-year agreement with Amazon Web Services remains firmly in place.
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