AMD vs MRVL: AI Stock Comparison

Advanced Micro Devices, Inc. vs Marvell Technology, Inc.: AI exposure, key metrics, next earnings dates, upcoming catalysts and risks — every number linked to its source.

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Tie: both score 4/5 on AI exposure under our rubric; compare the catalysts and risks below. The score measures how directly each business is tied to AI, not which stock to buy.
⏱ Next catalyst: $AMD has the earlier next catalyst (Nov 15, 2026).
$AMD
Advanced Micro Devices, Inc.
CPUs and Instinct GPUs; the main merchant alternative to NVIDIA.
$MRVL
Marvell Technology, Inc.
Custom silicon and optical DSPs for data-center AI.
AI exposure score⚡⚡⚡⚡⚡ 4/5⚡⚡⚡⚡⚡ 4/5
Shares outstanding1.64B
as of 2026-10-28 · 10-Q cover page · SEC filing
876.9M
as of 2026-08-21 · 10-Q cover page · SEC filing
CategoryAI chipsAI chips
Key metrics
Revenue (latest quarter) $13.38B
10-Q period ended 2026-09-26; +45% y/y · SEC filing
Gross margin 53.9%
Gross profit / revenue, same quarter · SEC filing
Operating income $2.83B
Same quarter; 21% operating margin · SEC filing
Revenue (latest quarter) $2.74B
10-Q period ended 2026-08-01; +37% y/y · SEC filing
Gross margin 53.1%
Gross profit / revenue, same quarter · SEC filing
Operating income $459.7M
Same quarter; 17% operating margin · SEC filing
Next earningsNot yet announced / not on our calendar
Dec 1, 2026 expected
Marvell Technology, Inc. quarterly earnings · source
Next catalyst
Nov 15, 2026 – Nov 20, 2026
SC26 Supercomputing Conference · source
Dec 1, 2026 expected
Marvell Technology, Inc. quarterly earnings · source
Upcoming catalysts
Nov 15, 2026 – Nov 20, 2026
SC26 Supercomputing Conference · source
Dec 9, 2026
FOMC rate decision + projections · source
Dec 1, 2026 expected
Marvell Technology, Inc. quarterly earnings · source
Most recent reported
Nov 3, 2026
Advanced Micro Devices, Inc. reports quarterly results · source
Data Center revenue $8.55B (+97% y/y) on EPYC and initial Instinct MI450 sales (company release).
Nov 2, 2026
Marvell to acquire Lumentum in all-stock deal (~$115B EV) · source
Combines electrical and optical AI connectivity; expected to close 1H 2028 pending approvals.
Key risks
  • “Government actions and regulations such as export regulations, import tariffs, and trade protection measures may limit our ability to export our products to certain customers.” — 10-K risk factor (filed 2026-02-04) · source
  • “If we fail to maintain the efficiency of our supply chain as we respond to changes in customer demand for our products, our business could be materially adversely affected.” — 10-K risk factor (filed 2026-02-04) · source
  • “Our sales are concentrated in a few large customers. If we lose or experience a significant reduction in sales to any of these key customers, if any of these key customers experience a…” — 10-K risk factor (filed 2026-03-11) · source
  • “Unfavorable or uncertain conditions in the Data Center and Communications markets may cause fluctuations in our rate of revenue growth or financial results.” — 10-K risk factor (filed 2026-03-11) · source
AI angle

AMD sells EPYC server CPUs and Instinct accelerators into AI data centers alongside PC and gaming chips. Its AI story hinges on how fast the Instinct GPU line ramps with large cloud and AI-lab customers.

Marvell's data-center segment (custom AI accelerators, electro-optics, switching) is its growth engine. The planned Lumentum acquisition, announced Nov 2, 2026, would add lasers and transceivers.

Full analysis: $AMD →Full analysis: $MRVL →

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