MRVL vs QCOM: AI Stock Comparison

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

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$MRVL scores higher on AI exposure (4/5 vs 2/5) under our published rubric. The score measures how directly each business is tied to AI, not which stock to buy.
⏱ Next catalyst: Not enough tracked catalysts to compare.
$MRVL 🏆
Marvell Technology, Inc.
Custom silicon and optical DSPs for data-center AI.
$QCOM
Qualcomm Incorporated
Smartphone SoCs and modems pushing into on-device and data-center AI.
AI exposure score⚡⚡⚡⚡⚡ 4/5⚡⚡⚡⚡⚡ 2/5
Shares outstanding876.9M
as of 2026-08-21 · 10-Q cover page · SEC filing
1.07B
as of 2026-11-02 · 10-K cover page · SEC filing
CategoryAI chipsAI chips
Key metrics
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
Revenue (latest fiscal year) $43.12B
10-K period ended 2026-09-27; -3% y/y · SEC filing
Operating income $8.66B
Same fiscal year; 20% operating margin · SEC filing
Net income $13.63B
Same fiscal year · SEC filing
Next earnings
Dec 1, 2026 expected
Marvell Technology, Inc. quarterly earnings · source
Not yet announced / not on our calendar
Next catalyst
Dec 1, 2026 expected
Marvell Technology, Inc. quarterly earnings · source
Not yet announced / not on our calendar
Upcoming catalysts
Dec 1, 2026 expected
Marvell Technology, Inc. quarterly earnings · source
None tracked
Most recent reported
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.
Nov 4, 2026
QUALCOMM Incorporated reports quarterly results · source
On-device AI and data-center ambitions. Fiscal Q4 GAAP revenue $10.32B (-8% y/y), GAAP EPS $1.17; fiscal 2026 revenue $43.1B. Reiterated a fiscal 2027 Data Center revenue target of $5B.
Key risks
  • “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
  • “Our increasing focus on artificial intelligence (AI), including on-device AI, agentic AI and AI infrastructure, may not result in the anticipated benefits and could expose us to additional…” — 10-K risk factor (filed 2026-11-04) · source
  • “The semiconductor industry is subject to intense competition in an environment of rapid technological change. Our success depends in part on our ability to adapt to such change and compete…” — 10-K risk factor (filed 2026-11-04) · source
AI angle

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.

Qualcomm's revenue is mostly handsets, autos and IoT. Its AI angle is on-device inference in Snapdragon chips plus newer data-center inference products, which its 10-K flags as an uncertain bet.

Full analysis: $MRVL →Full analysis: $QCOM →

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