ARM vs. Marvell Technology: What Revenue Trends for These Artificial Intelligence Companies Tell Investors
Key Points
Marvell Technology currently demonstrates a stronger overall revenue profile than ARM by consistently generating higher sales volume and maintaining a smoother upward growth trajectory across the eight evaluated reporting periods.
Marvell delivered uninterrupted quarter-over-quarter revenue increases, while ARM experienced a more uneven quarter-over-quarter pattern characterized by periodic seasonal peaks followed by corresponding sequential dips.
Investors should watch whether the revenue gap currently separating the two companies continues to widen steadily or begins to narrow in upcoming quarters as their respective operational growth strategies unfold.
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ARM: An Uneven but Upward Revenue Trajectory
ARM (NASDAQ:ARM) primarily generates its operating revenue by conceptualizing, engineering, and licensing core computing processing unit designs, graphics processing units, and complementary system intellectual property solutions for various semiconductor manufacturers and original equipment manufacturers operating across multiple global industries.
It collaborated with several partner organizations to develop a capability framework tailored specifically for autonomous systems, and it recently hosted a developer event in California to actively support newly emerging computing architectures across the broader technology landscape.
Marvell Technology: Consistent Quarter-Over-Quarter Revenue Growth
Marvell Technology (NASDAQ:MRVL) primarily generates its revenue by designing and providing data infrastructure semiconductor solutions, integrated analog circuits, storage controllers, and specialized ethernet processors that span from the centralized data center core directly out to the broader network edge.
It officially announced plans to expand its technical engineering workforce and physical facility operations located in India over the next three years, while it also expanded a multi-year manufacturing agreement to increase its overall optical connectivity production capacity.
Why Revenue Matters for Investors
Revenue measures a company's ability to generate baseline sales before accounting for expenses. This metric reveals whether an organization is successfully attracting customers and growing its overall business volume over time.
Quarterly Revenue for ARM and Marvell Technology
| Calendar quarter | ARM Revenue | Marvell Technology Revenue |
|---|---|---|
| Q3 2024 | $844.0 million (quarter ended Sept. 30, 2024) | $1.5 billion (quarter ended Nov. 2, 2024) |
| Q4 2024 | $983.0 million (quarter ended Dec. 31, 2024) | $1.8 billion (quarter ended Jan. 31, 2025) |
| Q1 2025 | $1.2 billion (quarter ended March 31, 2025) | $1.9 billion (quarter ended May 3, 2025) |
| Q2 2025 | $1.1 billion (quarter ended June 30, 2025) | $2.0 billion (quarter ended Aug. 2, 2025) |
| Q3 2025 | $1.1 billion (quarter ended Sept. 30, 2025) | $2.1 billion (quarter ended Nov. 1, 2025) |
| Q4 2025 | $1.2 billion (quarter ended Dec. 31, 2025) | $2.2 billion (quarter ended Jan. 31, 2026) |
| Q1 2026 | $1.5 billion (quarter ended March 31, 2026) | $2.4 billion (quarter ended May 2, 2026) |
| Q2 2026 | $1.3 billion (quarter ended June 30, 2026) | $2.7 billion (quarter ended Aug. 1, 2026) |
Data source: Financial Modeling Prep. Data as of Sept. 25, 2026.
Foolish Take
A look at the revenue trends for Arm and Marvell reveal the stark difference in how each is affected by the artificial intelligence boom. Both are enjoying year-over-year sales growth, but the latter is expanding at a far more rapid quarterly pace. This illustrates the greater demand Marvell is experiencing for its AI-related offerings.
Arm's focus on smartphone designs was a benefit when mobile device adoption was exploding, but in the AI era, the company has needed to adjust its strategy. It is moving into semiconductor chip production for its data center CPUs, rather than merely licensing its technology. Like other chipmakers in the industry, Arm will be a fabless provider, outsourcing the actual manufacturing. Watching subsequent quarterly sales trends will reveal if this new development accelerates its revenue growth.
Marvell is seeing incredible quarterly sales increases because its custom chip capabilities are in demand by tech giants. The company is confident that the current revenue growth trajectory will continue. On Oct. 6, management raised its revenue outlook for its 2028 fiscal year (FY), ended Jan. 31, 2028, to $20 billion, up from $18 billion in August. Marvell also set a FY2031 target of $70 billion to $90 billion in sales, so its forecast anticipates spectacular growth ahead.
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Robert Izquierdo has positions in Arm Holdings and Marvell Technology. The Motley Fool has positions in and recommends Arm Holdings and Marvell Technology. The Motley Fool has a disclosure policy.
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