Marvell (MRVL) Q2 2027 Earnings Call Transcript

Senior Vice President of Investor Relations - Ross Seymore

Chairman and Chief Executive Officer - Matthew Murphy

President and Chief Operating Officer - Chris Koopmans

President of Data Center Group - Sandeep Bharathi

Operator: Good afternoon, and welcome to Marvell Technology Inc. Second Quarter of Fiscal Year 2027 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I will now turn the conference over to Mr. Ross Seymore, Senior Vice President of Investor Relations. Thank you. You may begin.

Ross Seymore: Thank you, and good afternoon, everyone. Welcome to Marvell's Second Fiscal Quarter 2027 Earnings Call. Joining me today are Matt Murphy, Marvell's Chairman and CEO; Dan Durn, CFO; Chris Koopmans, President and COO; and Sandeep Bharathi, President of our Data Center Group. Let me remind everyone that certain comments made today include forward-looking statements, which are subject to significant risks and uncertainties that could cause our actual results to differ materially from management's current expectations.

Please review the cautionary statements and risk factors contained in our earnings press release, which we filed with the SEC today and posted on our website as well as our most recent 8-K, 10-K, 10-Q and other documents that we file from time to time with the SEC. We do not intend to update our forward-looking statements. During our call today, we will refer to certain non-GAAP financial measures. A reconciliation between our GAAP and non-GAAP financial measures is available in our earnings press release. Let me now turn the call over to Matt for his comments on the quarter. Matt?

Matthew Murphy: Thanks, Ross, and good afternoon, everyone. Before I discuss our results and outlook, I want to briefly highlight 2 management transitions that occurred during our last quarter. First, Willem Meintjes stepped down as Marvell's CFO in mid-June. I deeply appreciate Willem's steady hand, leadership and tireless commitment to transforming Marvell over his decade with the company, and I greatly respect his desire to spend more time with his family. To ensure a seamless transition, we simultaneously welcome Dan Durn as our new CFO. Dan brings more than 3 decades of experience in senior finance roles across semiconductor and enterprise technology companies.

And having most recently served on Marvell's Board of Directors, Dan comes into the role with a deep understanding of our business and strategy as well as a unique appreciation for the significant growth opportunities at Marvell ahead. Second, in July, we began a transition in our Investor Relations leadership. After 8 years with Marvell, Ashish Saran will retire from the company in April 2027. I want to personally thank Ashish for his leadership, partnership and countless contributions to Marvell. I also appreciate the thoughtfulness and care he has brought to planning this transition, including helping us identify the right successor.