Marvell · customer concentration
Marvell’s biggest customers
Who are Marvell’s biggest customers?
Distributor A: 37% of FY2026 revenue
The filing does not name this customer. Hollsteen never guesses names.
“In addition, net revenue from our ten (10) largest customers, inclusive of our distributor and direct customers, represented 82% of our total net revenue for fiscal 2026.”
Marvell 10-K, verbatim · 10-K · filed Mar 11, 2026
Numbers, method and sources
Share of revenue per customer as tagged in the filing’s XBRL (ConcentrationRiskPercentage, benchmark revenue). US GAAP requires disclosure only for customers with at least 10% of revenue; a year without a customer means below 10% or not disclosed. Labels like “Customer A” are the filer’s own; the same label is not guaranteed to be the same customer every year.
FY2026
- Distributor A (not named in filing) 37%
- Customer A (not named in filing) 14%
FY2025
- Distributor A (not named in filing) 34%
- Customer A (not named in filing) 13%
FY2024
- Distributor A (not named in filing) 24%
FY2023
- Distributor A (not named in filing) 20%
FY2022
- Wintech 15%
FY2021
- Wintech 13%
FY2020
- Wintech 12%
SEC filings only. No market data.
Is Marvell getting more dependent on one customer?
Largest disclosed customer, by fiscal year
All Marvell facts from SEC filings · Customer concentration of all companies