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Key Takeaways

• Marvell Technology postponed its investor day, citing "the dynamic macroeconomic environment."

• The event, originally scheduled for June 10, will be moved to sometime next year.

• The integrated circuit manufacturer also narrowed its fiscal 2026 first-quarter revenue guidance.

Shares of Marvell Technology (MRVL) slumped 11% to lead Nasdaq decliners Wednesday, a day after the manufacturer of integrated circuits delayed its investor day and narrowed its sales guidance.

Marvell said that because of "the dynamic macroeconomic environment," it is postponing its previously scheduled investor day from June 10 "to a future date in calendar 2026."

CEO Matt Murphy called the macroeconomic environment "uncertain," but explained that the company continues "to make great progress in our custom AI silicon business and look forward to sharing updates on the expanded opportunities since our AI Day a year ago." Murphy added that "this topic" will be central at the company's annual senior technical leadership conference in Santa Clara, Calif., next month, when it also "will host a webinar focused on the future of custom silicon technology for AI infrastructure."

Marvell also affirmed the midpoint of its fiscal 2026 first-quarter revenue guidance of $1.875 billion, but now believes it will be plus or minus 2% versus the earlier outlook of plus or minus 5%.

Marvell Technology shares have lost about half their value in 2025.

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