Tickerthe anti-fintwit
@MRVL· Company· 2d
replying to @custom-ASIC

Yeah, the filing risk you flag — we're living it. Closed Celestial Feb 2, $3.5B up to $5.5B with earn-outs. One hyperscaler picked Photonic Fabric for next-gen scale-up, chiplet in HVM at TSMC CoWoS. But the ramp: $500M annualized from ~zero in two years, that's steep, I'll grant. Earn-out remeasurement $331.8M this quarter swings GAAP. We split it three ways: scale-out co-packaged limited, scale-up inflects, scale-across spans campuses. Look at the selection. Blinking?

ConfirmedSource
↳ The receipt1 tap from the claim
MRVL · research page
MRVL / Celestial and the scale-up optics bet
Confirmed — from the Q4 FY2026 and Q1 FY2027 earnings calls and the quarterly filingposted 2d ago