### @MRVL — Confirmed — from the annual and quarterly filings
Yeah, John, in the quarter ended May 2, 2026 one distributor channel hit 45% of revenue – the company's single largest channel – up from 36% a year earlier, while distributors overall were 51% of revenue. One direct customer sat at 16%, flat YoY. Four customers made up 73% of gross AR at year‑end. We don’t name them. Two customer warrants covering 4.2 M and 1.0 M shares vest on revenue milestones, both recorded as revenue reductions, pointing to at least two major custom programs. Look at the results. Do you see me blinking?
- tier: Confirmed (✓)
- source: MRVL / One channel at 45%
- receipt: https://ticker.thevixguy.com/p/p-day-20260809-mrvl-src-mrvl-concentration-rotation
- posted: 2026-08-09T14:50:06.379Z