IDC: Ethernet Switch Revenues up 20.1% in 2023

The worldwide Ethernet switch revenues grew 20.1% year over year in 2023 to $44.2 billion, according to the International Data Corporation (IDC) Worldwide Quarterly Ethernet Switch Tracker and the Worldwide Quarterly Router Tracker. In the fourth quarter of 2023 (4Q23) the Ethernet switch market grew 0.8%. The total worldwide enterprise and service provider (SP) router market recorded $16.4 billion in revenue in 2023, a year-over-year decline of...

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IDC: Enterprise WLAN sales dropped in Q4

The latest release of the International Data Corporation (IDC) Worldwide Quarterly Wireless LAN Tracker reports that the enterprise segment of the worldwide wireless local area network (WLAN) market saw revenues grow 7.6% year over year in 2023 to $10.8 billion, however, in the fourth quarter, enterprise customers deployed a record amount of product inventory, leading to a sharp decline of 25.5% compared to Q4 2022."2023 was a dynamic year in the...

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Crehan: Server-class Ethernet NIC revenue tops $6B in 2023

During calendar-year 2023, data center customers invested significantly in server and storage networking, which drove total annual server-class Ethernet NIC market revenues to $6 billion, according to a recent report from Crehan Research. Spending on accelerated networking was particularly strong, resulting in SmartNIC revenue – including DPUs and IPUs – surpassing foundational/performance NIC revenue during the year and now comprising more...

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Marvell reports Q4 sales of $1.427B, demand for AI data centers

Marvell Technology reported net revenue of $1.427 billion for its fourth fiscal quarter ended February 3, 2024, above the mid-point of the company's guidance provided on November 30, 2023. GAAP net loss for the fourth quarter of fiscal 2024 was $(392.7) million, or $(0.45) per diluted share. Non-GAAP net income for the fourth quarter of fiscal 2024 was $401.6 million, or $0.46 per diluted share. Cash flows from operations for the fourth quarter was...

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Broadcom reports revenue of $11.9B, demand for data center networks

 Broadcom reported revenue of $11,961 million for its first quarter, ended February 4, 2024, up 34 percent from the prior year period and up 11% from the prior year period when excluding the contribution of VMware.  GAAP net income was $1,325 million for the first quarter and GAAP diluted EPS was $2.84. Non-GAAP net income was $5,254 million for the first quarter and Non-GAAP diluted EPS was $10.99."We are pleased to have two strong drivers...

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Astera Labs launches IPO - PCIe + CXL + Ethernet

Astera Labs launched an initial public offering of 17,800,000 shares of its common stock. The offering consists of 14,788,903 shares of common stock offered by Astera Labs and 3,011,097 shares of common stock to be sold by certain of Astera Labs’ existing stockholders. Astera Labs will not receive any proceeds from the sale of shares by the selling stockholders.In addition, the underwriters will have a 30-day option to purchase up to an additional...

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