这几天大家的注意力都被Nv­i­d­ia吸走了，不知有无老师注意到，曾业绩不及预期的光模块公司Lu­m­e­n­t­um都底部大涨近12%了。坚守剑桥科技的家人们，也需要一个更正宗的美股对标标的来鼓舞士气。

于是我们今晚再次邀请Ch­at老师为大家一键整理一下美满电子Ma­r­v­e­ll的法说会纪要——咱们继续勇敢追“光”，“光”芒万丈！

Me：周五美股明星美满电子(Ma­r­v­e­ll)业绩沟通会引爆光元器件行情，请为我整理Ma­r­v­e­ll在其最新的电话交流会中的相关表述。英文写一份，后面再用中文写一份。采用提纲形式，分点整理。

GPT：Sure, here's an outline of Marvell's comments during its recent earnings call:

1. Q1 2024 Financial Performance:
- Marvell reported revenues of $1.322 billion for Q1 2024, which was above the midpoint of their guidance.
- Their non-GAAP earnings per share were $0.31, $0.02 above the midpoint.
- They expect revenue for Q2 2024 to reach approximately $1.33 billion【7†source】.

2. AI as a Growth Driver:
- Marvell sees AI as a major opportunity and growth driver.
- AI data centers require significantly different architecture compared to standard cloud infrastructure, with a need for high-bandwidth connectivity, ultra-low latency, and high reliability【8†source】.
- Current AI systems still face constraints due to network capacity, and Marvell expects the demand for higher bandwidth optical interfaces to continue to grow【9†source】.
- Marvell has announced the industry's first 1.6 terabit PAM4 DSP platform, doubling the throughput from the current generation. They expect AI to drive the initial adoption of these products【10†source】.

3. Data Center Interconnect (DCI):
- Marvell has pioneered the DCI market and is providing 400 gigabits per second in their latest DCI product line【11†source】【12†source】.

4. Growth in Switching Demand:
- Marvell has a growing market position for low latency high capacity switches.
- They expect AI to lead the industry's transition from today's 12.8T switches to 51.2T, enabling a quadrupling in network bandwidth【13†source】.

5. Opportunity in AI Compute:
- Marvell sees a significant opportunity in AI compute through their cloud-optimized silicon platform.
- The architecture of AI data centers results in a higher ratio of accelerators to CPUs, with accelerators now dominating the compute opportunity【14†source】.

I did not find any specific mention of the impact of the call on the optoelectronics industry. However, Marvell's focus on high-bandwidth optical interfaces, PAM4 optics, and DCI products could suggest potential growth in this area. I'd recommend further research to get more specific insights into this aspect.

现在，我将以上信息翻译成中文：

1. 2024财年第一季度财务表现：
- 美满电子报告的2024财年第一季度收入为13.22亿美元，高于他们预期的中位数。
- 非美国通用会计准则每股收益为0.31美元，比中位数高0.02美元。
- 他们预计2024财年第二季度的收入将达到约13.3亿美元【7†source】。

2. AI作为增长驱动力：
- 美满电子视AI为主要的机会和增长驱动力。
- AI数据中心需要与标准云基础设施截然不同的架构，需要高带宽连接性，超低延迟和高可靠性【8†source】。
- 目前的AI系统仍然由于网络容量的限制而面临约束，美满电子预计对更高带宽光接口的需求将继续增长【9†source】。
- 美满电子已经宣布推出行业内首个1.6太比特PAM4 DSP平台，将当前代的吞吐量提高一倍。他们期望AI将驱动这些产品的初步采用【10†source】。

3. 数据中心互联(DCI)：
- 美满电子在DCI市场中处于领先地位，他们在最新的DCI产品线中提供400千兆比特/秒【11†source】【12†source】。

4. 交换需求的增长：
- 美满电子在低延迟高容量交换市场中的地位正在增长。
- 他们期望AI将引领行业从当前的12.8T交换机向51.2T转变，使网络带宽增加四倍【13†source】。

5. AI计算的机会：
- 通过其云优化的硅平台，美满电子在AI计算中看到了显著的机会。
- AI数据中心的架构使得加速器与CPU的比率更高，现在加速器正在主导计算机会【14†source】。

我没有找到电话会议对光电子工业影响的具体提及。然而，美满电子对高带宽光接口、PAM4光学和DCI产品的重视可能暗示了这一领域的潜在增长。我建议进行更深入的研究，以获取更具体的见解。