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CAVIUM, INC.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2018 10-Q, filed May 2, 2018. Its latest SEC filing is a 15-12B from Jul 17, 2018.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Sells semiconductor processors and server and storage connectivity products to networking equipment makers, data centers and service providers.

How Did They Make Money?

Equipment makers place individual purchase orders for Cavium’s processors and connectivity products; software and services revenue comes from subscriptions, time-based licenses, maintenance and support, professional services, and training.

FY2017 revenue

Who Were Their Customers?

Networking, wireless, server, storage and consumer-equipment makers buy Cavium products directly or through contract manufacturers and distributors; it also sells through original design manufacturers and directly to large data centers.

Did Revenues Turn Into Profits?

No. It lost $68.9M in FY2017.

Operating income, FY2017
−6% of revenue
▼ −58% (Loss) vs FY2016 (−$133.6M, −22%)
Net income, FY2017
−7% of revenue
▼ −53% (Loss) vs FY2016 (−$147.2M, −24%)

How Were They Changing?

Since the FY2017 annual report
Latest quarter: Q1 FY2018, the three months to Mar 31, 2018
Revenue
▲ +1%
vs $229.6M in Q1 FY2017
Net income
▼ −17% (Loss)
vs −$50.5M in Q1 FY2017
  • Jul 6, 2018 Marvell completed its acquisition of Cavium Cavium became a wholly owned subsidiary of Marvell, and its shares were delisted from Nasdaq.

Grew. Revenue grew 3.2x in 4 years, from $304M in FY2013 to $984M in FY2017, about 34% a year.

Expanded server and storage connectivity The older report lists processors and a server adapter; the latest also includes QLogic Fibre Channel and Ethernet adapters and chips for server and storage connections.

Who Did They Compete With?

Competes with NXP Semiconductors, Intel, Marvell, Qualcomm, Hisilicon Technologies, Broadcom, and Mellanox

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