Marvell Technology (MRVL) anticipates significant revenue growth, projecting a 40% increase year-over-year by fiscal 2027 and a 45% boost in fiscal 2028, aiming for approximately $16.5 billion in revenue. The data center business will remain a major growth contributor, with an expected 50% revenue increase in fiscal 2027 and 55% in fiscal 2028.
Marvell is actively involved in five AI infrastructure growth areas—scale-out optics, data center interconnect (DCI), scale-up optics, Ethernet switching, and custom silicon. The company expects its DCI solutions for major U.S. hyperscalers to achieve a $1 billion annualized revenue rate by fiscal 2028, essentially doubling fiscal 2026 figures. Custom silicon revenues are projected to grow over 20% in fiscal 2027 and more than double in fiscal 2028, after reaching around $1.5 billion.
Marvell’s stock has surged 186.3% year-to-date, outpacing the Zacks Electronics – Semiconductors industry’s growth of 51.1%. The Zacks Consensus Estimate for MRVL’s earnings implies a year-over-year growth of 41% for fiscal 2027 and 44% for fiscal 2028, with upward revisions in estimates noted over the past month.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
