Marvell Technology anticipates a growth of over 70% in its interconnect business year-over-year for fiscal 2027, driven by increased AI cluster size and complexity. The company also expects optical components, including TIAs and drivers, to surpass a $1 billion annualized run rate within the next few quarters, with a potential for achieving similar revenues in DCI modules by fiscal 2028.
Year-to-date, Marvell’s shares have surged by 228.4%, outperforming the Zacks Electronics – Semiconductors industry, which has grown 63.3%. Currently, the valuation stands at a forward price-to-sales ratio of 18.01X, compared to the industry average of 10.64X. The consensus estimate for Marvell’s earnings implies year-over-year growth rates of 42.3% for fiscal 2027 and 52.9% for fiscal 2028, reflecting upward revisions in estimates over the last month.
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