Marvell Technology (MRVL) reported a significant growth outlook, anticipating custom silicon revenues to increase by over 20% in fiscal 2027 and to more than double in fiscal 2028. The company’s interconnect business is expected to see a 70% year-over-year growth in fiscal 2027, driven by demand for AI infrastructure solutions.
Marvell also projects that total integrated active devices (TIAs) and drivers will exceed a $1 billion annualized revenue run rate in the coming quarters. Additionally, DCI module revenues are expected to reach approximately $1 billion by fiscal 2028. Year-to-date, MRVL shares have surged by 167.8%, outperforming the Zacks Electronics – Semiconductors industry, which saw a 30.3% increase.
Despite strong growth prospects, MRVL faces challenges, including geopolitical risks and heightened competition from key players like Broadcom and Advanced Micro Devices. The company’s supply chain, which heavily relies on shipments to China and Taiwan, could be impacted by evolving U.S. chip export regulations.
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