Marvell Technology (MRVL) reported revenues of $8.2 billion for fiscal 2026, marking a 42% year-over-year increase, and anticipates growth of over 30% in fiscal 2027, projecting revenues of $11 billion. The company has witnessed record bookings and strong demand in its data center portfolio, particularly driven by AI infrastructure, with data center revenues exceeding $6.1 billion, up 46% year-over-year.
In fiscal 2026, Marvell’s custom silicon business doubled to approximately $1.5 billion, expected to grow over 20% in fiscal 2027. The company’s interconnect segment is forecasted to grow more than 50% annually due to the increased demand for 800G and 1.6T optical products. Additionally, acquisitions like Celestial AI and XConn are expected to enhance Marvell’s position in AI networking.
Year-to-date, Marvell’s stock has surged by 107.5% compared to a 35.4% increase in the Zacks Electronics – Semiconductors industry. As of now, the company is trading at a forward price-to-sales ratio of 13.15, which is above the industry’s average of 8.99.
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