Marvell CEO projects 40% revenue growth to $11.5B in FY27, $16.5B in FY28
MRVL has more than doubled off its 52-week low of $58.61 on elevated volume (2.0× avg).
Summary
Marvell's CEO announced significantly raised revenue guidance, now expecting overall revenue to grow approximately 40% year-over-year to nearly $11.5 billion in fiscal year 2027, and reach about $16.5 billion in fiscal year 2028. This detailed outlook, provided during the conference call, follows the earlier Q1 earnings report and 8-K which broadly stated raised guidance. The specific, higher projections for both overall revenue and key segments like Data Center (50% growth this fiscal year) and Interconnect (>70% in FY27) provide concrete evidence of an accelerating growth trajectory, particularly driven by custom engagements with US hyperscalers.
At the time of this announcement, MRVL was trading at $205.39 on NASDAQ in the Technology sector, with a market capitalization of approximately $174B. The 52-week trading range was $58.61 to $218.26. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.