8/1076 sources · 22 publishersUpdated Oct 8, 18:01 UTC
Marvell lifts fiscal 2028 revenue goal and targets up to $90B by fiscal 2031
Marvell Technology raised its fiscal 2028 revenue target to $20B at its October 6 investor day. It also set a fiscal 2031 revenue range of $70B to $90B, with management tying the outlook to AI data-center demand. The updated fiscal 2028 target exceeded the analyst estimate cited ahead of the event.
Why it matters
The targets establish a substantially higher multiyear execution benchmark for Marvell. Marvell says AI data-center demand supports the outlook, making delivery on custom compute and connectivity programs central to the plan.
Key facts
- 1Marvell raised its fiscal 2028 revenue target to $20B from $18B at its investor day. seekingalpha.com
- 2The fiscal 2028 target exceeded analyst estimates of $18.2B, according to the company. seekingalpha.com
- 3Marvell forecast fiscal 2031 revenue between $70B and $90B. finance.yahoo.com
Open questions
- Materials 2 and 18 give different prior fiscal 2028 revenue targets, stating $18B and $13B, respectively.
- Material 3 places the $70B-$90B revenue outlook in fiscal 2030, while material 20 places it in fiscal 2031.
Summary written by AlphAI from 20 of 76 sources. Not investment advice. Figures are as stated by the linked sources.