Marvell forecasts massive revenue growth as Broadcom reports record AI chip sales
Marvell Technology announced its investor‑day outlook, projecting $12 billion of revenue for fiscal 2027, $20 billion for fiscal 2028 and a $70‑$90 billion range for fiscal 2031, while saying its addressable market will reach $400 billion by 2030. Broadcom reported third‑quarter AI‑chip revenue of $16.7 billion, up 221 % year‑over‑year, and forecast fourth‑quarter AI‑chip revenue of $21.7 billion, up 236 %. The news lifted Broadcom shares 4.3 % on Oct. 6, though they slipped slightly the following day.
Why it matters
The strong AI‑chip results and Marvell’s aggressive growth targets reinforce demand for customizable silicon, supporting Broadcom’s valuation which is 10.86 % below its GF Value™ estimate. Investors may view the outlook as a catalyst for continued revenue expansion in the sector.
Key facts
- 1Marvell is guiding for revenue of $12 billion in fiscal 2027. finance.yahoo.com
- 2Marvell is guiding for revenue of $20 billion in fiscal 2028. finance.yahoo.com
- 3Marvell’s forecast range for fiscal 2031 is $70 billion to $90 billion. finance.yahoo.com
- 4Marvell says its total addressable market will climb to $400 billion by 2030. finance.yahoo.com
- 5Broadcom’s Q3 AI‑chip revenue was $16.7 billion, up 221 % YoY. finance.yahoo.com
- 6Broadcom forecast Q4 AI‑chip revenue of $21.7 billion, up 236 %. finance.yahoo.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.