Marvell lifts fiscal 2028 revenue target to $20 billion

First reported by Quartz at · Updated · 2 sources

Marvell also set a fiscal 2031 revenue target of $70 billion to $90 billion. The 2028 goal exceeds analysts' $18.2 billion consensus, according to Quartz. DigiTimes reports that the company expects growing AI infrastructure demand to require more networking and optical connectivity, with plans to expand existing hyperscaler relationships.

  • Its strategy includes switches, optics and custom chips, according to DigiTimes.

Covered by 2 publishers within 5 hours of the first report.

Reporting2

Quartz Marvell is targeting $70 billion to $90 billion in revenue by fiscal 2031 · Colleen Cabili
DigiTimes Marvell raises 2028 revenue outlook to US$20 billion as AI connectivity expands · DIGITIMES