During its Investor Day on October 6, 2026, Marvell Technology announced a fiscal 2031 revenue target between $70 billion and $90 billion. This projection follows a record fiscal Q2 2027, where the company reported quarterly revenue of $2.74 billion, driven by a 46% year-over-year increase in the data center segment.
Management has raised its full-year fiscal 2027 revenue outlook to approximately $12 billion, representing 45% annual growth. Additionally, the company increased its fiscal 2028 revenue guidance to approximately $20 billion, up from the previous estimate of $18 billion.
The company identifies AI connectivity, custom silicon, and optical solutions as its primary growth drivers. With data centers currently accounting for 79% of total revenue, Marvell's financial performance is increasingly tied to capital expenditure in the artificial intelligence sector.
