Marvell Raises 2028 Revenue Forecast
Marvell Technology raised its fiscal 2028 revenue forecast to about 20 billion dollars due to surging demand for custom artificial intelligence data center chips. Company shares rose following the announcement, outpacing Wall Street expectations.
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MARVELL TECHNOLOGY INC raised its fiscal 2028 revenue forecast to $20 billion on Tuesday afternoon, topping Wall Street estimates on surging AI infrastructure demand. The upward revision follows a multiyear corporate pivot toward custom cloud-optimized silicon. The upgraded outlook underscores how specialized data center hardware continues to capture market share from traditional accelerators.
