Marvell raises FY27 revenue outlook to ~$12B and sees FY28 revenue accelerating to ~$18B
Marvell Technology raised its FY27 revenue outlook to roughly $12B from $11.5B previously, expecting about 45% YoY growth, and guided FY28 revenue to accelerate to approximately $18B with data center growth above 60%. Management noted the new Alphabet warrant/custom silicon agreement is already included in the FY28 outlook and gives confidence custom business can scale significantly in FY29.
Detected & updated continuously · Source: Nebula
Sources
@Sam_Badawi
$MRVL CEO Matt Murphy just said they raised its FY27 revenue outlook to roughly $12B, up from $11.5B previously, and now expects growth of about 45% YoY. Management says the second half should accelerate further from here. https://t.co/5HhEFJm3Bi
@schaeffers
Marvell $MRVL says revenue growth should accelerate further through the rest of FY27. Q2 revenue +37% YoY Data center +46% AI bookings "exceptionally robust" The company also raised FY27 + FY28 revenue outlooks, but shares are still -1.5% AH.
@StockSavvyShay
$MRVL now sees revenue accelerating to ~$18B in FY28 as data center growth remains above 60%. Management says custom revenue should be “more than doubling” in FY28 as Marvell’s AI pipeline starts converting into a much larger revenue base. https://t.co/T9D7tMXTPg
@Sam_Badawi
$MRVL said revenue from the new $GOOGL warrant/custom silicon agreement is already included in its FY28 outlook. But the agreement, combined with several additional programs, gives Marvell even more confidence its custom business can reach a significantly larger scale in FY29 https://t.co/Zx2WGYu8qM