Marvell Technology NASDAQ: MRVL outlined an expanded long-term growth plan at its 2026 Investor Day, raising its fiscal 2028 revenue outlook and projecting a path to $70 billion to $90 billion in annual revenue by fiscal 2031 as artificial intelligence infrastructure drives demand for connectivity, custom silicon and optical technologies.
Marvell Technology is deepening its ties with NVIDIA and Microsoft to expand AI infrastructure and cloud security as it takes on Broadcom and Astera Labs.
Marvell Technology Inc (NASDAQ:MRVL) shares rose 6.5% to $288.94 in trading on Tuesday morning after reaching an intraday high of $301.27 as investors reacted to the company's bullish long-term revenue forecasts. Marvell forecast fiscal 2031 revenue of $70 billion to $90 billion, with the midpoint of $80 billion exceeding Wall Street's $46.85 billion estimate, according to analysts polled by Visible Alpha.
Marvell Technology shares MRVL jumped more than 7% on Tuesday after the chipmaker unveiled significantly higher long-term revenue targets at its investor day, underscoring the scale of the opportunity it sees from the artificial intelligence infrastructure boom. The company now expects approximately $20 billion in revenue for fiscal 2028, up from its previous forecast of $18 billion issued in August.
Marvell Technology's AI-driven growth is accelerating, but its premium valuation, customer concentration and fierce competition warrant caution.
Marvell Technology is positioned as a key supplier for the accelerating AI datacenter buildout, supporting robust long-term growth. MRVL's earnings are expected to double every two years over the next four years, driven by strong demand for its data center products and strategic partnerships. The stock trades at a fair PEG of 1.42, reflecting high expected annual earnings growth of 45.61% and margin expansion.
A small bet on Marvell in 2016 survived three brutal collapses that would have shaken most investors out of their positions before the real gains even began.
Zacks.com users have recently been watching Marvell (MRVL) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Marvell just posted record revenue and raised guidance, yet its stock sits nearly 20% off its highs while AI sentiment drags it lower. Three upcoming catalysts could determine whether this gap closes or widens.
Marvell Technology, Inc. maintains a Strong Buy rating as fiscal 2028 guidance rises to $18 billion revenue, driven by broad-based connectivity growth. MRVL's operating margin is guided toward 38–40% by Q4, with fiscal 2028 EPS estimated at $6.30–$6.70, making shares cheaper on forward earnings. Scale-up optics and near-packaged optics, or NPO, represent a meaningful upside, with fiscal 2028 optics revenue expected to exceed $300 million and further ramping in fiscal 2029.
Marvell is evolving into a dual business: high-margin connectivity and fast-growing custom silicon for hyperscalers, positioning itself as a core AI infrastructure provider. Despite FY2027's seemingly high valuation, MRVL's upside is compelling when considering FY2028 estimates and its asymmetric risk/reward profile. Custom silicon growth drives revenue, but gross margins may compress; merchant networking remains a high-quality margin anchor.
Few large chip names have delivered a year like Marvell Technology (NASDAQ:MRVL | MRVL Price Prediction), and the scale of that run now forces a real decision on shareholders. Marvell stock is up 210% this year to $263.