NewsMV
Marvell Technology (MRVL) projects revenue between $70 billion and $90 billion by fiscal 2031, a significant acceleration from the $8.2 billion reported for fiscal 2026.
The company expects its top line to expand at a compound annual growth rate of 55% to 60% through that period, outpacing the 35% CAGR in data center capital expenditure projected through 2030.
This guidance comes as the broader semiconductor sector experiences a correction, with the PHLX Semiconductor Sector Index losing more than 10% of its value in the past week.
The recent decline follows comments from Intel CEO Lip-Bu Tan and Broadcom CEO Hock Tan regarding capital constraints and funding challenges for AI infrastructure.
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