Marvell Technology’s data center switching division is on track for a breakout, with management forecasting revenues to exceed $300 million in fiscal 2026 and climb above $500 million in fiscal 2027 as next-generation platforms ramp. This growth reflects new customer engagements and accelerated adoption of the company’s comprehensive switch silicon portfolio, which now supports more than 400 gigabits per second line rates. Marvell has secured design wins with three of the top five global cloud providers and expects additional hyperscale and enterprise customers to come onboard by the second half of fiscal 2025. The scaling of its fourth-generation switch ASICs and integrated MAC+PHY products underpins a multi-year expansion that could double the data center switching business’s contribution to overall company revenue by fiscal 2028.

Beyond networking, Marvell’s custom AI processor unit delivered 51% year-over-year revenue growth in its most recent quarter, driven by high-margin engagements with leading hyperscalers. The company now holds design agreements with over ten AI customers and has shipped more than fifty distinct chip designs optimized for large language models and inference workloads. At a forward earnings multiple of 23, Marvell trades below the Nasdaq-100 average of 26, offering an attractive entry point for investors seeking exposure to AI infrastructure. New design wins announced in early 2026 include next-generation AI accelerators slated for deployment in high-performance computing clusters, positioning Marvell for another wave of scalable revenue growth in the latter half of the year.