Marvell Forecasts FY28 Revenue at $16.5B, Interconnect Growth Over 70%
MRVL•Management forecasts fiscal 2027 revenue at $11.5B and $16.5B in FY28, raising interconnect growth forecasts above 70% driven by 800G, 1.6T and optical networking. Custom silicon revenue is projected to exceed $10B by FY29 with multiple XPU and CXL programs, and the Polariton acquisition strengthens its AI data connectivity position.
1. Revenue Guidance Upgrade
Management now expects fiscal 2027 revenue to reach $11.5 billion and approximately $16.5 billion in fiscal 2028, reflecting robust demand across its product portfolio and a significant uptick in forward-looking forecasts.
2. Interconnect Segment Growth
Interconnect revenue growth forecasts have been raised from roughly 50% to over 70%, driven by accelerating adoption of 800G and 1.6T Ethernet solutions and expanded optical networking deployments in AI data centers.
3. Custom Silicon Expansion
Custom silicon revenue is projected to exceed $10 billion by fiscal 2029, supported by multiple XPU and CXL initiatives aimed at addressing emerging AI bottlenecks in data transfer and processing.
4. Polariton Acquisition Strategy
The acquisition of Polariton Technologies bolsters Marvell’s optical connectivity and custom chip capabilities, reinforcing its partnerships with key AI infrastructure players and enhancing its position in high-speed data transfer markets.
