Marvell updates fiscal 2027 and 2028 revenue outlook
Marvell Technology CEO now expects overall Marvell revenue in FY 2027 to grow approximately 45% year over year to roughly $12 billion - conf call
Marvell Tech CEO now expects data center business to grow by approximately 60% this fiscal year
Marvell Tech CEO now expects fiscal 2028 revenue of approximately $18 billion
Marvell Tech CEO now expects fiscal 2028 revenue to grow approximately 50% year over year
Corrected-Marvell Tech CEO: currently expect fiscal 2027 growth to approach our 10% target for communications and other end markets (adds dropped words)
Marvell Tech CEO: remain confident that custom chip business will more than double year over year in fiscal 2028 and accelerate significantly in fiscal 2029
Marvell Tech CEO: revenue from programs covered by warrant agreement with Google through FY 2028 is already reflected in the overall custom revenue target we have previously provided
Marvell Tech CFO: remain on pace to make approximately $1 billion of capacity prepayments to suppliers in FY 2027
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