Marvell Technology (MRVL): Lifts FY28 revenue target to ~$20B at investor day

Marvell raised its fiscal 2028 revenue target to about $20B from $18B, above the ~$18.2B consensus, and framed $70B-$90B of revenue by fiscal 2031. Shares jumped roughly 7-10% on Oct 6. The bar is now high for a stock already up sharply this year. $MRVL

Sources

• Marvell raises 2028 revenue forecast on strong AI data center demand (MarketScreener)
• Marvell Jumps 10% After Raising Its 2028 Revenue Target (GuruFocus)
• Marvell Shares Jump as Chipmaker Lifts Fiscal 2028 Revenue Target to $20bn (AskTraders)