Marvell Technology CEO Says Now Expect Overall Marvell Revenue In FY 2027 To Grow ~ 45% YoY To Roughly $12B; : Now Expect Data Center Business To Grow By ~ 60% This Fiscal Year; Now Expect Fiscal 2028 Revenue Of ~ $18B; Now Expect Fiscal 2028 Revenue To Grow ~50% YoY
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Why It Matters
Marvell's leader says the company expects to grow its sales much faster than normal over the next two years, especially in data centers where computers store information. When a company predicts big growth like this, investors watch to see if the company can actually deliver on those promises.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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