Marvell Technology announced at its Investor Day a fiscal 2031 revenue target of $70 to $90 billion. In fiscal Q2 2027, the company posted record quarterly revenue of $2.74 billion, up 37% year-over-year. Its data center segment generated $2.17 billion, a 46% increase, and now accounts for 79% of total revenue. Marvell revised upward its fiscal 2027 guidance to approximately $12 billion and its fiscal 2028 guidance to approximately $20 billion. Shares rose nearly 8% intraday, with the three identified growth drivers being AI connectivity, custom silicon, and optical solutions.
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