Marvell Technology raises its fiscal year 2028 revenue outlook to approximately $20 billion, up from the previous estimate of $18 billion. For fiscal 2027, Marvell expects revenue of about $12 billion, representing 45% year-over-year growth. In Q2 fiscal 2027, the data center segment generated $2.17 billion, accounting for 79% of total revenue of $2.739 billion. The company values the AI market at $400 billion by 2030. According to CEO Matt Murphy, most of the fiscal 2028 uplift comes from connectivity products, including 1.6T optical signal processors and scale-up optics, rather than the Google agreement.
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