Earnings call briefFiscal second-quarter 2027
Marvell Technology raises fiscal 2028 revenue outlook to about $18 billion
The company now expects fiscal 2027 revenue to grow approximately 45% year-over-year to roughly $12 billion, up from approximately $11.5 billion.
GetSignal Marvell Technology MRVL
Marvell Technology said on its fiscal second-quarter 2027 call that it now expects fiscal 2028 revenue of approximately $18 billion, up $1.5 billion from $16.5 billion. It now expects data center revenue to grow approximately 60% in fiscal 2027, up from approximately 50%. It expects fiscal third-quarter revenue of $3.15 billion at the midpoint, plus or minus 5%.
Quotes from the call
“Putting it all together, we now expect fiscal 2028 revenue of approximately $18 billion, up $1.5 billion from the $16.5 billion outlook we provided just 1 quarter ago.”
“As a result, we now expect overall Marvell revenue in fiscal 2027 to grow approximately 45% year-over-year to roughly $12 billion, up from our prior outlook of approximately $11.5 billion just 1 quarter ago.”
Key facts from the call
- Fiscal 2027 revenue outlook
- Roughly $12 billion, up from approximately $11.5 billion
- Fiscal 2028 revenue outlook
- Approximately $18 billion, up from $16.5 billion
- Fiscal third-quarter revenue guidance
- $3.15 billion at the midpoint, plus or minus 5%
- Fiscal 2027 data center growth outlook
- Approximately 60% year-over-year, up from approximately 50%
Source: Marvell Technology's fiscal second-quarter 2027 earnings call, August 27, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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