BRIEF-Marvell CEO: Now Expect Overall Revenue In FY 2027 To Grow About 40% YoY To Nearly $11.5 Billion - Conf Call

Marvell Technology, Inc.

Marvell Technology, Inc.

MRVL

0.00

May 27 (Reuters) - Marvell Technology Inc MRVL.O:

  • MARVELL TECH CEO: NOW EXPECT OVERALL REVENUE IN FISCAL 2027 TO GROW ABOUT 40% YOY TO NEARLY $11.5 BILLION - CONF CALL

  • MARVELL TECH CEO: NOW EXPECT DATA CENTER BUSINESS TO GROW ABOUT 50% THIS FISCAL YEAR

  • MARVELL TECH CEO: EXPECT OUR INTERCONNECT BUSINESS TO GROW MORE THAN 70% YEAR OVER YEAR

  • MARVELL TECH CEO: NOW EXPECT FISCAL 2028 REVENUE TO REACH APPROXIMATELY $16.5 BILLION

  • MARVELL TECH CEO: EXPECT Q2 DATA CENTER REVENUE GROWTH TO ACCELERATE INTO MID TO HIGH TEENS SEQUENTIALLY ON A PERCENTAGE BASIS

  • MARVELL TECH CEO: FY 2027 REVENUE GROWTH IN INTERCONNECT BUSINESS EXPECTED TO BE MORE THAN 70% YOY

  • MARVELL TECH CEO: EXPECT QTRLY REVENUE FROM TIAS AND DRIVERS TO EXCEED A $1 BILLION ANNUALIZED RUN RATE IN THE NEXT FEW QUARTERS

  • MARVELL TECH CEO: NOW EXPECT CUSTOM REVENUE TO MORE THAN DOUBLE YOY IN 2028

  • MARVELL TECH CEO: CUSTOM BUSINESS TO DELIVER OVER $10 BILLION REVENUE IN FY 2029

  • MARVELL TECH CEO: WE HAVE CUSTOM ENGAGEMENTS ACROSS THE BOARD AT ALL THE US HYPERSCALERS

Further company coverage: MRVL.O


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