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Marvell raises 2028 revenue forecast on strong AI data center demand

Summary by Channel News Asia
Oct 6 : Marvell raised its 2028 revenue forecast to about $20 billion on Tuesday, citing strong demand for its chips used in data centers.Shares of the company rose nearly 9 per cent in early trading. The stock has more than tripled in value so far this year.Marvell had forecast $18 billion in revenue

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Marvell raises 2028 revenue forecast on strong AI data center demand

Oct 6 : Marvell raised its 2028 revenue forecast to about $20 billion on Tuesday, citing strong demand for its chips used in data centers.Shares of the company rose nearly 9 per cent in early trading. The stock has more than tripled in value so far this year.Marvell had forecast $18 billion in revenue

·Singapore, Singapore
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Marvell’s Fiscal 2028 Revenue Outlook Stands at About $18 Billion

The company set the outlook in its Aug. 27 earnings release.

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TokenPost broke the news on Tuesday, October 6, 2026.
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