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Marvell sees Data Center revenue jump as AI interconnect demand grows
In its latest quarter, Marvell reported Data Center revenue rose 27.2% year over year to $1.83 billion, and it raised its fiscal 2027 revenue outlook by more than $500 million.
Marvell Technology designs chips and networking gear used to build AI infrastructure, and its latest reported results highlight the Data Center segment as the key growth engine. According to Yahoo Finance, Marvell’s share was trading at $211.02 as of August 6, 2026, with trailing and forward P/E ratios of 64.5 and 46.3, respectively.
In the latest quarter, Marvell’s revenue grew 27.6% year over year to $2.42 billion, with Data Center revenue increasing 27.2% to $1.83 billion. The Data Center segment now accounts for about 76% of total revenue, positioning it as the main driver of the company’s improving growth rate.
The bullish view is tied to AI computing clusters growing larger and requiring faster connections between processors, memory, and networking equipment. The article argues Marvell can benefit from demand for custom chips, additional networking capacity, and faster interconnects as more AI infrastructure is built.
Marvell also raised its long-term outlook, increasing its fiscal 2027 revenue forecast by more than $500 million and its fiscal 2028 forecast by around $1.5 billion, putting fiscal 2028 revenue at an expected $16.5 billion. The interconnect business is singled out, with fiscal 2027 growth now expected to top 70% year over year, the piece says.