Earnings
Home›Earnings›Previews›Marvell targets up to $37.5B a year from AI data cente…
Marvell targets up to $37.5B a year from AI data center chip links
At its Oct. 6 Investor Day, Marvell forecast fiscal 2031 revenue of $70B to $90B, implying minimum annualized growth of 54% over the next five years.
Marvell Technology outlined a long-range growth plan at its Oct. 6 Investor Day, projecting fiscal 2031 revenue of $70 billion to $90 billion, according to MarketBeat Ratings. The company also pointed to a minimum annualized growth rate of 54% over the coming five years.
A key pillar of that forecast is Marvell's business connecting AI chips to data centers, which it said could generate about $37.5 billion per year by the fiscal 2031 target, MarketBeat Ratings reported. The update was framed as one of the most important drivers of the growth trajectory.
MarketBeat Ratings said the Investor Day news lifted Marvell's stock and also buoyed Ciena Corp. and Astera Labs. The outlet noted investors will need to judge whether those AI-chip-adjacent companies share similar growth prospects or are benefiting from the broader momentum around Marvell.
The source added that Ciena sells optical networking equipment that links data centers, a complementary fit with Marvell's data center-focused AI chip links, while the article also highlighted the market's willingness to bet on Marvell meeting its targets.