Chipmaker Marvell Technology raised its revenue outlook for the next two fiscal years during its earnings call on August 27, projecting FY2027 revenue of approximately $12 billion (up 45% YoY) and FY2028 revenue of roughly $18 billion (up 50% YoY). Data center revenue now accounts for nearly 80% of total revenue, reaching $2.17 billion in Q2, a 46% increase year-over-year. The growth is fueled by hyperscaler AI infrastructure investments across custom AI chips, high-speed interconnects, and optical products. Marvell also expanded its custom silicon partnership with Google, which now holds warrants to acquire up to 7% of Marvell's outstanding shares.
Marvell Technology, one of the big chip names, raised its revenue outlook for fiscal 2027 and 2028 on its earnings call on August 27. The company now sees FY2027 revenue at about $12 billion, which would mark a 45% year-over-year jump, and FY2028 revenue at roughly $18 billion, up 50% from the prior year.
The push came from the data center segment. Big time. That unit now makes up nearly 80% of total revenue. In the second quarter, data center revenue reached $2.17 billion, up 46% year-over-year. The jump is tied to hyperscaler spending on AI infrastructure, including custom AI chips, high-speed interconnects, and optical products.
Marvell also tightened its relationship with Google through a broader custom silicon agreement. And Google now has warrants to buy as much as 7% of Marvell's outstanding shares, a clear sign of a long-term commitment to working together on AI chips.
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