Marvell Technology has increased its fiscal year 2028 revenue target to $18 billion, raising the combined revenue expectations for FY2027 and FY2028 from about $20 billion to $30 billion. This growth is driven mainly by connectivity, switching, and storage segments, reducing reliance on custom silicon programs. The company has secured over 20 design wins for XPUs and expects custom ASIC revenue to reach $10–$11 billion by FY2029. Trading at a forward EV/EBITDA of 42.5x with a target of around 40% operating margins, Marvell is positioned competitively below peers like AMD and Astera Labs.
Marvell Technology reported strong AI growth and a $120 billion partnership with Google, but faces margin pressure from Taiwanese competitors like MediaTek and Alchip targeting the same hyperscaler contracts. Despite raising its fiscal 2028 revenue o...
Arm Holdings has introduced ready-made chip blueprints and a finished AGI CPU that offer hyperscalers a shortcut, potentially reducing demand for Marvell's custom chip designs. Arm's AGI CPU demand exceeds $2 billion, though supply constraints limit ...
Shares of major chipmakers like Marvell, AMD, and Intel dropped sharply after Lam Research, a chip equipment supplier, warned of ongoing supply chain constraints that could limit semiconductor production into 2027. This supply squeeze is hitting comp...
Credo Technology's stock has dropped 23.39% over three months despite delivering a strong quarter with 114.7% revenue growth and beating earnings estimates. The selloff followed concerns over margin contraction and customer concentration after a majo...
The AI investment trend is moving beyond GPU makers to focus on custom silicon, optical connectivity, and edge devices, benefiting chipmakers Marvell, Intel, and Qualcomm. Marvell, with strong data center revenue growth and custom silicon deals, coul...
