Marvell Technology has increased its fiscal 2028 revenue guidance to $18 billion, supported by broad connectivity growth and significant expansion in optics, including near-packaged optics (NPO). The company expects operating margins to reach 38-40% by Q4 and projects fiscal 2028 EPS between $6.30 and $6.70, making its shares more attractive on forward earnings. While $8.5 billion in purchase commitments pose a risk if AI demand slows, Marvell's current net debt and production cost coverage provide a near-term financial cushion. Optics revenue is expected to exceed $300 million in fiscal 2028 with further growth anticipated in 2029.
Marvell Technology's raised fiscal 2028 revenue guidance adds a layer of optimism for investors watching its stock. On Pluang, MRVL trades at USD 265.45, up 0.82% as of Sep 30, 2026, 20:02 WIB, below its 52-week high of USD 316.43. Despite cautious order activity leaning 62% Sell to 38% Buy, the market cap stands strong at $236.60 billion, reflecting sustained investor interest.
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