Marvell raises 2028 revenue forecast on strong AI data center demand

Stock Market Today, Oct. 6: Marvell Stock Is Up as the Company Raises FY2028 Revenue Outlook to $20 Billion

Today, Oct. 6, 2026, the chipmaker lifted near- and long-term targets at Investor Day, signaling stronger AI infrastructure demand ahead.

Marvell Technology Targets Up to $90B Revenue by 2031 as AI Demand Accelerates

Marvell Technology (NASDAQ:MRVL) outlined an expanded long-term growth plan at its 2026 Investor Day, raising its fiscal 2028 revenue outlook and projecting a path to $70 billion to $90 billion in annual revenue by fiscal 2031 as artificial intelligence infrastructure drives demand for connectivity,

Marvell raises fiscal 2031 revenue target at investor day

The chipmaker also raised its fiscal 2028 revenue goal to $20 billion, well above the analyst consensus of $18.2 billion

What Marvell's rosy long-term guidance means for our AI chip stocks

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Marvell Raises FY2028 Revenue Outlook to $20B

Marvell raised its FY2028 revenue target to about $20B from $18B and set a first FY2031 goal of $70B–$90B at its Oct. 6, 2026 Investor Day. · 20 sources across the spectrum on IJR News.

US stocks: Marvell raises 2028 revenue forecast on strong AI data center demand

Marvell has increased its revenue forecast for 2028 to around $20 billion due to strong demand. The company's shares surged nearly 9% in early trading following the announcement. Previously, Marvell had projected $18 billion in revenue in August, while analysts expected slightly higher figures. This year, the stock has tripled in value, reflecting investor confidence in the company's performance.