Marvell Raises Fiscal 2028 Revenue Outlook to $20 Billion
Marvell raised its fiscal 2028 revenue outlook to $20 billion from $18 billion and projected fiscal 2031 revenue of $70 billion to $90 billion. BNP Paribas analyst Karl Ackerman said the forecasts could support earnings of about $33.40 per share by 2030, above management’s target of more than $30.