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

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

Marvell impresses Wall Street with strong earnings and a much bigger long-term outlook

Marvell's ambitious growth targets could significantly impact AI infrastructure investment trends, influencing broader tech market dynamics.

CEO Matt Murphy Sets Ambitious Five-Year Plan: Marvell (MRVL) Targets 55-60% Annual Growth

Marvell (MRVL) stock jumped 8% after CEO Matt Murphy announced $70-90B revenue target for 2031, driven by AI chip demand and data center growth.