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Marvell (MRVL) says that data centre has expanded from less than 10% of revenue when the strategy was established in 2017; this reflects the co's deliberate shift away from its former consumer-electronics concentration

StockNow breaking-news AI analysis

Marvell reported updated FY28 revenue expectations, a FY31 revenue range, and an approximately USD 400 billion addressable market by 2030, alongside a stated shift in business mix.

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We see an approx. USD 400bln total addressable market for the Co. by 2030. Expects approx. USD 20bln in total company revenue in FY28 (prev. saw USD 15bln). Expects FY31 total revenue between USD 70-90bln.

1 stocks
MRVLMarvell Technology, Inc. Common Stock$289.81Current price

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