Marvell raises fiscal 2027 and 2028 outlook on AI bookings strength
As seen on the 24/7 Wall St. homepage on August 27, 2026.
AI-related bookings remain exceptionally robust, and we expect our revenue growth to accelerate further through the remainder of fiscal 2027. Given this strength, we are again raising our revenue outlook for both fiscal 2027 and fiscal 2028 compared with the guidance we provided last quarter.
Second straight quarter Marvell has lifted its revenue outlook, and this time the raise covers both fiscal 2027 and fiscal 2028 on custom AI silicon bookings. Guidance that far out moving twice in a row is the signal to track here.
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Marvell lifted revenue guidance for a second consecutive quarter, raising both its fiscal 2027 and fiscal 2028 outlooks on what CEO Matt Murphy called "exceptionally robust" custom AI silicon bookings. Murphy expects growth to accelerate further through the remainder of fiscal 2027.
Bookings are forward purchase commitments, so the demand behind these targets is already committed.
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Consecutive multi-year guidance raises are unusual for a semiconductor company.
For investors tracking custom AI silicon, the two-quarter pattern is the detail worth watching.
Sources
Mentioned: MRVL