Marvell raises fiscal 2027 and 2028 outlook on AI bookings strength

As seen on the 24/7 Wall St. homepage on August 27, 2026.

Earnings · 2027 Q2 Matt Murphy CEO
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.

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

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We are seeing broad-based strength across our Data Center portfolio, including strong demand in Connectivity and a significant acceleration in our Custom business beginning in the second half of fiscal 2027. We look forward to showcasing these growth drivers and sharing Marvell's long-term strategy for enabling the continued expansion of AI infrastructure at our Investor Day on October 6th, 2026.

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