{"id":261812,"date":"2026-06-02T06:33:00","date_gmt":"2026-06-02T10:33:00","guid":{"rendered":"https:\/\/news-you-need.com\/index.php\/2026\/06\/02\/marvell-technology-stock-hits-all-time-highs-with-a-16-5-billion-2028-revenue-target-behind-it\/"},"modified":"2026-06-02T06:35:08","modified_gmt":"2026-06-02T10:35:08","slug":"marvell-technology-stock-hits-all-time-highs-with-a-16-5-billion-2028-revenue-target-behind-it","status":"publish","type":"post","link":"https:\/\/news-you-need.com\/index.php\/2026\/06\/02\/marvell-technology-stock-hits-all-time-highs-with-a-16-5-billion-2028-revenue-target-behind-it\/","title":{"rendered":"Marvell Technology Stock Hits All-Time Highs With a $16.5 Billion 2028 Revenue Target Behind It"},"content":{"rendered":"<p><a href=\"https:\/\/www.tikr.com\/blog\/marvell-technology-stock-hits-all-time-highs-with-a-16-5-billion-2028-revenue-target-behind-it\">Marvell Technology Stock Hits All-Time Highs With a $16.5 Billion 2028 Revenue Target Behind It<\/a><\/p>\n<p><a href=\"https:\/\/www.tikr.com\/blog\/marvell-technology-stock-hits-all-time-highs-with-a-16-5-billion-2028-revenue-target-behind-it\">https:\/\/www.tikr.com\/blog\/marvell-technology-stock-hits-all-time-highs-with-a-16-5-billion-2028-revenue-target-behind-it<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-06-02 06:33:00<\/a><\/p>\n<p>Source Domain: <a href=\"www.tikr.com\">www.tikr.com<\/a><\/p>\n<h2 class=\"wp-block-heading\" id=\"h-key-stats-for-marvell-technologies-stock\">Key Stats for Marvell Technologies Stock<\/h2>\n<ul class=\"wp-block-list\">\n<li><strong>52-Week Range: <\/strong>$61 to $225<\/li>\n<li><strong>Current Price: <\/strong>$219<\/li>\n<li><strong>Street Mean Target: <\/strong>$223<\/li>\n<li><strong>Street High Target:<\/strong> $300<\/li>\n<li><strong>Analyst Consensus: <\/strong>31 Buys, 8 Outperforms, 5 Holds, 1 Underperform, 1 Sell<\/li>\n<li><strong>TIKR Model Target (Jan. 2031):<\/strong> $490<\/li>\n<\/ul>\n<p><strong>Most investors never know if a stock is truly undervalued or overpriced. TIKR\u2019s professional-grade valuation tools give you a clear, data-backed answer across 60,000+ stocks for free \u2192<\/strong><\/p>\n<h2 class=\"wp-block-heading\" id=\"h-marvell-technology-stock-raised-its-fy28-revenue-forecast-by-1-5-billion-in-a-single-quarter\">Marvell Technology Stock Raised Its FY28 Revenue Forecast by $1.5 Billion in a Single Quarter<\/h2>\n<p>Marvell Technology (MRVL) posted record first-quarter FY2027 revenue of $2.42 billion following its May 27 earnings call, beating analyst estimates of $2.40 billion and growing 28% year over year.<\/p>\n<p>CEO Matt Murphy guided Q2 revenue to approximately $2.70 billion, plus or minus 5%, ahead of the $2.60 billion analyst consensus at the time.<\/p>\n<p>The company now expects FY2027 revenue to grow approximately 40% year over year to nearly $11.5 billion, up from earlier guidance of around 30% growth.<\/p>\n<p>FY2028 guidance moved to approximately $16.5 billion, a $1.5 billion increase from the outlook provided just one quarter earlier.<\/p>\n<p>Data center revenue reached $1.83 billion in Q1, representing 76% of total company revenue and growing 27% year over year.<\/p>\n<p>Murphy even cited \u201cexceptional AI-related bookings\u201d as the primary driver, with custom silicon, optical interconnect, and Ethernet switching all contributing to the beat.<\/p>\n<p>Marvell Technology stock has effectively become a proxy for the hyperscaler capital spending cycle, with the company holding active custom silicon engagements with all five major U.S. hyperscalers.<\/p>\n<p>The interconnect business, which encompasses high-speed optical products for AI data center networking, is now expected to grow more than 70% in FY2027, up from a prior expectation of 50%.<\/p>\n<p>Murphy stated on the Q1 2027 earnings call: \u201cWe have custom engagements across the board at all the&#8230;<\/p>\n<p><a href=\"https:\/\/www.tikr.com\/blog\/marvell-technology-stock-hits-all-time-highs-with-a-16-5-billion-2028-revenue-target-behind-it\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marvell Technology Stock Hits All-Time Highs With a $16.5 Billion 2028 Revenue Target Behind It&#8230;<\/p>\n","protected":false},"author":1,"featured_media":261813,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/res.cloudinary.com\/tikr\/images\/w_600,h_360,c_scale\/f_webp,q_auto\/v1780380319\/images\/FEATURED-IMAGE-MAKER-731\/FEATURED-IMAGE-MAKER-731.png?_i=AA","fifu_image_alt":"","footnotes":""},"categories":[8],"tags":[],"class_list":["post-261812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/261812"}],"collection":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=261812"}],"version-history":[{"count":1,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/261812\/revisions"}],"predecessor-version":[{"id":261814,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/261812\/revisions\/261814"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/261813"}],"wp:attachment":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=261812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=261812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=261812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}