Finn Stockinger(@FinnStockinger):$MRVL FY2028 revenue target keeps moving higher: Sep 2025: $13B Dec 2025: $15B May 2026: $16.5B Aug 2026: $18B That's a 38% increase in less than a year. And we're only halfway through FY2027. FY2027 revenue guidance is now $12B. With Q3 guided at $3.15B, Marvell needs just $3.69B in Q4 to hit the $12B target. Then comes FY2028: $18B. That means the next 6 quarters represent $24.84B of revenue. Using Marvell's current 31.6% non-GAAP net margin, that's $7.85B of non-GAAP earnings. At $216.62, MRVL is trading at roughly 24.2x earnings generated over the next 6 quarters. The interesting question isn't whether management misjudged demand. It's whether AI infrastructure demand is evolving faster than long-term models can keep up with. $18B is today's FY2028 target. Will it still be $18B after the next update?

2026.08.31 13:04

$MRVL FY2028 revenue target keeps moving higher: Sep 2025: $13B Dec 2025: $15B May 2026: $16.5B Aug 2026: $18B That's a 38% increase in less than a year. And we're only halfway through FY2027. FY2027 revenue guidance is now $12B. With Q3 guided at $3.15B, Marvell needs just $3.69B in Q4 to hit the $12B target. Then comes FY2028: $18B. That means the next 6 quarters represent $24.84B of revenue. Using Marvell's current 31.6% non-GAAP net margin, that's $7.85B of non-GAAP earnings. At $216.62, MRVL is trading at roughly 24.2x earnings generated over the next 6 quarters. The interesting question isn't whether management misjudged demand. It's whether AI infrastructure demand is evolving faster than long-term models can keep up with. $18B is today's FY2028 target. Will it still be $18B after the next update?