Jonah Lupton(@JonahLupton):Keep in mind, $MRVL is expected to do $12B revs in their FY2027 which ends in January 2027 which means management thinks they can grow revs at a 60% CAGR for the next 4 years through FY2031 which is 50% higher than consensus which was at a 40% revenue CAGR through FY2031 Sell side was already looking for EPS to grow at a 50% CAGR through FY2031 however if revenue growth might be 50% higher than it's possible EPS growth is also 50% higher in which case the stock trading at 48x NTM EPS isn't so crazy anymore.

2026.10.06 16:11

Keep in mind, $MRVL is expected to do $12B revs in their FY2027 which ends in January 2027 which means management thinks they can grow revs at a 60% CAGR for the next 4 years through FY2031 which is 50% higher than consensus which was at a 40% revenue CAGR through FY2031 Sell side was already looking for EPS to grow at a 50% CAGR through FY2031 however if revenue growth might be 50% higher than it's possible EPS growth is also 50% higher in which case the stock trading at 48x NTM EPS isn't so crazy anymore.

Jonah Lupton@JonahLupton

2026.10.06 14:29

Optical stocks having a big day on the back of $MRVL investor day... management is sharing some crazy bullish forecasts for the next 4-5 years. "In FY2028 we expect $20b in total company revenues, up from the $18b outlook we gave you in August, driven by connectivity. In custom, we expect FY2029 revenues to more than triple reaching at least $12b, putting us well above our prior target. Looking out to FY2031, we see a path to $70b to $90b in annual revenues, with $80b at the midpoint." Fwiw, if they hit $85b revenues in FY2031 it would be double the consensus revs for FY2031, which is currently at $42.7b @JensenHuang did say $MRVL would be a $1 trillion company someday... I guess management just laid out the path.