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A silver Marvell-branded computer chip sitting on a blue circuit board
Photo: Investing.com

Marvell Stock Jumps 6% on Raised Revenue Guidance

Investing.com2 min read6 sources

Why is Marvell stock up today?

Marvell (MRVL) stock rose about 6% to $287 on Tuesday after raising its fiscal 2028 revenue guidance to $20B, above the $18.2B consensus, and setting a $70-90B fiscal 2031 goal.

Key numbers

Fiscal 2028 revenue target$20Bvs $18.2B consensus
Fiscal 2031 revenue target$70-90Bvs ~$47B consensus (per [1])
Fiscal 2031 earnings per share target>$30vs ~$19 consensus (per [1])
Share price$287.01+5.8%; reports range 6-8%, intraday high ~+11%
Gain so far in 2026~240%239% per [4]
Planned yearly revenue growth to fiscal 203155-60%compound annual rate

What happened

Marvell (MRVL) stock rose about 6% to $287 on Tuesday after raising its fiscal 2028 revenue guidance to $20B, above the $18.2B consensus, and setting a $70-90B fiscal 2031 goal. Marvell makes the chips that move data around AI data centers and builds custom chips for big cloud companies. The $20 billion goal is about 67% higher than the $12 billion expected for fiscal 2027. Shares rose as much as 11% during the day and are up about 240% this year. Consensus is the average forecast from Wall Street analysts.

Why it matters

Marvell (MRVL) is telling investors that demand for its AI data-center chips will keep growing for years, with sales possibly several times larger by fiscal 2031. A forecast bigger than Wall Street expected can lift the stock and its rivals, and Broadcom rose about 4% the same day. After a rise of roughly 240% this year, investors now expect Marvell to actually deliver those sales.

Who this affects

Marketbullish
Medium impact
Chip investors cheered; AI-chip rally broadens, good for holders.
Companybullish
Medium impact
Shareholders gain, but high expectations raise delivery pressure.
Competitorsbullish
Medium impact
Broadcom rose about 4%; rivals benefit from the same demand.
Industrybullish
Medium impact
Custom AI chips gain ground against general-purpose graphics chips.

Marvell vs Broadcom, Nvidia

MarvellMRVL$287.01+5.8%—
BroadcomAVGO$375.81+3.7%$1.7T
NvidiaNVDA——~$6T

As of 2026-10-06

How we got here

  1. Marvell holds Investor Day in New York, lifting fiscal 2028 goal to $20B and setting fiscal 2031 range.

  2. Shares rise as much as 11% intraday; reports put the gain at 6% to 8%.

  3. Broadcom gains about 4% in sympathy as custom-chip demand read-through lifts rivals.

  4. S&P 500 closes at a record 7,818.93 as chip stocks lead.

What to watch

  • Marvell's next quarterly results, a test of progress toward the $20B fiscal 2028 goal.Q4 2026
  • Whether custom-chip design wins turn into dated revenue schedules, as analysts want.2027
  • Broadcom's next report, with AI chip sales guided to $21.7B for its fiscal fourth quarter.Q4 2026

Educational content only. Not investment advice.

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