Fiscal 2028 revenue outlook raised to about $18 billion
On the earnings call, Murphy put the company's new revenue outlook for fiscal 2027 at about $12 billion, compared with the previous about $11.5 billion. He also raised the outlook for fiscal 2028 to about $18 billion, from the $16.5 billion he gave just a quarter ago.
on the Q2 fiscal 2027 earnings call
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Marvell's AI Bookings Are Stellar. But Its Gross Margin Guide Is What Moved the Stock.What the article says
"AI-related bookings remain exceptionally robust, and we expect our revenue growth to accelerate further through the remainder of fiscal 2027," CEO Matt Murphy said in the press release announcing the ...
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