Marvell Technology’s data center segment now drives 76% of revenue as AI demand lifts fiscal 2027 and 2028 outlooks.
Marvell Technology’s market capitalization reached $214.58 billion on July 2, 2026, up from a 52-week low of $61.32, driven by a 189% year-to-date surge. The company’s data center segment now accounts for 76% of its $8.72 billion trailing revenue, reflecting strong AI-related demand.
CEO Matt Murphy raised fiscal 2027 and 2028 guidance, citing exceptional AI bookings and over 50 new custom AI opportunities across 10+ customers. Despite trading at 74x forward earnings, risks include customer concentration and potential hyperscaler vertical integration.
Marvell’s valuation reflects investor confidence in its AI-driven growth, though its exclusion from a recent top AI stock list highlights competitive pressures in the semiconductor sector.