Marvell Raises 2028 Revenue Outlook to $18 Billion on Custom AI Chip Growth

Key Facts

1Marvell raised its fiscal 2028 revenue outlook to $18 billion, with custom chip sales expected to more than double.

2Marvell signed a major deal with Google that could potentially generate $120 billion in cumulative revenue over six years.

Marvell raised its fiscal 2028 revenue outlook to $18 billion, with custom chip sales expected to more than double. The Motley Fool reported that the company signed a major deal with Google that could potentially generate $120 billion in cumulative revenue over six years, as the firm capitalizes on surging demand for specialized AI hardware.

GOOGL closed at $338.24 on October 1, 2026, while other major technology peers saw varied performance, with MSFT closing at $512.8 and META at $725.93 on the same date. Marvell's bullish guidance highlights the scale of its partnerships with hyperscalers to drive long-term revenue expansion through specialized silicon.