# Marvell Technology Raises Long-Term Revenue Targets and Secures Nvidia Partnership

- URL: https://stocks.freetheai.org/news/marvell-technology-raises-long-term-revenue-targets-and-secures-nvidia-91386d
- Published: 2026-10-12T11:00:00Z
- Category: company_news; sentiment: bullish; impact: high
- Symbols: [NASDAQ:MRVL](https://stocks.freetheai.org/symbols/NASDAQ-MRVL)
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Marvell Technology, Inc. (MRVL) raised its long-term financial forecast following strong growth in artificial intelligence and data-center demand. The semiconductor company increased its fiscal 2028 revenue guidance to approximately $20 billion and set a target of around $80 billion for fiscal 2031. Second-quarter revenue rose 37% year-over-year to $2.74 billion, with the data-center segment generating 79% of total sales after a 46% annual increase.

The revised outlook is supported by expanded partnerships with major technology firms. Marvell formed a $2 billion agreement with Nvidia incorporating NVLink Fusion for custom processors and networking equipment. Additionally, the company expanded its commercial arrangement with Google and continues collaboration with Amazon Web Services. Marvell maintains low leverage with a debt-to-equity ratio of about 0.27 and a current ratio of roughly 3.17, providing ample liquidity for ongoing research and infrastructure development.

Looking ahead, market participants are keeping an eye on technical indicators and upcoming product showcases. Marvell plans to demonstrate its new data-center switching, optics, and storage technologies at the OCP Global Summit. With the stock trading around 94.3 times earnings following price target upgrades from multiple Wall Street firms, traders are monitoring potential technical support levels near $244 if a short-term pullback occurs.

## Key points

- Marvell Technology raised its fiscal 2028 revenue target to about $20 billion and set an $80 billion target for fiscal 2031.
- Second-quarter revenue climbed 37% year-over-year to $2.74 billion, driven by a 46% surge in data-center sales.
- The company partnered with Nvidia in a $2 billion NVLink Fusion deal for custom processors and networking gear.
- Commercial ties were expanded with Google and Amazon Web Services for AI and data-center infrastructure.
- Financial metrics show a low debt-to-equity ratio of about 0.27 and a strong current ratio of roughly 3.17.

## Questions and answers

### What is Marvell Technology's new revenue guidance?

Marvell Technology raised its fiscal 2028 revenue guidance to approximately $20 billion and established a long-term target of around $80 billion by fiscal 2031.

### What is Marvell's agreement with Nvidia?

Marvell partnered with Nvidia through a $2 billion investment and NVLink Fusion agreement to develop custom processors and networking infrastructure.

### How much of Marvell's revenue comes from data centers?

Data-center sales represented approximately 79% of Marvell's fiscal 2027 second-quarter revenue after growing 46% year-over-year.