---
format: "aidr-story-markdown/v1"
id: "1b22da22a81e9e3cda7ac5c0d265f6da3eb04da39b8eb3505ffce6861b6ff3e7"
canonical_url: "https://aidr.today/1b22da22?lang=en"
title: "Marvell Lifts FY28 Revenue Target to $18B on Doubling Custom AI Sales"
lang: "en"
requested_lang: "en"
available_langs: ["en","vi"]
translation_fallback: null
fallback_fields: []
published_at: "2026-08-28T05:47:07.000Z"
category: "Chips"
topics: ["nvidia","chips","infra","inference"]
source_urls: ["https://huggingnews.com/earnings/marvell-lifts-fy28-revenue-target-to-18b-on-doubling-custom-ai-sales-c06dcf01","https://x.com/jukan05/status/2093103613535289723","https://x.com/PhotonCap/status/2093184907585671481","https://x.com/YahooFinance/status/2093071526727700700","https://x.com/wallstengine/status/2093068065013633508","https://x.com/wallstengine/status/2093079980431536604","https://x.com/wallstengine/status/2093082952251171141","https://x.com/PhotonCap/status/2093071839736270874"]
summary: "Marvell forecasts its data center business will grow more than 60% in fiscal 2028 as AI connectivity becomes the primary driver of growth. The company raised its overall revenue target for the period to $18 billion from a previous estimate of $16.5 billion and projects custom chip revenue will more than double. Scale-up optics demand has accelerated beyond the $300 million FY28 outlook provided last quarter, which includes $150 million from Celestial AI CPO. Marvell also reported that multiple hyperscalers are deploying CXL memory architecture at scale to combat memory scarcity and surging inference demand. Shares declined following the report despite second quarter revenue of $2.73 billion beating estimates."
---

# Marvell Lifts FY28 Revenue Target to $18B on Doubling Custom AI Sales

> [Open the canonical story](<https://aidr.today/1b22da22?lang=en>)

**Published:** 2026-08-28T05:47:07.000Z
**Category:** Chips
**Topics:** nvidia, chips, infra, inference

## Summary

Marvell forecasts its data center business will grow more than 60% in fiscal 2028 as AI connectivity becomes the primary driver of growth\. The company raised its overall revenue target for the period to $18 billion from a previous estimate of $16\.5 billion and projects custom chip revenue will more than double\. Scale\-up optics demand has accelerated beyond the $300 million FY28 outlook provided last quarter, which includes $150 million from Celestial AI CPO\. Marvell also reported that multiple hyperscalers are deploying CXL memory architecture at scale to combat memory scarcity and surging inference demand\. Shares declined following the report despite second quarter revenue of $2\.73 billion beating estimates\.

## Sources

- [Story source](<https://huggingnews.com/earnings/marvell-lifts-fy28-revenue-target-to-18b-on-doubling-custom-ai-sales-c06dcf01>)
- [Story source](<https://x.com/jukan05/status/2093103613535289723>)
- [Supporting source](<https://x.com/PhotonCap/status/2093184907585671481>)
- [Story source](<https://x.com/YahooFinance/status/2093071526727700700>)
- [Supporting source](<https://x.com/wallstengine/status/2093068065013633508>)
- [Supporting source](<https://x.com/wallstengine/status/2093079980431536604>)
- [Supporting source](<https://x.com/wallstengine/status/2093082952251171141>)
- [Supporting source](<https://x.com/PhotonCap/status/2093071839736270874>)