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Marvell shares rise after unveiling strong multi-year outlook at Investor Day

The Motley Fool ·

MRVL Marvell Technology Inc
$274.66 -3.52%
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  1. 1Marvell shares rose as much as 11% on Tuesday morning.
  2. 2Marvell announced a revenue outlook of $12 billion for fiscal year 2027.
  3. 3Marvell provided a revenue outlook of $20 billion for fiscal year 2028.

So what's the key point?

Marvell announced that it expects to earn a lot of money over the next few years. The stock price rose on news that revenue is expected to reach $20 billion in fiscal year 2028.

Source The Motley Fool · View original ↗

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