$MRVL I really didn't see this guidance coming.
Marvell has set its FY31 revenue target at $70 billion to $90 billion, with an operating margin of 44% to 46%. According to JPMorgan, its earnings per share could exceed $35 by CY30.
That figure is nearly double Wall Street's previous expectation—basically blowing the ceiling wide open.
The main driver is data center demand, with $67.5 billion to $87.5 billion of revenue anchored to this segment.
Marvell has set its FY31 revenue target at $70 billion to $90 billion, with an operating margin of 44% to 46%. According to JPMorgan, its earnings per share could exceed $35 by CY30.
That figure is nearly double Wall Street's previous expectation—basically blowing the ceiling wide open.
The main driver is data center demand, with $67.5 billion to $87.5 billion of revenue anchored to this segment.