News Summary:
On October 2, 2026, Marvell Technology reported rapid expansion in its data-center business, driven by increased demand for custom silicon connectivity and memory infrastructure amid rising AI spending in the semiconductor industry. Earlier the same day, Marvell reported a 36% year-over-year revenue increase in its latest quarter, fueled by strong data center demand, and projects fiscal 2027 revenue to reach $12 billion, marking a 50% increase from $8 billion in fiscal 2026. Previously, on October 2, Marvell raised its fiscal 2028 revenue outlook to $18 billion, expecting custom chip sales to more than double. This follows a significant deal with Google signed in July, which has the potential to generate $120 billion in cumulative revenue over six years. On October 1, Marvell affirmed a quarterly dividend of US$0.06 per share, providing a cash return to shareholders alongside its AI infrastructure growth story. Also on October 1, the company announced its 2nm optical interconnect demonstrations for AI data center connectivity, which were showcased at the European Conference on Optical Communication (ECOC) 2026, held from September 20–24, 2026, in Málaga, Spain.
Subscribe for full access to Marvell Technology's products in full detail 
