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Dec 3, 2025 12:30 PM

Marvell Could Hit $10B Next Year, CEO Says — And AI Demand Is Just Getting Started

Marvell Technology Inc (NASDAQ:MRVL) just put a very loud stake in the ground: revenue could reach roughly $10 billion next year, CEO Matt Murphy said in the company's third quarter earnings call Q&A, and the market's reaction feels like it's still absorbing the size of that ambition. What sounded like cautious guidance quickly morphed into something closer to a multi-year AI supercycle roadmap.

Sequential Growth Every Quarter, And Acceleration Ahead

Murphy didn't hedge. "You're absolutely in the ballpark when you add up the numbers I gave you on $10 billion for next year," he said, calling it a motivational target for the team. He then dropped the part Wall Street wasn't expecting: Marvell expects sequential revenue growth ...