Marvell Technology is projecting strong AI infrastructure growth, with fiscal 2027 revenues expected to nearly reach $11.5 billion（約1.8兆円）—about 40% year-over-year growth—driven by demand for custom chips and networking solutions.

What happened: Marvell Technology reported first-quarter fiscal 2027 revenues of $2.42 billion（約3900億円）, up 28% year over year, with data center revenue rising 27% to $1.83 billion（約2900億円） and accounting for 76% of total sales. The company expects its interconnect business (networking chips that link AI systems together) to grow more than 70% year over year in fiscal 2027.

Why it matters: AI applications for inference (where an AI produces answers) and agentic AI (self-directed AI systems) require substantial CPU compute and faster networking. Marvell is capturing this demand with custom silicon and networking products for large cloud providers, positioning the company for a multi-year growth runway supported by over 20 multi-generational socket wins (long-term customer commitments across multiple product generations).

What to watch: Marvell expects fiscal 2027 revenues to grow about 40% year over year to nearly $11.5 billion（約1.8兆円） and fiscal 2028 revenues to rise about 45% to roughly $16.5 billion（約2.6兆円）. However, the company faces risks from exposure to China and Taiwan, as well as potential margin pressure as newer data center platforms ramp up production.