Marvell CEO Projects Data Center Revenue Topping $30 Billion by 2028 as AI Demand Surges

Marvell Technology CEO Matt Murphy told CNBC on October 7 that the company's implied data center revenue could exceed $30 billion by 2028, a striking target that underscores how rapidly AI infrastructure spending is reshaping demand for custom silicon and connectivity products. Murphy's comments came alongside a raised corporate revenue forecast, with Marvell lifting its fiscal 2028 revenue outlook to approximately $20 billion as AI data center buildout continues to accelerate.

The distinction between the $20 billion overall revenue figure and the $30 billion implied data center figure reflects the breadth of Marvell's positioning across the AI infrastructure stack, where its custom chips, optical interconnects and networking products serve hyperscale customers. Murphy's appearance on CNBC served as a public signal of management's growing confidence in the trajectory of AI-driven demand well beyond near-term quarters.