$Lumentum(LITE)$ Marvell now sees $70–$90 billion of revenue in fiscal 2031, up from $8.2 billion last year. MRVL also raised its fiscal 2028 outlook to roughly $20 billion from roughly $18 billion, and sees custom-chip revenue above $12 billion in fiscal 2029, up from a prior $10 billion.
That works out to roughly 10x in five years, matching Marvell's own 55–60% annual growth target. Nearly all of it is data center.
Names that move data within and between data centers: CIEN, COHR, LITE, CRDO. Those are Marvell's targets, not mine.
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