Marvell's Google Deal Sets Stage for Triple-Digit Rally

Marvell Technology, which has already tripled in value this year, is flying under the radar despite its impressive growth. The company's recent deal with Google could reshape its revenue mix, but its high multiple raises questions about whether it leaves room for further upside.

Marvell trades at $261.94 and has a market value of around $235.4 billion. Its fiscal 2027 revenue outlook is projected to reach $12 billion, with 50% growth expected in fiscal 2028. The company's Investor Day on October 6, 2026, will provide more clarity on its path forward.

Data Center sales have accelerated, rising 46% and now accounting for 79% of revenue. Marvell also expanded its custom silicon deal with Google, which includes a warrant that lets the tech giant acquire up to 7% of Marvell's shares as revenue milestones are met.