Marvell targets $30 billion in custom silicon revenue by FY2031

At its 2026 Investor Day, Marvell laid out a plan to grow custom AI chip sales from about $1.5 billion to roughly $30 billion in five fiscal years Marvell Technology wants to turn a side business into a juggernaut. At its October 6, 2026, Investor Day, the chipmaker said it is targeting approximately $30 billion in annual custom silicon revenue by fiscal year 2031. For reference, that business brought in about $1.5 billion in FY2026. The goal implies roughly 20 times growth in five fiscal years. The custom silicon target sits inside a larger company-wide forecast.

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