Marvell Lifts 2027 Outlook, Sandisk Targets Up to $8.25 Billion in Q4 AI Revenue
Updated
Updated · Zacks Investment Research · Jun 12
Marvell Lifts 2027 Outlook, Sandisk Targets Up to $8.25 Billion in Q4 AI Revenue
3 articles · Updated · Zacks Investment Research · Jun 12
Summary
$2.7 billion in projected fiscal Q2 2027 sales would mark 35% year-over-year growth for Marvell, which also raised its 2027 and 2028 revenue outlook on stronger AI infrastructure demand.
$2.418 billion in Marvell's fiscal Q1 2027 revenue beat expectations, while record operating cash flow of $638.8 million underscored momentum in its AI networking and connectivity chips for data centers.
$7.75 billion to $8.25 billion is Sandisk's fiscal Q4 2026 revenue target after fiscal Q3 sales jumped 97% sequentially to $5.95 billion, helped by data-center demand and tight memory supply.
$30 to $33 in Sandisk fiscal Q4 non-GAAP EPS guidance, up from $23.41 in Q3, points to continued pricing power and customer retention gains from its New Business Model agreements.
AI-driven optimism has already fueled sharp stock gains—Marvell up 256.7% and Sandisk up 3849.2% over the past year—as investors look beyond Micron for semiconductor exposure.