Marvell's revenue will grow from $8B in CY25 to $12B in CY26, $20B in CY27 and $80B by CY30 ($70-$90B mid point). For comparison, Qualcomm's semiconductor business is 3x bigger than Marvell in CY26 but will be $60B by FY29 and unless huge growth happens they will be smaller company than Marvell in CY30.
On the COGS side Marvell's COGS will grow from $4B in CY25 to $34B by CY30. Marvell says foundry partners now ask for 5 yr forecasts and it's comfortable with $80B revenue forecast. Huge jump in COGS means good for foundry and advanced packaging companies.Source: Sravan Kundojjala
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