Matthew Murphy on company growth
From LIVE: Nvidia CEO Jensen Huang, Marvell CEO Matt Murphy delivers a keynote at Taiwan’s Computex · · ThePrint
“So back in 2016 Marll was a $2.3 billion company. As we embarked on the transformation, actually in the first five years, we doubled the company, $4.5 billion in revenue. Over the next five years, our growth accelerated and according to consensus estimates on Wall Street for the current year we're in, we're set to grow about 2 and a half times over the last 5 years to 11.4 billion. But in the recent couple of years, if you actually drill down, Marll has been growing like 40% a year. So the growth rate is actually accelerating in the last few years.”
On , Matthew Murphy, Chief Executive Officer & Chairman at Marvell Technology, spoke about company growth during LIVE: Nvidia CEO Jensen Huang, Marvell CEO Matt Murphy delivers a keynote at Taiwan’s Computex on ThePrint.
About Matthew Murphy
Matt Murphy, chairman and CEO of Marvell Technology, appeared at Computex 2026 alongside Nvidia CEO Jensen Huang, where he discussed the company's focus on connectivity as a defining factor for AI infrastructure performance. Murphy stated that the industry's bottleneck is shifting from compute and memory to connectivity, and he described Marvell's portfolio as covering "every distance" from millimeters to kilometers. He noted that Nvidia had invested $2 billion in Marvell and that the two companies are expanding their partnership across optics, photonics, and NVLink Fusion. Murphy also highlighted that Marvell's data center business had grown from less than 10% of revenue to over 75% in the most recent quarter. On Marvell's Q1 fiscal 2027 earnings call, Murphy reported record revenue of $2.418 billion, exceeding guidance, and said the company expects fiscal 2027 revenue to grow approximately 40% year-over-year to nearly $11.5 billion. He stated that Marvell now expects fiscal 2028 revenue to reach approximately $16.5 billion, and that the company remains confident in its custom silicon business delivering over $10 billion in revenue in fiscal 2029. Murphy attributed the growth to existing custom programs, including a flagship XPU and a new tier-1 XPU program, and said the company expects its custom business to more than double year-over-year in fiscal 2028.