Marvell Technology Group Ltd (MRVL.O): Investor day calls for $30 EPS in CY30

Marvell's Investor Day was positive as expected, with connectivity emerging as the central theme and the longer term revenue opportunity moving meaningfully higher. Management laid out a path to $70 to $90bn of revenue in FY31, including $77.5bn of Data Center revenue at the midpoint across interconnect, custom, switching and storage. Near term, Marvell also raised FY28 revenue guidance from $18bn to $20bn, while leaving FY27 unchanged at roughly $12bn. Connectivity was the clearest message from the day and drove the FY28 raise, with scale up optics, a larger scale up opportunity and switching as the key drivers;