Broadcom, Micron, and Marvell report strong earnings and raised guidance, reinforcing the bull case for AI infrastructure as hyperscaler demand continues to accelerate through 2028.
Broadcom raised Q4 AI revenue guidance to $21.7B and outlined a multi-year trajectory to $230B by fiscal 2028, with strong hyperscaler demand.
Micron beat Q3 estimates, guided Q4 revenue to $50B, and highlighted persistent memory tightness with HBM4 ramping twice as fast as HBM3E.
Marvell raised its fiscal 2027 data-center growth outlook to ~60% and expects fiscal 2028 growth above 60%, driven by broad-based AI networking demand.
Semiconductor leaders Broadcom, Micron, and Marvell have raised forward guidance, signaling that hyperscaler demand for AI infrastructure remains robust. Despite recent market volatility, these firms report accelerating revenue trajectories and long-term supply agreements that suggest the AI capital expenditure cycle is far from peaking.
Despite some market concerns regarding a potential slowdown, recent earnings reports from major semiconductor firms indicate that hyperscaler demand for custom accelerators, memory, and networking silicon remains exceptionally strong.