Takeaways From Marvel Investor Day
<p>Marvell Technology, Inc. <a href='https://financialmodelingprep.com/financial-summary/MRVL'> (NASDAQ:MRVL) </a>hosted an impressive deep dive analyst day on Wednesday, marked by an overall bullish tone as management raised its long-term annual revenue growth outlook to 15-20% from 12-16% post-IPHI. This outsized growth is led by the cloud as the company executes its cloud-optimized silicon strategy. </p>

<p>Management is expecting overall SAM to increase at 13% CAGR, from $20 billion in 2021 to $30 billion in 2024, with Cloud/5G/Auto SAM expected to grow above 20% CAGR to $19 billion in 2024. Enterprise and Consumer CAGR 4%/6% to $9 billion/$2 billion respectively by 2024. The  Gross Margin target was slightly raised to 65%. There is a mix improving as cloud/5G/auto revenues accelerate.</p>
NASDAQ:MRVL