Marvell is experiencing a powerful growth inflection, with Q2 FY27 revenue accelerating 36.5% year-over-year to $2.7B, driven by the ramp of custom AI silicon and 800G optical connectivity for hyperscale data centers.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has accelerated to 36.5% year-over-year in Q2 FY27, yet gross margins of 53.1% remain structurally below peers, suggesting the custom silicon model may permanently cap profitability.
Marvell Technology's growth is heavily driven by its data center solutions, which are a key focus of bullish investment theses.
The company's expansion in custom ASICs is highlighted as a significant driver for future growth and competitive advantage.
Marvell's strong electro-optics solutions are noted as a bullish factor, contributing to its technological leadership and market position.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 27, 2026 | $0.94+0.6% vs $0.93 | $2.7B+0.7% vs $2.7B |
Q2 2026 May 27, 2026 | $0.80+0.3% vs $0.80 | $2.4B+0.5% vs $2.4B |
Q2 2026 Mar 5, 2026 | $0.80+1.0% vs $0.79 | $2.2B+0.5% vs $2.2B |
Q4 2025 Dec 2, 2025 | $0.76+2.3% vs $0.74 | $2.1B+0.3% vs $2.1B |
Both chipmakers raised guidance, yet investors dumped them like a crisis was underway. One election, one record-setting selloff, and one looming merger now separate a sturdier bet from a riskier one.
Marvell Technology is upgraded to Buy, with a new fair value of $187.35 standalone and $199.48 including the Lumentum acquisition. MRVL's fair value rose due to upgraded fiscal 2028/2031 guidance and a significant Google custom silicon win, offsetting prior market share concerns. The Lumentum deal is value-accretive if LITE exceeds 4.5x MRVL shares; DSP displacement risk is partially mitigated by Lumentum's laser business.
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Investors looking for stocks in the Electronics - Semiconductors sector might want to consider either GlobalFoundries Inc. (GFS) or Marvell Technology (MRVL). But which of these two companies is the best option for those looking for undervalued stocks?
Benchmark MRVL against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Marvell Technology, Inc. (MRVL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $141.20 | $123.52B | 45.99 | 42.09% | 32.58% | 19.25% | 0.17% | |
| $293.69 | $1.4T | 61.57 | 23.87% | 41.87% | 44.01% | 0.78% | |
| $165.41 | $173.68B | 33.02 | 13.66% | 21.01% | 37.33% | 2.08% | |
| $58.35 | $31.68B | 224.42 | 7.08% | 8.8% | 6.9% | 3.08% | |
| $82.19 | $12.37B | 26.69 | -2.18% | 7.23% | 5.04% | 3.39% | |
| $1190.44 | $58.49B | 93.37 | 26.43% | 23.85% | 24.04% | 0.5% |
Marvell Technology, Inc. (MRVL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Marvell Technology, Inc. (MRVL) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 27, 2026·SEC
Aug 19, 2026·SEC
May 27, 2026·SEC
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Marvell Technology, Inc. (MRVL) stock FAQ — growth, dividends, profitability & financials explained
Marvell Technology, Inc. (MRVL) reported $9.45B in revenue over the trailing twelve months. Revenue was $8.19B in fiscal year 2026. That is 9970% more than the $81.4M of fiscal year 2000.
Marvell Technology, Inc. (MRVL) grew revenue by 42.1% in fiscal year 2026, compared with the prior fiscal year.
Yes. Marvell Technology, Inc. (MRVL) earned $2.64B in net income over the trailing twelve months (a 27.9% net margin).
Yes. Marvell Technology, Inc. (MRVL) pays a dividend that yields 0.17% at the current price, a small yield.
Marvell Technology, Inc. (MRVL) had a return on equity (ROE) of 19.3% in fiscal year 2026. That is above the market's typical 10-15%.
Marvell Technology, Inc. (MRVL) generated $1.73B in free cash flow over the trailing twelve months.
