MRVL

Marvell Technology
D

MRVL

Arincen68/100B

If you had invested in Marvell Technology ago, it would be worth $13,568 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

68/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation6.7

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders2

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2026; the price as of today.

Marvell Technology key facts

Style
Growth stock · 10.0/10Growth 10.0 · Value 2.1 · Dividend 1.0
Day range
161.160 – 163.740
52-week range
70.690 – 329.880
Market capitalization
141.40B USD
P/E
52.95
PEG ratio
0.93
EPS
3.05
Div Yield
0.15%
EPS growth forecast (FY2027)
+47.8%
Volume
27,268
Beta
2.32
ESG score
61.6/100Environment 68 · Social 59 · Governance 58
Sector
Technology
Industry
Semiconductors
CEO
Matthew J. Murphy
Employees
7K
IPO date
27 Jun 2000

Marvell Technology earnings

Next earnings · Q3 FY2027
EPS estimate
1.10 USD
Revenue estimate
3.15B USD
Last quarter · Q2 FY2027
EPS0.94Beat +0.6%Revenue2.74BBeat +0.7%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q2 FY20292.97———7.46B———
Q1 FY20292.58———6.59B———
Q4 FY20282.26———5.78B———
Q3 FY20271.10——+44.74%3.15B——+52.04%
Q2 FY20270.930.94+0.64%+40.30%2.72B2.74B+0.66%+36.55%
Q1 FY20270.800.80+0.25%+29.03%2.41B2.42B+0.49%+27.57%
Q4 FY20260.790.80+1.01%+33.33%2.21B2.22B+0.54%+22.08%
Q3 FY20260.740.76+2.29%+76.74%2.07B2.07B+0.27%+36.83%
Q2 FY20260.670.67-0.45%+123.33%2.01B2.01B-0.21%+57.60%
Q1 FY20260.610.62+1.31%+158.33%1.88B1.90B+0.97%+63.26%

Analysts' estimates for FY2027 over the last 7 days:EPS Revenue How the estimates moved

Marvell Technology analyst forecast

12-month price target
327.52 USD
+102.85%

Analysts' 1-year price targets range from 190.00 to 450.00, with an average of 327.52.

Past year
1-year forecast
Strong sellStrong buy
Strong buy
31 ratings
Buy
26
Hold
5
Sell
0

12-month price target

Highest target450.00
Average target327.52
Lowest target190.00
Current price161.46

Marvell Technology valuation

Price to earnings ratio (TTM)
52.95
Forward P/E (FY2027)
38.34
Price to sales (TTM)
14.96
Price to book
7.63
EV / EBITDA (TTM)
30.01

Capital structure

Market capitalization
141.40B USD
+
Total debt
5.29B USD
−
Cash and short-term investments
3.93B USD
=
Enterprise value
142.75B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2029 (est.)12.91————
FY2028 (est.)22.1812.91———
FY2027 (est.)38.3422.18———
Now (TTM)52.9524.4014.967.6330.01
FY202625.4618.768.294.7515.44
FY2025-110.6539.6616.947.27155.12
FY2024-62.6943.4510.593.9372.60
FY2023-227.1128.596.212.3524.61
FY2022-134.7233.6112.753.6267.70

Marvell Technology against its own history

Each figure in the latest fiscal year against the same figure from FY2022 to FY2026: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: QUALCOMM, KLA, Analog Devices, Texas Instruments, Lam Research, and Applied Materials, the US Semiconductors companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • Gross marginHighest in 5 years51.0%
    41.3%51.0%
    Against its peers: 5 of 7Peers' median 56.2%
  • Operating marginHighest in 5 years16.1%
    -12.5%16.1%
    Against its peers: 7 of 7Peers' median 31.6%
  • Net marginHighest in 5 years32.6%
    -16.9%32.6%
    Against its peers: 2 of 7Peers' median 26.5%
  • Return on equityHighest in 5 years18.7%
    -6.6%18.7%
    Against its peers: 6 of 7Peers' median 32.5%
  • Free cash flow marginBelow its median17.0%
    14.2%24.1%
    Against its peers: 6 of 7Peers' median 24.4%
  • Revenue growthAbove its median42.1%
    -7.0%50.3%
    Against its peers: 1 of 7Peers' median 13.4%
  • Debt to EBITDALowest in 5 years1.06×
    1.06×6.67×
    Against its peers: 4 of 7Peers' median 1.06×
  • Current ratioHighest in 5 years2.01
    1.372.01
    Against its peers: 7 of 7Peers' median 2.72

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Marvell Technology growth and profitability

Revenue (TTM)
9.45B USD
Net income (TTM)
2.64B USD
Gross margin
51.42%
Operating margin
16.52%
Net margin
27.93%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20268.19B+42.09%2.67B—51.02%16.14%32.58%4.54B+596.72%
FY20255.77B+4.71%-885.00M—41.31%-12.49%-15.35%651.60M-23.40%
FY20245.51B-6.96%-933.40M—41.64%-10.31%-16.95%850.70M-48.38%
FY20235.92B+32.66%-163.50M—50.47%4.02%-2.76%1.65B+82.89%
FY20224.46B+50.30%-421.00M—46.26%-7.79%-9.43%901.10M+131.88%

Marvell Technology revenue breakdown

By product

FY2026
Data center: 74.4%Communications and other: 25.6%74.4%Data center25.6%Communications and other
SegmentRevenueShare of revenueChange on the year
Data center6.10B74.4%+46.5%
Communications and other2.09B25.6%—

By region

FY2026
China: 36.2%Other Countries: 29.2%Taiwan: 20.2%United States: 14.3%36.2%China29.2%Other Countries20.2%Taiwan14.3%United States
RegionRevenueShare of revenueChange on the year
China2.97B36.2%+18.4%
Other Countries2.39B29.2%+324.9%
Taiwan1.66B20.2%+195.6%
United States1.17B14.3%+22.7%

How Marvell Technology makes its money

Data center6.10B 74.4%
Communications and other2.09B 25.6%
Revenue8.19B 100.0%
Cost of revenue4.01B 49.0%
Gross profit4.18B 51.0%
Research and development2.08B 25.3%
Selling and administration767.10M 9.4%
Other operating expenses31.00M 0.4%
Operating income1.32B 16.1%
Tax376.50M 4.6%
Net income2.67B 32.6%

FY2026, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Marvell Technology dividends

Annual dividend
0.24 USD
Dividend yield (indicated)
0.15%
Payout ratio
7.87%
Frequency
Quarterly
Last payment
0.06 USD
Last ex-dividend date
9 Oct 2026
Last payment date
29 Oct 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share0.240.240.240.240.240.240.240.240.180.24

Marvell Technology financial health

Cash and short-term investments
3.93B USD
Total debt
5.29B USD
Net cash
-1.35B USD
Free cash flow (TTM)
1.73B USD
Current ratio
3.17
Debt to equity
0.29
Piotroski score
6 / 9
Altman Z-score
8.86

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20262.64B4.79B1.40B
FY2025948.30M4.34B1.39B
FY2024950.80M4.40B1.02B
FY2023911.00M4.74B1.07B
FY2022613.50M4.73B632.40M

Marvell Technology ownership

Institutions
79.35%
Institutional holders
2,383 (+737)
Free float
99.78%

Who owns the shares

Institutions 79.3% Others 20.7%
As of 30 Jun 2026

Shares free to trade

Free float 873.84M shares ·99.8% Closely held 1.93M shares ·0.2%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 20260547.57K104.90K
Q3 20260779.71K183.10K
Q2 20260151.93M2.73M
Q1 202603258.70K464.39K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2026861.00M869.70M+0.49%
FY2025865.50M865.50M+0.49%
FY2024861.30M861.30M+1.16%
FY2023851.40M851.40M+6.85%
FY2022796.86M796.86M+19.15%

Source: Financial Modeling PrepVerified against SEC filings

Related Instruments News

Title: Marvell Technology

Sector: Technology
Industry: Semiconductors
Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.

Common questions about Marvell Technology stock