Marvell Technology (NASDAQ:MRVL) Issues Quarterly Earnings Results, Meets Expectations

Posted by Brian Himes on May 29th, 2026

Marvell Technology (NASDAQ:MRVL – Get Free Report) issued its quarterly earnings results on Wednesday. The semiconductor company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80, FiscalAI reports. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.41 billion. Marvell Technology had a return on equity of 14.89% and a net margin of 28.99%.The company’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 EPS. Marvell Technology updated its Q2 2027 guidance to 0.880-0.980 EPS.

Here are the key takeaways from Marvell Technology’s conference call:

Marvell reported a record fiscal Q1 2027 with revenue of $2.418 billion, up 28% year over year, and non-GAAP EPS of $0.80, topping the midpoint of guidance.
Management raised the outlook materially, now expecting fiscal 2027 revenue to grow about 40% to nearly $11.5 billion and fiscal 2028 revenue to reach about $16.5 billion.
The data center business remains the main growth engine, with Q1 revenue of $1.83 billion and expectations for the segment to grow about 50% in fiscal 2027 and 55% in fiscal 2028.
Marvell highlighted accelerating demand in interconnect and custom silicon, including stronger 1.6T optics, scale-up networking, and XPU attach programs, plus a new partnership with NVIDIA that expands opportunities in optics, NVLink Fusion, and AI RAN.
The company said it is securing supply with about $1 billion in prepayments this fiscal year to support capacity, while continuing stock repurchases and aiming to keep operating leverage strong as investments rise.

Marvell Technology Stock Up 3.1%

Shares of MRVL opened at $204.83 on Friday. The company has a market capitalization of $183.80 billion, a P/E ratio of 70.15, a PEG ratio of 1.66 and a beta of 2.25. Marvell Technology has a one year low of $58.61 and a one year high of $218.26. The business’s 50 day simple moving average is $143.83 and its 200-day simple moving average is $105.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.58.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were paid a $0.06 dividend. The ex-dividend date was Friday, April 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology’s payout ratio is 7.79%.

Insider Buying and Selling

In other news, CFO Willem A. Meintjes sold 30,000 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $134.01, for a total transaction of $4,020,300.00. Following the sale, the chief financial officer owned 154,111 shares in the company, valued at approximately $20,652,415.11. This represents a 16.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the transaction, the chief operating officer owned 133,870 shares in the company, valued at approximately $14,757,828.80. This trade represents a 6.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 245,060 shares of company stock valued at $29,901,072. Insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Marvell Technology

Several large investors have recently made changes to their positions in MRVL. Intech Investment Management LLC raised its holdings in Marvell Technology by 3.9% during the 1st quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock worth $1,772,000 after purchasing an additional 1,085 shares during the last quarter. Baird Financial Group Inc. raised its stake in shares of Marvell Technology by 22.7% during the second quarter. Baird Financial Group Inc. now owns 17,417 shares of the semiconductor company’s stock worth $1,348,000 after buying an additional 3,221 shares during the last quarter. Flow Traders U.S. LLC bought a new position in Marvell Technology in the second quarter valued at approximately $354,000. Treasurer of the State of North Carolina raised its position in shares of Marvell Technology by 3.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 403,818 shares of the semiconductor company’s stock valued at $31,256,000 after acquiring an additional 11,572 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Marvell Technology by 1.0% in the 2nd quarter. Alliancebernstein L.P. now owns 411,569 shares of the semiconductor company’s stock worth $31,855,000 after purchasing an additional 4,060 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on MRVL shares. Roth Mkm raised their price target on shares of Marvell Technology from $135.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday. KeyCorp upped their price target on Marvell Technology from $130.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday. Wall Street Zen cut Marvell Technology from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Zacks Research upgraded shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, Morgan Stanley increased their price objective on shares of Marvell Technology from $172.00 to $195.00 and gave the company an “equal weight” rating in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and an average price target of $208.64.

Check Out Our Latest Stock Report on Marvell Technology

Key Headlines Impacting Marvell Technology

Here are the key news stories impacting Marvell Technology this week:

Positive Sentiment: Marvell reported Q1 revenue of $2.42 billion, slightly ahead of expectations, with EPS in line at $0.80, and said AI-related bookings are driving record demand. Marvell Technology, Inc. Reports First Quarter of Fiscal Year 2027 Financial Results
Positive Sentiment: The company raised its fiscal 2027 and 2028 outlooks and guided next-quarter revenue above Wall Street estimates, reinforcing the view that AI infrastructure demand is still accelerating. Marvell forecasts quarterly revenue above estimates on AI chip demand
Positive Sentiment: Several major firms lifted price targets after the print, including JPMorgan, Bank of America, Benchmark, Stifel, RBC, UBS, Citi, Barclays, and HSBC, signaling rising confidence in Marvell’s AI growth story. These Analysts Boost Their Forecasts On Marvell Technology Following Strong Q1 Results
Neutral Sentiment: Despite the strong results and guidance, some coverage noted that the stock pulled back at times as investors weighed lofty expectations after a big run-up in the shares. Marvell Wobbles As AI Optimism Meets With Lofty Expectations
Neutral Sentiment: Analysts and commentators also highlighted Marvell’s leadership in optical connectivity and networking chips as a long-term AI infrastructure beneficiary, which supports the bullish case but adds little new near-term catalyst. Marvell’s stock has soared ahead of earnings. Why analysts say it’s still ‘underestimated.’

Marvell Technology Company Profile

(Get Free Report)

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.