Zacks Research Has Optimistic Outlook of MRVL Q2 Earnings

Marvell Technology, Inc. (NASDAQ:MRVL) – Investment analysts at Zacks Research raised their Q2 2028 earnings per share (EPS) estimates for shares of Marvell Technology in a report issued on Thursday, September 10th. Zacks Research analyst Team now expects that the semiconductor company will post earnings of $1.17 per share for the quarter, up from their prior forecast of $1.07. The consensus estimate for Marvell Technology’s current full-year earnings is $3.05 per share. Zacks Research also issued estimates for Marvell Technology’s Q3 2028 earnings at $1.44 EPS and Q1 2029 earnings at $1.66 EPS.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.93 by $0.01. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%.The firm’s revenue for the quarter was up 36.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS.

Several other analysts have also weighed in on MRVL. HC Wainwright reiterated a “buy” rating on shares of Marvell Technology in a research note on Tuesday, August 25th. Roth Capital reaffirmed a “buy” rating and issued a $350.00 price target on shares of Marvell Technology in a research note on Thursday, August 20th. Susquehanna upped their price objective on shares of Marvell Technology from $230.00 to $265.00 and gave the company a “positive” rating in a report on Tuesday, August 25th. TD Cowen increased their price objective on shares of Marvell Technology from $225.00 to $245.00 and gave the stock a “hold” rating in a research report on Friday, August 28th. Finally, DA Davidson set a $225.00 target price on Marvell Technology in a research note on Tuesday, August 18th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $270.47.

Marvell Technology Price Performance

Marvell Technology stock opened at $221.70 on Monday. The stock has a market capitalization of $194.41 billion, a price-to-earnings ratio of 73.17, a PEG ratio of 2.11 and a beta of 2.25. Marvell Technology has a 52-week low of $67.36 and a 52-week high of $329.88. The stock’s 50 day moving average price is $215.62 and its two-hundred day moving average price is $189.17. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17.

Institutional Trading of Marvell Technology

Several institutional investors and hedge funds have recently made changes to their positions in MRVL. BlackRock Inc. lifted its position in shares of Marvell Technology by 34.1% during the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock worth $25,511,649,000 after buying an additional 21,798,190 shares in the last quarter. Norges Bank bought a new position in shares of Marvell Technology in the fourth quarter valued at approximately $895,455,000. Bank of America Corp DE purchased a new stake in shares of Marvell Technology during the second quarter valued at approximately $2,607,795,000. Legal & General Group Plc purchased a new stake in shares of Marvell Technology during the second quarter valued at approximately $1,742,526,000. Finally, Bank of New York Mellon Corp lifted its holdings in Marvell Technology by 153.3% during the second quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock worth $2,370,604,000 after acquiring an additional 4,815,725 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Insider Activity at Marvell Technology

In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the transaction, the chief operating officer directly owned 227,941 shares in the company, valued at approximately $41,143,350.50. This trade represents a 4.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew J. Murphy sold 7,500 shares of Marvell Technology stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the transaction, the chief executive officer directly owned 775,686 shares in the company, valued at $173,280,495.54. This represents a 0.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 47,250 shares of company stock valued at $10,735,198 over the last 90 days. Insiders own 0.12% of the company’s stock.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Friday, July 10th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology’s payout ratio is presently 7.92%.

Marvell Technology News Summary

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

• Positive Sentiment: Analysts raised long-term earnings expectations. Zacks Research increased its forecasts across several periods, including FY2027 EPS to $3.09 from $2.82, FY2028 EPS to $5.45 from $4.85, and FY2029 EPS to $8.18 from $7.01. The revisions reinforce the view that Marvell’s custom silicon and data-center businesses can deliver substantial earnings growth. Marvell Technology analyst estimate report
• Positive Sentiment: AI infrastructure demand remains the core bullish thesis. Recent commentary highlights Marvell’s exposure to rapidly expanding data-center and custom-chip spending, with some analysts arguing that Wall Street’s price targets remain too conservative after the stock’s strong year-to-date performance. The AI Boom Has a Secret Weapon, and It’s Marvell
• Positive Sentiment: Some analysts continue to support the buy case despite competition. A Seeking Alpha analysis said Qualcomm’s entry into territory associated with Marvell and AWS increases competitive pressure but does not invalidate Marvell’s custom-silicon opportunity. Marvell Technology and Qualcomm analysis
• Neutral Sentiment: Investors are comparing Marvell with other AI-chip stocks. Zacks commentary is weighing Marvell against Credo and Nvidia, highlighting the sector’s strong investor interest but also emphasizing differences in growth, profitability and valuation. Credo versus Marvell analysis
• Negative Sentiment: AI-spending concerns remain the principal risk. Marvell and other semiconductor stocks sold off after warnings about slowing AI-model development raised doubts about the pace and durability of infrastructure spending. The shares remain highly valued, making them sensitive to any reduction in growth expectations. Marvell stock and AI spending concerns

About Marvell Technology

Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, cloud computing, communications networks, automotive applications and enterprise environments. Its products are designed to move, process, secure and store data across increasingly complex computing and networking systems.

The company’s portfolio includes networking and switching products, optical and electrical interconnect solutions, custom application-specific integrated circuits, storage controllers and processors.