Marvell Technology (NASDAQ:MRVL) Issues Q3 2027 Earnings Guidance

Marvell Technology (NASDAQ:MRVL) updated its third quarter 2027 earnings guidance on Thursday. The company provided earnings per share guidance of 1.050-1.150 for the period, compared to the consensus earnings per share estimate of 1.030. The company issued revenue guidance of $3.0 billion-$3.3 billion, compared to the consensus revenue estimate of $3.0 billion.

Marvell Technology Stock Down 10.3%

Shares of NASDAQ:MRVL opened at $216.62 on Friday. The stock has a market capitalization of $189.50 billion, a price-to-earnings ratio of 71.49, a PEG ratio of 1.51 and a beta of 2.24. The stock has a fifty day simple moving average of $227.22 and a two-hundred day simple moving average of $176.56. Marvell Technology has a 12-month low of $61.44 and a 12-month high of $329.88. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.93 by $0.01. Marvell Technology had a return on equity of 14.22% and a net margin of 27.93%.The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same period last year, the company earned $0.67 EPS. Marvell Technology’s revenue for the quarter was up 36.5% on a year-over-year basis. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, research analysts anticipate that Marvell Technology will post 3.07 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Friday, July 10th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology’s dividend payout ratio is currently 8.22%.

Analysts Set New Price Targets

MRVL has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their price target on Marvell Technology from $321.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. DA Davidson set a $225.00 target price on shares of Marvell Technology in a research note on Tuesday, August 18th. Benchmark reiterated a “buy” rating on shares of Marvell Technology in a report on Monday. UBS Group set a $275.00 price target on shares of Marvell Technology in a research note on Monday. Finally, Wells Fargo & Company increased their price objective on shares of Marvell Technology from $240.00 to $310.00 and gave the company an “overweight” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $265.76.

Insider Activity

In other Marvell Technology news, insider Sandeep Bharathi sold 2,231 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total transaction of $667,359.03. Following the transaction, the insider directly owned 55,530 shares in the company, valued at $16,610,688.90. This trade represents a 3.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $180.50, for a total value of $1,805,000.00. Following the transaction, the chief operating officer owned 227,941 shares in the company, valued at approximately $41,143,350.50. This represents a 4.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 41,981 shares of company stock worth $9,753,132 in the last ninety days. 0.12% of the stock is currently owned by company insiders.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Marvell reported record fiscal Q2 revenue of $2.74 billion, up 36.5% year over year, while adjusted EPS of $0.94 narrowly exceeded the $0.93 consensus estimate. Data-center revenue jumped 46% to $2.17 billion, highlighting strong AI infrastructure demand. MRVL Q2 Earnings Beat on Data Center Strength, Outlook Raised
• Positive Sentiment: Management raised its fiscal 2027 revenue outlook to approximately $12 billion and expects fiscal Q3 EPS of $1.05-$1.15, above the $1.03 analyst estimate. The company also pointed to accelerating custom-chip and networking opportunities across AI data centers. Marvell Q2 Earnings Call Highlights Faster AI Data Center Growth
• Positive Sentiment: Several analysts remained constructive: Needham raised its target to $300, Oppenheimer increased its target to $325 and maintained an outperform rating, while Rosenblatt and Needham cited the long-term potential of Marvell’s Google AI-chip relationship. Marvell’s Google AI Chip Deal Could Drive Long-Term Revenue
• Neutral Sentiment: Analyst opinion is divided on timing and valuation. TD Cowen raised its target to $245 but retained a hold rating, and B. Riley lowered its target to $315 while keeping a buy rating. Options activity and some analysts view the selloff as a potential buying opportunity.
• Negative Sentiment: The immediate catalyst for the decline was disappointment with the longer-term outlook. Investors reportedly learned that meaningful revenue from the Google custom-AI-chip deal may not arrive until fiscal 2029, delaying the payoff from a partnership that had fueled lofty expectations. Marvell Shares Slide Over Timing of Google AI Deal Revenue
• Negative Sentiment: At a valuation near 74 times earnings after a surge of more than 180% this year, investors expected a much larger earnings and guidance beat. The narrow quarterly beat therefore failed to justify the premium multiple for some market participants.
• Negative Sentiment: Concerns about margins, execution and the competitive custom-silicon market also weighed on sentiment, particularly as management’s fiscal 2028 outlook did not provide enough upside relative to expectations. Marvell Shares Tumble as Outlook Underwhelms
• Negative Sentiment: Quiver data showed 22 insider sales and no insider purchases over the past six months, an additional, though not necessarily company-specific, caution signal for investors evaluating the stock’s elevated valuation.

Institutional Investors Weigh In On Marvell Technology

A number of institutional investors have recently added to or reduced their stakes in the stock. Jessup Wealth Management Inc acquired a new stake in shares of Marvell Technology in the 4th quarter worth $25,000. Ankerstar Wealth LLC purchased a new position in shares of Marvell Technology in the fourth quarter worth $34,000. Strive Asset Management LLC acquired a new position in shares of Marvell Technology in the 3rd quarter valued at $42,000. Prosperity Bancshares Inc purchased a new stake in Marvell Technology during the 4th quarter valued at about $42,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Marvell Technology during the fourth quarter worth about $49,000. Institutional investors own 83.51% of the company’s stock.

About Marvell Technology

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.