Marvell Technology
Designs custom compute, networking, connectivity, and storage silicon for cloud and AI infrastructure.
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Profile
Designs data-infrastructure chips spanning custom compute, Ethernet switching, optical and electrical connectivity, and storage. Operates as a fabless supplier serving data centers and communications markets, with manufacturing outsourced and the portfolio shaped through acquisitions and divestitures.
Designs custom compute, Ethernet switching, optical and electrical connectivity, storage controllers and accelerators, and security silicon for AI, cloud, carrier, and enterprise systems. A single reportable segment covers integrated-circuit design, development, and sales, while revenue is presented across data center and communications and other end markets.
Operates a fabless model with engineering strengths in complex system-on-chip architecture, analog and mixed-signal design, digital signal processing, and security firmware. The workforce is concentrated in the Americas and APAC, with a smaller EMEA presence. Acquisitions have added infrastructure compute, custom ASICs, electro-optics, cloud switching, photonic interconnect, and PCIe/CXL switching.
Depends on third-party wafer fabrication, assembly, and testing. Customer concentration, export controls, tariffs, rapid technology change, acquisition integration, and competition also shape operations.
Company facts
Key statistics
Year to date +142% · Average volume (30d) 23.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 28, 2026 | Craig-Hallum | Reiterate | Buy | $164 | $300 | |
| Aug 28, 2026 | Oppenheimer | Target | $300 | $325 | ||
| Aug 28, 2026 | Needham | Reiterate | Buy | $270 | $300 | |
| Aug 28, 2026 | Goldman Sachs | Target | $195 | $220 | ||
| Aug 28, 2026 | Raymond James | Upgrade | Strong Buy | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 27, 2026Q2 FY27 | $0.93 | $0.94 | +0.6% | $2.72B | $2.74B | +0.7% | −10.28% |
| May 27, 2026Q1 FY27 | $0.80 | $0.80 | +0.3% | $2.41B | $2.42B | +0.5% | +3.09% |
| Mar 5, 2026Q4 FY26 | $0.79 | $0.80 | +1.0% | $2.21B | $2.22B | +0.5% | +18.35% |
| Dec 2, 2025Q3 FY26 | $0.74 | $0.76 | +2.3% | $2.07B | $2.07B | +0.3% | +7.87% |
Financial highlights
| 12 quarters | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.90B | $2.01B | $2.07B | $2.22B | $2.42B | $2.74B | |
| Gross profit | $952.4M | $1.01B | $1.07B | $1.07B | $1.26B | $1.46B | |
| Operating income | $270.6M | $290.1M | $357.8M | $413.9M | $350.1M | $459.7M | |
| Net income | $177.9M | $194.8M | $1.90B | $396.1M | $34.5M | $308.0M | |
| Diluted EPS | $0.20 | $0.22 | $2.19 | $0.46 | $0.04 | $0.33 | |
| Gross margin | 50.3% | 50.4% | 51.6% | 48.4% | 52.1% | 53.1% | |
| Operating margin | 14.3% | 14.5% | 17.2% | 18.7% | 14.5% | 16.8% |
Fiscal years (4-quarter sums)FY22 $4.46B · FY23 $5.92B · FY24 $5.51B · FY25 $5.77B · FY26 $8.19B
Revenue by product · Q2 FY27
Revenue by geography · Q2 FY27
Balance sheet, Aug 1, 2026Cash & short-term investments $3.93B · Total debt $4.96B · Total assets $27.55B · Shareholders' equity $18.53B
Dividends
Raised for 12 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 10, 2026 | Jul 10 | Jul 30 | $0.06 | |
| Apr 10, 2026 | Apr 10 | Apr 30 | $0.06 | |
| Jan 9, 2026 | Jan 9 | Jan 29 | $0.06 | |
| Oct 10, 2025 | Oct 10 | Oct 30 | $0.06 | |
| Jul 11, 2025 | Jul 11 | Jul 31 | $0.06 | |
| Apr 11, 2025 | Apr 11 | May 1 | $0.06 | |
| Jan 10, 2025 | Jan 10 | Jan 30 | $0.06 | |
| Oct 11, 2024 | Oct 11 | Oct 31 | $0.06 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 875.77M · Float 869.02M · 99.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 85.64M | 9.78% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 57.90M | 6.61% | 13F | Aug 13, 2026 |
| FMR LLC | 56.93M | 6.50% | 13F | Aug 13, 2026 |
| State Street Corp | 41.83M | 4.78% | 13F | Aug 7, 2026 |
| Invesco Ltd. | 30.29M | 3.46% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Matthew J. Murphy | director, officer: Chairman of the Board and CEO | −7,500 | $236.08 |
| Aug 3, 2026 | Chris Koopmans | officer: President and COO | −10,000 | $180.50 |
| Jul 15, 2026 | Matthew J. Murphy | director, officer: Chairman of the Board and CEO | −7,500 | $209.52 |
| Jul 16, 2026 | Sandeep Bharathi | officer: President, Data Center Group | −9,013 | $199.24 |
| Jul 1, 2026 | Chris Koopmans | officer: President and COO | −10,000 | $281.92 |
Peers
- Broadcom
Broadest rival across custom silicon, switching, interconnect, and storage
- Nvidia
AI compute and networking platform spanning switches, DPUs, and scale-up links
- Credo Technology Group
Focused rival in active cables, optical DSPs, and high-speed retimers
- Astera Labs
Rack-scale AI connectivity rival in PCIe, CXL, cables, and fabric switches
- Microchip Technology
Storage and PCIe / CXL connectivity rival for data-center infrastructure
- Cisco Systems
Switching-silicon and optics rival from hyperscale AI to carrier networks
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Marvell Technology | $216.40 | −0.10% | $189.71B | 71.8 | 42.3 | 20.1 | +36.6% |
| Broadcom | $369.12 | +0.12% | $1.75T | 61.5 | 23.5 | 23.2 | +47.9% |
| Nvidia | $217.88 | +0.15% | $5.27T | 27.5 | 19.6 | 17.4 | +105.9% |
| Credo Technology Group | $233.00 | +0.07% | $43.40B | 93.9 | 37.6 | 32.5 | +157.0% |
| Astera Labs | $290.30 | +0.15% | $49.62B | 142.6 | 51.2 | 41.3 | +104.5% |
| Microchip Technology | $73.03 | +0.14% | $39.60B | 101.2 | 18.7 | 7.7 | +38.1% |
| Cisco Systems | $109.95 | +0.01% | $433.28B | 33.0 | 21.4 | 6.8 | +17.6% |
| Median | 77.7 | 22.5 | 20.3 | +76.2% |