Research Analysts Offer Predictions for MRVL Q2 Earnings

Key Points

• Zacks Research raised Marvell’s Q2 2028 EPS estimate to $1.17, up from $1.07, and projected $1.44 EPS for Q3 2028 and $1.66 for Q1 2029.
• Marvell recently exceeded quarterly expectations with $0.94 EPS versus the $0.93 consensus and $2.74 billion in revenue, up 36.5% year over year. Analysts maintain a broadly bullish view, with a consensus “Moderate Buy” rating and a $270.47 price target.
• The company is benefiting from strong AI infrastructure demand, including custom AI chips and data-center connectivity, but its high valuation, competition, trade restrictions and reliance on continued AI spending remain key risks.

Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) - Research analysts at Zacks Research boosted their Q2 2028 earnings per share (EPS) estimates for Marvell Technology in a report issued on Thursday, September 10th. Zacks Research analyst Team now anticipates that the semiconductor company will post earnings per share of $1.17 for the quarter, up from their previous estimate of $1.07. The consensus estimate for Marvell Technology's current full-year earnings is $3.03 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 - Get Free Report) last released its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.01. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.72 billion. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The company's revenue was up 36.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS.

Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $240.00 price objective on shares of Marvell Technology in a report on Thursday, May 28th. Needham & Company LLC boosted their price target on Marvell Technology from $270.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, August 28th. UBS Group set a $275.00 price target on Marvell Technology in a research note on Monday, August 24th. KeyCorp reaffirmed an "overweight" rating on shares of Marvell Technology in a research report on Friday, August 28th. Finally, HSBC set a $300.00 price objective on Marvell Technology and gave the company a "buy" rating in a research note on Tuesday, May 26th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Marvell Technology currently has a consensus rating of "Moderate Buy" and a consensus price target of $270.47.

Marvell Technology Stock Performance

Shares of NASDAQ MRVL opened at $236.10 on Monday. Marvell Technology has a 1 year low of $66.14 and a 1 year high of $329.88. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62. The firm has a 50-day moving average of $216.41 and a 200 day moving average of $187.19. The stock has a market cap of $207.04 billion, a P/E ratio of 77.92, a price-to-earnings-growth ratio of 2.29 and a beta of 2.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. C M Bidwell & Associates Ltd. purchased a new position in Marvell Technology in the 2nd quarter worth about $27,000. Aberdeen Wealth Management LLC purchased a new stake in shares of Marvell Technology during the 2nd quarter valued at about $30,000. Tompkins Financial Corp bought a new stake in shares of Marvell Technology in the second quarter worth approximately $31,000. LifeSteps Financial Inc. bought a new stake in shares of Marvell Technology in the second quarter worth approximately $32,000. Finally, Cetera Trust Company N.A purchased a new position in shares of Marvell Technology during the second quarter valued at approximately $37,000. 83.51% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Sandeep Bharathi sold 2,231 shares of the firm's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $299.13, for a total transaction of $667,359.03. Following the completion of the sale, the insider owned 55,530 shares of the company's stock, valued at $16,610,688.90. This trade represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, CEO Matthew Murphy sold 7,500 shares of the business's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $236.08, for a total transaction of $1,770,600.00. Following the completion of the transaction, the chief executive officer owned 783,186 shares of the company's stock, valued at approximately $184,894,550.88. The trade was a 0.95% decrease in their ownership of the stock. 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 $9,727,132 over the last three months. 0.12% of the stock is currently owned by insiders.

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Friday, July 10th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, July 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology's dividend payout ratio is presently 7.92%.

Marvell Technology News Summary

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

• Positive Sentiment: Piper Sandler initiated coverage with a “strong-buy”/Buy rating and a $270 price target, saying Marvell could become a major AI-chip winner. The firm cited accelerating demand for custom AI processors, connectivity and a potentially transformative Google partnership. Piper Sandler coverage and price target
• Positive Sentiment: Bank of America maintained a Buy view and set a $365 target, arguing Marvell’s custom AI market could reach approximately $300 billion by 2030—far larger than investors currently assume. Bank of America AI market forecast
• Positive Sentiment: Analysts also pointed to Marvell’s “sticky” supporting businesses—including optical networking and other data-center components—as a potential $30 billion opportunity beyond its core custom-chip franchise. Marvell supporting-components opportunity
• Positive Sentiment: The company’s planned showcase of end-to-end AI data-center connectivity, optical switches, memory expansion and PCIe 6.0 technology reinforced expectations that it can benefit from rising AI infrastructure spending. Marvell data-center technology
• Neutral Sentiment: Marvell’s latest results showed revenue growth of 36.5% year over year and a modest EPS beat, while management raised its growth outlook. However, the stock’s elevated valuation means continued execution and AI-capital-spending growth are important.
• Negative Sentiment: Commentary remains cautious about intense competition, trade restrictions and Marvell’s increasing dependence on a narrower AI-related growth thesis. Some analysts view the current valuation as leaving limited room for disappointment. Marvell AI risks

Marvell Technology Company Profile

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.

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