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

Key Points

• Marvell raised or provided Q3 fiscal 2027 guidance of $1.05–$1.15 in EPS and $3.0–$3.3 billion in revenue, both above or in line with analyst expectations of $1.03 EPS and $3.0 billion in revenue.
• The company’s latest quarter delivered $0.80 EPS and $2.42 billion in revenue, while revenue increased 27.6% year over year, reflecting continued momentum in its semiconductor and data-infrastructure businesses.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $258.42, but the stock’s high valuation and recent insider sales increase downside risk if future results or guidance disappoint.

Marvell Technology (NASDAQ:MRVL - Get Free Report) issued an update on its third quarter 2027 earnings guidance on Thursday. The company provided EPS 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 Price Performance

Shares of MRVL stock traded down $3.66 on Thursday, reaching $241.45. The company's stock had a trading volume of 32,701,479 shares, compared to its average volume of 28,897,510. The stock's fifty day simple moving average is $230.49 and its 200-day simple moving average is $175.15. Marvell Technology has a 1 year low of $61.44 and a 1 year 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. The company has a market capitalization of $211.22 billion, a price-to-earnings ratio of 82.69, a price-to-earnings-growth ratio of 1.50 and a beta of 2.24.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.80. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the firm earned $0.62 earnings per share. Marvell Technology's revenue was up 27.6% on a year-over-year basis. Analysts forecast that Marvell Technology will post 3.07 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Friday, July 10th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, July 10th. Marvell Technology's dividend payout ratio is currently 8.22%.

Analyst Ratings Changes

MRVL has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their target price on Marvell Technology from $135.00 to $240.00 and gave the company an "overweight" rating in a research report on Thursday, May 28th. Barclays reissued an "overweight" rating on shares of Marvell Technology in a research note on Thursday, August 20th. Erste Group Bank cut shares of Marvell Technology from a "buy" rating to a "hold" rating in a report on Wednesday, July 15th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $325.00 price target on shares of Marvell Technology in a research note on Thursday, August 20th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $195.00 price objective on shares of Marvell Technology in a research report on Wednesday, August 12th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Marvell Technology has a consensus rating of "Moderate Buy" and an average target price of $258.42.

Insider Transactions at Marvell Technology

In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were 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 $41,143,350.50. This represents a 4.20% decrease in their position. 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. Also, CEO Matthew J. Murphy sold 7,500 shares of the firm's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $236.08, for a total transaction of $1,770,600.00. Following the transaction, the chief executive officer directly owned 783,186 shares in the company, valued at $184,894,550.88. This trade represents a 0.95% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 41,981 shares of company stock worth $9,753,132. Corporate insiders own 0.12% of the company's stock.

Key Headlines Impacting Marvell Technology

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

• Positive Sentiment: NVIDIA’s strong quarter and upbeat AI-demand outlook have lifted semiconductor and networking stocks, supporting optimism that Marvell’s data-center connectivity and custom-silicon businesses are benefiting from continued AI infrastructure spending. Marvell’s Big AI Test Comes One Day After NVIDIA’s Blowout Quarter
• Positive Sentiment: Analysts are focused on Marvell’s recently announced approximately $12.2 billion custom-chip opportunity with Google, as well as a broader $75 billion pipeline. Evidence of stronger custom-silicon demand or improved guidance could provide a further catalyst. Marvell Technology’s Next Earnings Report Could Send the Stock Soaring
• Positive Sentiment: Rosenblatt raised its price target from $240 to $300 and expects another “beat-and-raise” quarter, while Susquehanna also sees additional upside. These revisions indicate that some analysts believe AI networking momentum remains underappreciated. Rosenblatt Raises Marvell Price Target to $300
• Neutral Sentiment: Consensus expectations call for roughly $0.93 in adjusted EPS and $2.72 billion in revenue. Investors will likely prioritize forward guidance, data-center growth, custom-chip timing and commentary on the Google relationship rather than the quarter’s headline results alone. Marvell Technology Q2 Earnings Preview
• Negative Sentiment: MRVL has already gained about 188% year to date and trades at a high valuation, leaving little room for an earnings or outlook disappointment. Options markets imply an approximately 10% move after the report, highlighting unusually high event risk. Marvell Stock Could Swing 10% After Earnings
• Negative Sentiment: Investors are also monitoring potential dilution from the Google warrant arrangement and competition from Broadcom in custom AI chips. These concerns may explain the stock’s more restrained trading despite the favorable AI-sector backdrop. MRVL Earnings Ahead: Google Partnership Tailwind, Dilution Headwind

Hedge Funds Weigh In On Marvell Technology

Several institutional investors have recently bought and sold shares of the business. Mcguire Capital Advisors Inc. purchased a new position in shares of Marvell Technology in the 4th quarter valued at $95,000. Compound Planning Inc. boosted its position in Marvell Technology by 7.8% during the fourth quarter. Compound Planning Inc. now owns 30,417 shares of the semiconductor company's stock valued at $2,585,000 after purchasing an additional 2,197 shares in the last quarter. Alpine Woods Capital Investors LLC bought a new stake in Marvell Technology during the fourth quarter valued at about $651,000. Mercer Global Advisors Inc. ADV grew its stake in Marvell Technology by 22.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 54,643 shares of the semiconductor company's stock valued at $4,644,000 after purchasing an additional 9,859 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC grew its stake in Marvell Technology by 2.2% in the fourth quarter. Onyx Bridge Wealth Group LLC now owns 8,118 shares of the semiconductor company's stock valued at $690,000 after purchasing an additional 171 shares during the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Company Profile

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.

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