Marvell Technology (NASDAQ:MRVL) Releases Quarterly Earnings Results, Meets Expectations

Key Points

• Marvell Technology reported earnings of $0.50 per share for the quarter, missing analysts' estimates of $0.67 by $0.17.
• The company updated its Q3 2026 guidance, projecting earnings per share to be between $0.690 to $0.790.
• Marvell declared a quarterly dividend of $0.06, resulting in an annualized dividend yield of 0.3%.

Marvell Technology (NASDAQ:MRVL - Get Free Report) announced its earnings results on Thursday. The semiconductor company reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67, Briefing.com reports. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%.The company's revenue was up 57.6% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. Marvell Technology updated its Q3 2026 guidance to 0.690-0.790 EPS.

Marvell Technology Price Performance

Shares of NASDAQ:MRVL opened at $77.23 on Friday. Marvell Technology has a 12 month low of $47.08 and a 12 month high of $127.48. The stock has a market cap of $66.71 billion, a price-to-earnings ratio of -135.49, a PEG ratio of 0.81 and a beta of 1.83. The stock's 50 day moving average price is $74.90 and its 200 day moving average price is $71.08. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.30 and a quick ratio of 0.94.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, July 11th. Marvell Technology's payout ratio is -42.11%.

Wall Street Analysts Forecast Growth

MRVL has been the topic of several research analyst reports. TD Cowen increased their price target on shares of Marvell Technology from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. UBS Group reaffirmed a "buy" rating on shares of Marvell Technology in a research report on Monday, June 2nd. Redburn Atlantic initiated coverage on shares of Marvell Technology in a research report on Wednesday, May 28th. They set a "neutral" rating and a $67.00 price target on the stock. Bank of America increased their price target on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Finally, Evercore ISI dropped their price objective on shares of Marvell Technology from $135.00 to $133.00 and set an "outperform" rating on the stock in a research note on Friday, May 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $94.70.

Insider Buying and Selling

In related news, EVP Mark Casper sold 3,000 shares of the business's stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $72.35, for a total transaction of $217,050.00. Following the sale, the executive vice president owned 17,163 shares of the company's stock, valued at $1,241,743.05. The trade was a 14.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Willem A. Meintjes sold 1,500 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $68.52, for a total value of $102,780.00. Following the sale, the chief financial officer directly owned 121,348 shares in the company, valued at approximately $8,314,764.96. The trade was a 1.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,783 shares of company stock valued at $407,716 over the last quarter. Corporate insiders own 0.19% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Rafferty Asset Management LLC grew its position in Marvell Technology by 111.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 5,810,359 shares of the semiconductor company's stock worth $449,722,000 after purchasing an additional 3,056,808 shares in the last quarter. Raymond James Financial Inc. grew its position in Marvell Technology by 3.3% during the 2nd quarter. Raymond James Financial Inc. now owns 3,265,060 shares of the semiconductor company's stock worth $252,716,000 after purchasing an additional 104,155 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Marvell Technology by 70.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,821,333 shares of the semiconductor company's stock worth $140,971,000 after purchasing an additional 752,514 shares in the last quarter. California State Teachers Retirement System grew its position in Marvell Technology by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 1,362,815 shares of the semiconductor company's stock worth $105,482,000 after purchasing an additional 8,846 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Marvell Technology by 4.1% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,113,726 shares of the semiconductor company's stock worth $86,155,000 after purchasing an additional 43,724 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

Marvell Technology Company Profile

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.