Marvell Technology (NASDAQ:MRVL) Updates Q2 2027 Earnings Guidance

Key Points

• Marvell Technology raised its Q2 2027 guidance, forecasting EPS of $0.88 to $0.98 versus analyst expectations of $0.86. Revenue guidance was set at $2.6 billion to $2.8 billion, slightly above consensus.
• The update comes amid strong analyst sentiment, with several firms lifting price targets and the stock carrying a consensus rating of Moderate Buy and an average price target of $158.76.
• Shares were volatile after the guidance update, trading down on the day despite upbeat expectations, while the company continues to benefit from AI networking and custom chip demand themes.

Marvell Technology (NASDAQ:MRVL - Get Free Report) updated its second quarter 2027 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.880-0.980 for the period, compared to the consensus earnings per share estimate of 0.860. The company issued revenue guidance of $2.6 billion-$2.8 billion, compared to the consensus revenue estimate of $2.6 billion.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MRVL. B. Riley Financial restated a "buy" rating on shares of Marvell Technology in a report on Tuesday, May 12th. Cantor Fitzgerald raised their price objective on Marvell Technology from $120.00 to $190.00 and gave the company a "neutral" rating in a research note on Tuesday. Morgan Stanley raised their price objective on Marvell Technology from $103.00 to $172.00 and gave the company an "equal weight" rating in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on Marvell Technology from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Friday, March 6th. Finally, Scotiabank began coverage on Marvell Technology in a research note on Tuesday. They set an "outperform" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Marvell Technology presently has an average rating of "Moderate Buy" and a consensus price target of $158.76.

Marvell Technology Price Performance

Shares of MRVL traded down $9.52 during midday trading on Wednesday, hitting $198.74. 38,442,274 shares of the company traded hands, compared to its average volume of 21,551,209. The stock has a 50-day moving average of $139.40 and a 200-day moving average of $103.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.58. The firm has a market cap of $178.34 billion, a P/E ratio of 64.53, a PEG ratio of 1.64 and a beta of 2.25. Marvell Technology has a one year low of $58.61 and a one year high of $218.26.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.01. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter last year, the business posted $0.60 earnings per share. The firm's revenue was up 22.1% compared to the same quarter last year. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. As a group, sell-side analysts predict that Marvell Technology will post 3.04 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology's dividend payout ratio (DPR) is currently 7.79%.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the firm's stock in a transaction on Monday, April 6th. The stock was sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the completion of the transaction, the chief operating officer owned 133,870 shares of the company's stock, valued at approximately $14,757,828.80. This trade represents a 6.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Willem A. Meintjes sold 30,000 shares of the company's stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $134.01, for a total transaction of $4,020,300.00. Following the completion of the sale, the chief financial officer directly owned 154,111 shares of the company's stock, valued at approximately $20,652,415.11. This trade represents a 16.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last three months, insiders have sold 245,060 shares of company stock valued at $29,901,072. Company insiders own 0.19% of the company's stock.

Key Headlines Impacting Marvell Technology

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

• Positive Sentiment: HSBC upgraded Marvell to buy and analysts raised price targets, citing strong AI networking and custom chip demand ahead of earnings. HSBC Upgrades Marvell Stock (MRVL) Ahead of Q1 Earnings, Says ‘Ready to Ride the AI-Networking Super-Cycle’
• Positive Sentiment: Investors are positioning for a potential earnings beat and raise, with consensus expecting about $0.79 EPS and roughly 27% revenue growth to $2.4 billion. Options data reveals where Marvell stock will head after Q1 earnings
• Positive Sentiment: Multiple previews say Marvell’s leadership in optical connectivity and ramping custom AI chips could drive a strong quarter and potentially new highs after results. Marvell’s stock has soared ahead of earnings. Why analysts say it’s still ‘underestimated.’
• Neutral Sentiment: Broader chip-sector strength and upbeat AI sentiment are supporting the move, with futures and semiconductor shares firmer into the earnings release. Stock Index Futures Climb on AI Optimism and Lower Bond Yields, Fed Speak and Marvell Earnings on Tap
• Neutral Sentiment: Marvell is also getting attention because earnings from other AI names, including Salesforce and Snowflake, are being viewed as a demand check for the broader AI trade. AI Earnings Test: Salesforce, Snowflake, Marvell, HP Report After The Bell
• Negative Sentiment: Some investors are cautious because expectations are very high after a big rally, and insider selling has been flagged as a potential risk if guidance disappoints. Marvell Technology (MRVL) Earnings Preview: Can AI Demand Justify the 130% Rally?

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Mcguire Capital Advisors Inc. purchased a new stake in Marvell Technology in the 4th quarter worth $95,000. Compound Planning Inc. lifted its holdings in shares of Marvell Technology by 7.8% in the 4th quarter. Compound Planning Inc. now owns 30,417 shares of the semiconductor company's stock worth $2,585,000 after acquiring an additional 2,197 shares during the last quarter. Alpine Woods Capital Investors LLC acquired a new stake in Marvell Technology during the 4th quarter worth approximately $651,000. Mercer Global Advisors Inc. ADV lifted its holdings in Marvell Technology by 22.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 54,643 shares of the semiconductor company's stock worth $4,644,000 after buying an additional 9,859 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC increased its position in shares of Marvell Technology by 2.2% in the 4th 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. Hedge funds and other 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.

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