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

Marvell Technology (NASDAQ:MRVL) issued an update on its third quarter 2027 earnings guidance on Thursday morning. The company provided EPS guidance of 1.050-1.150 for the period, compared to the consensus EPS 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 Stock Down 1.5%

MRVL opened at $241.45 on Friday. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. The stock has a market cap of $211.22 billion, a PE ratio of 82.69, a P/E/G ratio of 1.53 and a beta of 2.24. The business’s fifty day simple moving average is $229.10 and its 200 day simple moving average is $176.28. Marvell Technology has a 52 week low of $61.44 and a 52 week high of $329.88.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter last year, the company earned $0.67 EPS. The firm’s revenue was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, research analysts expect that Marvell Technology will post 3.07 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Friday, July 10th were issued a $0.06 dividend. The ex-dividend date was Friday, July 10th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology’s dividend payout ratio (DPR) is 8.22%.

Analyst Ratings Changes

Several analysts have commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Marvell Technology from $135.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. William Blair reaffirmed an “outperform” rating on shares of Marvell Technology in a research note on Thursday, May 28th. Barclays restated an “overweight” rating on shares of Marvell Technology in a report on Thursday, August 20th. Scotiabank began coverage on Marvell Technology in a research report on Tuesday, May 26th. They set an “outperform” rating on the stock. Finally, Compass Point set a $190.00 price target on shares of Marvell Technology in a report on Tuesday, May 26th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.09.

Insider Buying and Selling

In other news, COO Chris Koopmans sold 10,000 shares of Marvell Technology stock in a transaction dated Monday, August 3rd. The stock was 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 of the company’s stock, valued at $41,143,350.50. The trade was a 4.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel Durn sold 2,250 shares of Marvell Technology stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $281.01, for a total transaction of $632,272.50. Following the transaction, the chief financial officer directly owned 6,902 shares in the company, valued at $1,939,531.02. This represents a 24.58% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 41,981 shares of company stock worth $9,753,132. Corporate insiders own 0.12% of the company’s stock.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Marvell reported record fiscal Q2 revenue of approximately $2.74 billion, up 37% year over year, while adjusted EPS of $0.94 exceeded the $0.93 consensus estimate. Marvell Technology earnings report
• Positive Sentiment: Data-center revenue increased 46% year over year to a record $2.17 billion, and management said AI-related bookings remain exceptionally robust, with accelerating growth expected through fiscal 2027 and 2028. Marvell AI growth outlook
• Positive Sentiment: The company raised its longer-term revenue outlook to roughly $12 billion for fiscal 2027 and $18 billion for fiscal 2028. Its fiscal Q3 guidance also calls for adjusted EPS of $1.05-$1.15 and revenue of $3.0-$3.3 billion, generally above or in line with analyst forecasts. Marvell quarterly forecast
• Neutral Sentiment: Analysts remain broadly constructive, with a reported average “Moderate Buy” rating and a median price target near $250, although expectations vary considerably.
• Negative Sentiment: Investors were looking for a larger upside surprise after MRVL’s powerful AI-driven rally and premium valuation. The quarterly EPS beat was narrow, and some reports characterized results as missing the higher “whisper” number.
• Negative Sentiment: The key disappointment was timing: revenue from the recently expanded Google custom-AI-chip opportunity is reportedly not expected to become material until fiscal 2029. That led investors to question whether the deal will contribute quickly enough to justify current expectations. Marvell Google AI-chip deal
• Negative Sentiment: Margin concerns and the stock’s elevated valuation—including a reported price-to-earnings ratio above 80—amplified the reaction. In short, the report was fundamentally strong, but the outlook was not strong enough to overcome the market’s aggressive assumptions.

Institutional Investors Weigh In On Marvell Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MRVL. Gallagher Fiduciary Advisors LLC grew its position in Marvell Technology by 4.6% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 3,526 shares of the semiconductor company’s stock valued at $273,000 after acquiring an additional 156 shares during the last quarter. GAM Holding AG bought a new stake in shares of Marvell Technology during the fourth quarter worth $265,000. Mindset Wealth Management LLC raised its holdings in shares of Marvell Technology by 15.8% in the 4th quarter. Mindset Wealth Management LLC now owns 2,928 shares of the semiconductor company’s stock valued at $249,000 after purchasing an additional 400 shares in the last quarter. Syon Capital LLC bought a new position in shares of Marvell Technology in the 4th quarter worth $229,000. Finally, Advisors Asset Management Inc. raised its position in shares of Marvell Technology by 36.7% in the 4th quarter. Advisors Asset Management Inc. now owns 2,669 shares of the semiconductor company’s stock worth $227,000 after acquiring an additional 716 shares in the last quarter. 83.51% of the stock is currently 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.