Marvell Technology, Inc. logo

Marvell Technology, Inc.

MRVL

NASDAQTechnologySemiconductors

Previous close

$237.04

−$13.97 · -5.57%

Aug 21, 4:00 PM ET

Pre-market

$228.89

−$8.15 · -3.44%

Aug 24, 8:34 AM ET

MRVL company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

69

Undervalued

Momentum

48

Neutral

Sentiment

64

Bullish

Risk resilience

39

High Risk

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Company profile

Company website

Marvell Technology, Inc., together with its subsidiaries, provides data infrastructure semiconductor solutions and spanning the data center core to network edge in the United States, Argentina, China, India, Israel, Japan, Singapore, South Korea, Taiwan, Vietnam, and internationally. The company develops and scales system-on-a-chip architectures, integrating analog, mixed-signal, and digital signal processing functionality. It offers a portfolio of ethernet solutions, including spanning controllers, network adapters, physical transceivers, and switches; single or multiple core processors; and custom application specific integrated circuits, interconnects, fibre channel adapters, and processors. The company also provides interconnect products, including pulse amplitude modulation, coherent and coherent-lite digital signal processors (DSPs), laser drivers, trans-impedance amplifiers, silicon photonics, co-packaged optics, linear pluggable optics chipsets, data center interconnect, active electrical cable DSPs and peripheral component interconnect express retimer solutions; fibre channel products comprising host bus adapters and controllers for server and storage system connectivity; storage controllers for hard disk drives and solid-state-drives; host system interfaces, including serial advanced technology attachment and serial attached SCSI, peripheral component interconnect express, compute express link switches, non-volatile memory express (NVMe), and NVMe over fabrics; and develops ultra accelerator linkTM switches and ethernet for scale-up networking switches. The company serves data centers, communications, and other markets. It offers its products through direct customers and distributors. Marvell Technology, Inc. was incorporated in 1995 and is headquartered in Wilmington, Delaware.

Industry
Semiconductors
Sector
Technology
Headquarters
US
CEO
Matthew J. Murphy
Listed since
Jun 27, 2000
Employees
7,480

Market position

Day range

Current $237.04

52-week range

Current $237.04

Open
$252.39
Previous close
$251.01
Volume
25.53M
0.7× average
Average volume
36.55M
Average daily volume
Market cap
207.59B USD
Beta
2.25
Market reference 1
50-day average
$233.85
+1.36% above average
200-day average
$145.07
+63.40% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
70.1B USD
P/E (TTM)
80.65×
P/B (TTM)
11.48×
P/S (TTM)
23.81×
EV / EBITDA
15.44×
Earnings yield
3.93%
Free cash flow yield
2.06%
Dividend yield
0.10%

Profitability & efficiency

Gross margin
50.64%
Operating margin
16.20%
Net margin
28.99%
Return on equity
18.66%
Return on assets
11.98%
Return on invested capital
5.98%

Financial health

Debt / equity
0.29×
Current ratio
2.01×
Altman Z-score
15.3
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends58%31%3%-24%Gross margin, FY2022: 46.26%Gross margin, FY2023: 50.47%Gross margin, FY2024: 41.64%Gross margin, FY2025: 41.31%Gross margin, FY2026: 51.02%Operating margin, FY2022: -7.79%Operating margin, FY2023: 4.02%Operating margin, FY2024: -10.31%Operating margin, FY2025: -12.49%Operating margin, FY2026: 16.33%Net margin, FY2022: -9.43%Net margin, FY2023: -2.76%Net margin, FY2024: -16.95%Net margin, FY2025: -15.35%Net margin, FY2026: 32.58%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 46.26%. Gross margin FY2023 50.47%. Gross margin FY2024 41.64%. Gross margin FY2025 41.31%. Gross margin FY2026 51.02%. Operating margin FY2022 -7.79%. Operating margin FY2023 4.02%. Operating margin FY2024 -10.31%. Operating margin FY2025 -12.49%. Operating margin FY2026 16.33%. Net margin FY2022 -9.43%. Net margin FY2023 -2.76%. Net margin FY2024 -16.95%. Net margin FY2025 -15.35%. Net margin FY2026 32.58%.

Income trends

Revenue

8.19B USD+42.09%

Operating income

1.34B USD+2.06B USD

Net income

2.67B USD+3.56B USD
Income trends across reported periods9.11B USD5.46B USD1.81B USD−1.85B USDRevenue, FY2022: 4.46B USDRevenue, FY2023: 5.92B USDRevenue, FY2024: 5.51B USDRevenue, FY2025: 5.77B USDRevenue, FY2026: 8.19B USDOperating income, FY2022: −347.7M USDOperating income, FY2023: 238M USDOperating income, FY2024: −567.7M USDOperating income, FY2025: −720.3M USDOperating income, FY2026: 1.34B USDNet income, FY2022: −421M USDNet income, FY2023: −163.5M USDNet income, FY2024: −933.4M USDNet income, FY2025: −885M USDNet income, FY2026: 2.67B USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 4.46B USD. Revenue FY2023 5.92B USD. Revenue FY2024 5.51B USD. Revenue FY2025 5.77B USD. Revenue FY2026 8.19B USD. Operating income FY2022 −347.7M USD. Operating income FY2023 238M USD. Operating income FY2024 −567.7M USD. Operating income FY2025 −720.3M USD. Operating income FY2026 1.34B USD. Net income FY2022 −421M USD. Net income FY2023 −163.5M USD. Net income FY2024 −933.4M USD. Net income FY2025 −885M USD. Net income FY2026 2.67B USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue8.19B USD5.77B USD5.51B USD5.92B USD4.46B USD
Cost of goods sold4.01B USD3.39B USD3.21B USD2.93B USD2.4B USD
Gross profit4.18B USD2.38B USD2.29B USD2.99B USD2.06B USD
Research and development2.08B USD1.95B USD1.9B USD1.78B USD1.42B USD
Selling, general, and administrative767.1M USD798.2M USD834M USD843.6M USD955.3M USD
Operating expenses2.86B USD3.1B USD2.86B USD2.75B USD2.41B USD
Interest income1.93B USD15M USD20.7M USD17.7M USD800K USD
Interest expense202.6M USD189.4M USD211.7M USD170.6M USD139.3M USD
Depreciation and amortization1.29B USD1.36B USD1.4B USD1.39B USD1.25B USD
Operating income1.34B USD−720.3M USD−567.7M USD238M USD−347.7M USD
Net income2.67B USD−885M USD−933.4M USD−163.5M USD−421M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 2 misses, 0 met estimates
Average EPS surprise
+1.49%
11 comparable reports
Latest EPS result
0.8
Estimate 0.8 · Beat by 0.25%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.970.770.570.37Q4 '24BeatQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Dec 3, 2024: actual 0.43, estimate 0.41, surprise +4.88%, Beat. Q1 2025, reported Mar 5, 2025: actual 0.6, estimate 0.59, surprise +1.69%, Beat. Q2 2025, reported May 29, 2025: actual 0.62, estimate 0.612, surprise +1.31%, Beat. Q3 2025, reported Aug 28, 2025: actual 0.67, estimate 0.673, surprise -0.45%, Miss. Q4 2025, reported Dec 2, 2025: actual 0.76, estimate 0.743, surprise +2.29%, Beat. Q1 2026, reported Mar 5, 2026: actual 0.8, estimate 0.792, surprise +1.01%, Beat. Q2 2026, reported May 27, 2026: actual 0.8, estimate 0.798, surprise +0.25%, Beat. Q3 2026, reported Aug 27, 2026: actual —, estimate 0.932, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates2.82B2.33B1.84B1.35BQ4 '24BeatQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Dec 3, 2024: actual 1.52B USD, estimate 1.46B USD, surprise +4.10%, Beat. Q1 2025, reported Mar 5, 2025: actual 1.82B USD, estimate 1.8B USD, surprise +1.04%, Beat. Q2 2025, reported May 29, 2025: actual 1.9B USD, estimate 1.88B USD, surprise +0.97%, Beat. Q3 2025, reported Aug 28, 2025: actual 2.01B USD, estimate 2.01B USD, surprise -0.21%, Miss. Q4 2025, reported Dec 2, 2025: actual 2.07B USD, estimate 2.07B USD, surprise +0.27%, Beat. Q1 2026, reported Mar 5, 2026: actual 2.22B USD, estimate 2.21B USD, surprise +0.54%, Beat. Q2 2026, reported May 27, 2026: actual 2.42B USD, estimate 2.41B USD, surprise +0.49%, Beat. Q3 2026, reported Aug 27, 2026: actual —, estimate 2.71B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$260.54

9.91% upside
Past 12 months12-month forecast

Price history unavailable

High $400Average $260.54Low $155

Recent analyst actions

12 institutions
BMO CapitalmaintainOutperform

MRVL news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.24

2025 complete year0.0% since 2020

2026 partial: $0.18

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 10, 2026

$0.06

Quarterly

Record Jul 10, 2026 · Payment Jul 30, 2026

Dividend

Ex-dividend Apr 10, 2026

$0.06

Quarterly

Record Apr 10, 2026 · Payment Apr 30, 2026

Dividend

Ex-dividend Jan 9, 2026

$0.06

Quarterly

Record Jan 9, 2026 · Payment Jan 29, 2026

Dividend

Ex-dividend Oct 10, 2025

$0.06

Quarterly

Record Oct 10, 2025 · Payment Oct 30, 2025

Dividend

Ex-dividend Jul 11, 2025

$0.06

Quarterly

Record Jul 11, 2025 · Payment Jul 31, 2025

Dividend

Ex-dividend Apr 11, 2025

$0.06

Quarterly

Record Apr 11, 2025 · Payment May 1, 2025

MRVL peers

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