| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 9 | 77.7x | 17.8x | Bottom tier | |
Growth | 94 | 30.6% | 7.1% | Top tier | |
Quality | 61 | 5.4% | 4.5% | Around median | |
Safety | 84 | 0.5x | 2.6x | Top tier | |
Capital Return | 23 | 0.10% | 2.12% | Bottom tier | |
Momentum | 90 | 245.4% | 2.9% | Top tier | |
Sentiment | 72 | 26 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Marvell Technology develops semiconductor solutions aimed primarily at data center infrastructure and generates revenue from optical interconnect products, network switches, custom silicon, and storage, memory, and compute solutions. Its technologies include 800G and 1.6T optical DSPs, 51.2T switches, TIA components, and CXL products, as well as XPU chips and companion products such as storage controllers, networking and memory interfaces, and near-memory computing. In fiscal Q2 2027, data centers became the company’s largest end market, accounting for 79% of revenue, while the remaining revenue came from communications and other markets.
Marvell recorded fiscal Q2 2027 revenue of $2.739 billion, up 37% year over year and 13% from the previous quarter. Data center revenue reached $2.17 billion, growing 46% year over year and 18% sequentially, while communications and other markets generated $568 million, down 3% sequentially and up 10% year over year. According to EDGAR filings, gross profit was approximately $1.5 billion, net income was $308 million, and GAAP diluted earnings per share were $0.33.
The GAAP gross margin was 53.1%, and the adjusted gross margin was 58.9%, while the GAAP operating margin reached 16.8% and the adjusted operating margin reached 36.6%. The adjusted operating margin increased 180 basis points year over year and 160 basis points sequentially, and adjusted earnings per share were $0.94 versus market estimates of $0.93. On a trailing-twelve-month basis within fiscal 2027 data, revenue was $9.5 billion, gross profit was $4.9 billion, and net income was $2.6 billion.
The analyst consensus rates MRVL a “Buy,” with an average price target of $271.15 and a wide range between $155 and $400; the average is below the 52-week range high of $329.88, while the stock’s full range extends from $61.44 to $329.88. In contrast, an August 28, 2026 analysis cited a price-to-earnings ratio of 71 times and EV/EBITDA of 72.6 times, reflecting a valuation that requires continued strong growth and achievement of revenue and margin forecasts. The approximately $245 spread in analyst targets, together with the stock’s decline of approximately 10% following record results, reveals significant disagreement over the value of the Google agreement and the company’s ability to deliver the fiscal 2027 and fiscal 2028 acceleration.
Figures in the text are as of 2026-09-02; the live price is shown at the top of the page.
The primary driver was data centers, which recorded revenue of $2.17 billion and grew 46% year over year and 18% sequentially. This business represented 79% of Marvell’s total revenue of $2.739 billion. Demand included optical interconnect products, network switches, and custom silicon, with strength in 800G, acceleration in 1.6T, and expansion in 51.2T switches.
The expanded agreement includes programs related to the TPU ecosystem, such as inference accelerators, storage controllers, networking and memory interfaces, and near-memory computing. It is linked to a warrant granting Google the option to purchase 58.97 million shares at an exercise price of $206.58 per share. Management confirmed on the August 27, 2026 call that revenue from the covered programs through fiscal 2028 is already included in its forecasts, while the largest potential incremental impact is concentrated in fiscal 2029 and beyond.
Management expects revenue of approximately $12 billion in fiscal 2027, representing year-over-year growth of approximately 45%, after raising its previous estimate of approximately $11.5 billion. It also expects data center revenue to grow by approximately 60% during fiscal 2027, compared with a previous estimate of approximately 50%. For fiscal 2028, the company expects revenue of approximately $18 billion and data center growth of more than 60%, with the custom silicon business more than doubling.
Automated analysis for informational purposes only — not investment advice.
The adjusted gross margin was 58.9% in fiscal Q2 2027, but the company guided to a range of between 57.5% and 58.5% in Q3 due to the accelerating custom silicon mix. Management expects the gross margin to remain within a similar range during fiscal Q4 2027 and fiscal 2028. In contrast, it expects operating leverage to raise the adjusted operating margin from 36.6% in Q2 to a range of 38%–40% in fiscal Q4 2027.
The plan depends heavily on data centers, which accounted for 79% of fiscal Q2 2027 revenue, and on executing multiple programs for hyperscale computing customers. The company faces industry-wide supply constraints, so it plans approximately $1 billion in prepayments to suppliers during fiscal 2027. Customers are also still evaluating copper, NPO, and CPO technologies in scale-up networks, making the timing of product adoption and the technology mix influential factors in revenue and margins.
Net insider transactions during the three months ending with the latest transaction on August 17, 2026 amounted to sales of $15.4 million. The data recorded nine sales and no purchases, so the signal was classified as strong_sell. Nevertheless, insider sales may be prearranged and do not, on their own, provide conclusive evidence relative to fiscal Q2 2027 results or the announced revenue forecasts.
