Marvell's stock rose 17.0% over the past three months, versus 5.0% for the S&P 500, but closed on October 21 at 22.6% below its June high. It traded at 23.2 times trailing twelve-month sales, below 28.3 times at the end of June, while data center sales (79% of revenue) grew 46% year over year in fiscal Q2 2027. The twelve-month operating margin reached 16.8%, up from 6.0%, but remains below the 21.9% peak in fiscal Q1 2019. Fiscal Q3 2027 revenue guidance is $3.15 billion plus or minus 5%, against analysts' expectation of about $3.22 billion, and management lifted its fiscal 2028 revenue outlook to about $20 billion at its October 6 Investor Day. The article argues the current price depends on that fiscal 2028 target being met, with fiscal Q3 results as the next test.
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Marvell Technology (MRVL) closed at $245.28 on October 14, 2026, down 14.5% from its October 6 close, after the chip designer raised its long-term sales outlook on data-center demand. Since 2010, the stock has had 15 declines of more than 20% within 30 trading days; of the 14 periods that can be judged, eight ended lower a year later, with a median fall of 8.0%. Revenue rose 36.5% year over year to $2.74 billion in fiscal Q2 2027, GAAP operating margin reached 16.7%, and operating cash flow was $606 million. Investors pay about $23 for each dollar of yearly sales, versus about $3 for the S&P 500, and most of the last four quarters' $2.64 billion profit came from one quarter that included a $1.8 billion pre-tax gain from selling its automotive Ethernet business to Infineon. The article says the key figure to watch in the next report is revenue against management's $3.15 billion guidance for fiscal Q3 2027.
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24/7 Wall St.'s model sets a 12-month price target of $311.69 for Marvell Technology (MRVL), versus $266.89 at noon, and rates the stock a buy with high confidence. Second-quarter fiscal 2027 revenue was $2.739 billion, up 36.55%, with Data Center revenue rising 46% to $2.1715 billion, or 79% of sales. Guidance for the third quarter calls for $3.150 billion in revenue and $1.10 in non-GAAP EPS, while management expects roughly $12 billion in fiscal 2027 revenue. The article lists risks including reliance on a handful of hyperscalers, gross margin that slid to 58.9%, and $4.963 billion in long-term debt. The model's bear case is $237.25, versus a bull case of $356.05.
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Marvell (MRVL) stock has returned 216% over the past twelve months, versus about 18% for the S&P 500. At a recent Investor Day, management set a fiscal 2031 revenue target of $70 billion to $90 billion, and the shares rose about 6% that day. The stock trades at 91.8 times trailing earnings versus 22.3 for the S&P 500, and those earnings include a one-time pre-tax gain of about $1.8 billion from selling its automotive Ethernet business that will drop out of the trailing figure. Record fiscal Q2 2027 revenue of $2.739 billion rose 37%, with data center chips at 79% of sales, and the fiscal 2028 outlook was raised to about $20 billion. The article notes gross margin may slip as the custom chip business ramps, with the fiscal Q3 2027 revenue guide at $3.15 billion, plus or minus 5%.
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