Marvell shares fell 8.13% to $224.01 today even though management raised its revenue outlook for fiscal 2027 and 2028. Fiscal Q2 2027 revenue reached $2.7393 billion, up 36.5% year over year and above consensus, with Data Center making up 79% of sales and Q3 guidance of $3.150 billion ±5%. 24/7 Wall St. sets a price target of $271.84, implying 21.35% upside over 12 months, with a Buy rating. Its bull case is $350.85 and bear case $209.36, with risks including reliance on a few hyperscalers, tight supply of advanced wafers, and stock-based compensation rising to $207.6M from $142.1M. Although the stock is up 165.04% year to date, it sits about 32% below its 52-week high of $329.73.
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Marvell Technology (MRVL) shares returned 182.9% over the twelve months to October 26, 2026, versus 15.3% for the S&P 500. Data center sales reached $2.17 billion in the quarter ended August 1, 2026, up 46% from a year earlier and 79% of revenue. Revenue growth rose to 36.5% in that quarter after slowing to 22.1% in the quarter ended January 31, 2026, and management guided data center sales to grow roughly 75% in the fiscal third quarter of 2027. At the October 26 close, shares traded at 22.2 times sales over the last four quarters (versus 9.2 times at the end of June 2025) and 79.5 times earnings, compared with 22.9 for the S&P 500. The article notes that a further 30% gain would depend on data center sales continuing to grow at the pace of the past year, and that this forecast does not yet appear in reported results.
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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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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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Marvell (MRVL) is rated Hold at $223.47, up 163.4% this year but down 14.8% over the past month. Second-quarter revenue reached $2.739B, up 36.55%, and Google expanded its partnership and received a warrant to buy up to 7% of Marvell's shares; an analyst estimated the program at $120 billion in cumulative revenue over six years. However, Taiwanese chip designers such as MediaTek are competing for the same hyperscaler contracts, and price competition is showing in margins: gross margin guidance of 57.5%-58.5% is below last quarter's 58.9%. Counterpoint Research projects MediaTek will take 26% of AI ASIC server compute shipments by 2028, second behind Broadcom. The average target of $341.63 implies 52.9% upside, and the article lists custom revenue, gross margin and hyperscaler supplier changes as the key items to track.
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