Marvell Technology (MRVL, Financial) is set to hold a webinar on June 17 at 1 PM to discuss the advancements and future prospects of custom silicon technology in the realm of AI infrastructure. This event aims to provide insights into how the company is positioning itself in the rapidly evolving AI sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 37 analysts, the average target price for Marvell Technology Inc (MRVL, Financial) is $91.34 with a high estimate of $135.00 and a low estimate of $60.00. The average target implies an upside of 31.38% from the current price of $69.52. More detailed estimate data can be found on the Marvell Technology Inc (MRVL) Forecast page.
Based on the consensus recommendation from 41 brokerage firms, Marvell Technology Inc's (MRVL, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Marvell Technology Inc (MRVL, Financial) in one year is $92.99, suggesting a upside of 33.76% from the current price of $69.52. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Marvell Technology Inc (MRVL) Summary page.
MRVL Key Business Developments
Release Date: May 29, 2025
- Revenue: $1.895 billion, 4% sequential increase, 63% year-over-year growth.
- Data Center Revenue: $1.44 billion, 5% sequential growth, 76% year-over-year growth.
- Enterprise Networking Revenue: $178 million.
- Carrier Infrastructure Revenue: $138 million.
- Consumer Revenue: $63 million, 29% sequential decline.
- Automotive and Industrial Revenue: $76 million, 12% sequential decline.
- GAAP Gross Margin: 50.3%.
- Non-GAAP Gross Margin: 59.8%.
- GAAP Operating Expenses: $682 million.
- Non-GAAP Operating Expenses: $486 million.
- GAAP Operating Margin: 14.3%.
- Non-GAAP Operating Margin: 34.2%.
- GAAP Earnings Per Share: $0.20.
- Non-GAAP Earnings Per Share: $0.62, 158% year-over-year growth.
- Cash Flow from Operations: $333 million.
- Stock Repurchases: $340 million.
- Total Debt: $4.2 billion.
- Cash and Cash Equivalents: $886 million.
- Second Quarter Revenue Guidance: $2 billion at midpoint, 57% year-over-year growth.
- Second Quarter Non-GAAP Gross Margin Guidance: 59% to 60%.
- Second Quarter Non-GAAP Earnings Per Share Guidance: $0.62 to $0.72.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Marvell Technology Inc (MRVL, Financial) delivered record revenue of $1.895 billion for the first quarter of fiscal 2026, reflecting a 4% sequential increase and a strong 63% year-over-year growth.
- The data center end market achieved record revenue of $1.44 billion, growing 5% sequentially and 76% year-over-year, driven by robust AI demand.
- Marvell significantly increased stock repurchases in the first quarter, buying back $340 million, up from $200 million in the prior quarter.
- The company announced the sale of its automotive Ethernet business to Infineon for $2.5 billion, providing additional flexibility in capital allocation strategy.
- Marvell is forecasting second-quarter revenue of $2 billion at the midpoint of guidance, representing 57% year-over-year growth and setting another record revenue level.
Negative Points
- The consumer end market saw a 29% sequential decline in revenue, primarily driven by seasonality and gaming demand.
- The automotive and industrial end market experienced a 12% sequential decline in revenue, with industrial order patterns being lumpy.
- GAAP operating expenses were $682 million, including stock-based compensation and other costs, impacting overall profitability.
- Non-GAAP gross margin was 59.8%, slightly below expectations, partly due to the lower-margin custom silicon business.
- There are ongoing macroeconomic uncertainties that could impact future growth, requiring close monitoring of the broader environment.
