MRVL Stock Analysis: Marvell Technology | NASDAQ
Semiconductors | NASDAQ, USA | Market Cap: 187.874m USD | 12M Return: 149.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 5.95B
EPS Trend: 85.0%
Qual. Beats: 3
Rev. Trend: 88.5%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality
Marvell Technology is a U.S.-headquartered fabless semiconductor company that designs data infrastructure chips spanning from the data center core to the network edge. Its product portfolio includes ethernet controllers, network adapters, physical transceivers and switches, single and multi-core processors, custom application-specific integrated circuits (ASICs), fibre channel adapters, and storage controllers for hard disk and solid-state drives. The company also offers a broad set of interconnect technologies, such as coherent and coherent-lite digital signal processors (DSPs), silicon photonics, co-packaged optics, linear pluggable optics, active electrical cable DSPs, and PCIe retimer solutions, alongside host interface products supporting SATA, SAS, PCIe, NVMe, and NVMe-over-fabrics standards. Marvell sells through both direct customers and distributors, serving data center, communications, and other end markets across the Americas, Asia, and other international regions. The company was incorporated in 1995 and is headquartered in Wilmington, Delaware.
Marvell operates within the GICS Information Technology sector, specifically the Semiconductors sub-industry, and follows a fabless model that outsources wafer manufacturing and focuses internal resources on chip design, IP development, and reference platforms. Demand for its products is closely tied to hyperscale data center build-outs, cloud and enterprise networking upgrades, and the rollout of high-speed optical interconnects used to link AI training clusters and large-scale storage systems.
- Custom AI silicon revenue surges from hyperscaler cloud customers
- China export controls threaten significant data center chip revenue
- Optical DSP and interconnect demand grows with AI data center buildouts
| Net Income: 2.53b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -0.67 > 1.0 |
| NWC/Revenue: 59.51% < 20% (prev 13.78%; Δ 45.72% < -1%) |
| CFO/TA 0.08 > 3% & CFO 2.06b > Net Income 2.53b |
| Net Debt (1.75b) to EBITDA (4.62b): 0.38 < 3 |
| Current Ratio: 3.28 > 1.5 & < 3 |
| Outstanding Shares: last quarter (893.3m) vs 12m ago 2.02% < -2% |
| Gross Margin: 50.64% > 18% (prev 43.17%; Δ 7.47% > 0.5%) |
| Asset Turnover: 37.12% > 50% (prev 32.47%; Δ 4.65% > 0%) |
| Interest Coverage Ratio: 15.80 > 6 (EBIT TTM 3.34b / Interest Expense TTM 211.2m) |
| A: 0.19 (Total Current Assets 7.46b - Total Current Liabilities 2.28b) / Total Assets 26.9b |
| B: 0.05 (Retained Earnings 1.34b / Total Assets 26.9b) |
| C: 0.14 (EBIT TTM 3.34b / Avg Total Assets 23.5b) |
| D: 2.09 (Book Value of Equity 18.2b / Total Liabilities 8.73b) |
| Altman-Z'' = 4.57 = AA |
| DSRI: 1.22 (Receivables 1.87b/1.14b, Revenue 8.72b/6.50b) |
| GMI: 0.85 (GM 43.17% / 50.64%) |
| AQI: 0.89 (AQ_t 0.68 / AQ_t-1 0.76) |
| SGI: 1.34 (Revenue 8.72b / 6.50b) |
| TATA: 0.02 (NI 2.53b - CFO 2.06b) / TA 26.9b) |
| Beneish M = -2.80 (Cap -4..+1) = A |
As of July 28, 2026, the stock is trading at USD 189.17 with a total of 21,524,622 shares traded. Over the past week, the price has changed by -2.96%, over one month by -31.88%, over three months by +19.60% and over the past year by +149.73%.
Current recommended Stop Loss: 158.90 (which is 16% or 1.5 ATR below the current price).
Marvell Technology has received a consensus analysts rating of 4.49. Therefore, it is recommended to buy MRVL.
- StrongBuy: 23
- Buy: 9
- Hold: 5
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 254.4 | 34.5% |
P/E Trailing = 72.4291
P/E Forward = 52.0833
P/S = 21.5524
P/B = 10.3961
P/EG = 1.1924
Revenue TTM = 8.72b USD
EBIT TTM = 3.34b USD
EBITDA TTM = 4.62b USD
Long Term Debt = 4.96b USD (from longTermDebt, last quarter)
Short Term Debt = 54.5m USD (from shortTermDebt, last quarter)
Debt = 5.59b USD (from shortLongTermDebtTotal, last quarter) + Leases 315.9m
Net Debt = 1.75b USD (calculated: Debt 5.59b - CCE 3.84b)
Enterprise Value = 190b USD (188b + Debt 5.59b - CCE 3.84b)
Interest Coverage Ratio = 15.80 (Ebit TTM 3.34b / Interest Expense TTM 211.2m)
EV/FCF = 113.9x (Enterprise Value 190b / FCF TTM 1.66b)
FCF Yield = 0.88% (FCF TTM 1.66b / Enterprise Value 190b)
FCF Margin = 19.09% (FCF TTM 1.66b / Revenue TTM 8.72b)
Net Margin = 28.99% (Net Income TTM 2.53b / Revenue TTM 8.72b)
Gross Margin = 50.64% ((Revenue TTM 8.72b - Cost of Revenue TTM 4.30b) / Revenue TTM)
Gross Margin QoQ = 52.15% (prev 48.37%)
Tobins Q-Ratio = 7.04 (Enterprise Value 190b / Total Assets 26.9b)
Interest Expense / Debt = 3.78% (Interest Expense 211.2m / Debt 5.59b)
Taxrate = 13.29% (387.3m / 2.91b)
NOPAT = 2.89b (EBIT 3.34b * (1 - 13.29%))
Current Ratio = 3.28 (Total Current Assets 7.46b / Total Current Liabilities 2.28b)
Debt / Equity = 0.31 (Debt 5.59b / totalStockholderEquity, last quarter 18.2b)
Debt / EBITDA = 0.38 (Net Debt 1.75b / EBITDA 4.62b)
Debt / FCF = 1.05 (Net Debt 1.75b / FCF TTM 1.66b)
Total Stockholder Equity = 15.0b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.76% (Net Income 2.53b / Total Assets 26.9b)
RoE = 16.84% (Net Income TTM 2.53b / Total Stockholder Equity 15.0b)
RoCE = 16.72% (EBIT 3.34b / Capital Employed (Equity 15.0b + L.T.Debt 4.96b))
RoIC = 11.91% (NOPAT 2.89b / Invested Capital 24.3b)
WACC = 16.66% (E(188b)/V(193b) * Re(17.06%) + D(5.59b)/V(193b) * Rd(3.78%) * (1-Tc(0.13)))
Discount Rate = 17.06% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 45.01 | Cagr: 1.46%
[DCF] Terminal Value 55.70% ; FCFF base≈1.55b ; Y1≈1.77b ; Y5≈2.61b
[DCF] Fair Price = 15.92 (EV 15.7b - Net Debt 1.75b = Equity 13.9b / Shares 875.8m; r=16.66% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 85.00 | EPS CAGR: 31.64% | SUE: 1.32 | # QB: 3
Revenue Correlation: 88.48 | Revenue CAGR: 20.04% | SUE: 0.48 | # QB: 0
EPS current Quarter (2026-07-31): EPS=0.93 | Chg30d=-0.01% | Revisions=+71% | Analysts=32
EPS next Quarter (2026-10-31): EPS=1.07 | Chg30d=+0.07% | Revisions=+84% | Analysts=30
EPS current Year (2027-01-31): EPS=4.05 | Chg30d=+0.01% | Revisions=+78% | GrowthEPS=+42.5% | GrowthRev=+40.7%
EPS next Year (2028-01-31): EPS=6.22 | Chg30d=+0.77% | Revisions=+73% | GrowthEPS=+53.7% | GrowthRev=+45.2%
[Analyst] Revisions Ratio: +84% (up=95, down=7)