Marvell Technology (MRVL)
Coverage summary
Aardvark Labs Capital Research has covered Marvell Technology (MRVL) since May 30, 2025. The company is in the Technology sector. This page lists 6 reports: 6 earnings recaps.
The latest is the Q2 FY27 Earnings Recap, published September 3, 2026. The current rating is Hold, unchanged since the Q1 FY27 Earnings Recap of May 28, 2026. The rating has changed twice since coverage began.
Translations: 6 in Chinese.
Rating history
All MRVL reports
Recap: Q2 FY27
The Framework Went Up Again and the Stock Went Down 13.5%: Marvell Pays for Growth in Equity
Recap: Q1 FY27
Every Line of the Framework Moved Up and the Stock Had Already Bought It: Downgrading Marvell to Hold
Recap: Q4 FY26
FY26 Revenue $8.2B (+42%); FY27 Outlook Raised to ~$11B (+30%); FY28 ~$15B (~+40%) with EPS >$5; Data Center +40% FY27 / +~50% FY28; Celestial AI + XConn Acquisitions Closed; Q4 Exits at $3B+ Run Rate — Maintaining Outperform
Recap: Q3 FY26
Record Revenue $2.075B (+37% YoY), Celestial AI Acquisition for Photonic Fabric Scale-Up Announced, FY27 Revenue Outlook Raised to $10B (Data Center +25%), FY28 Data Center +40%, AEC + Retimer Revenue More Than Doubles, $1B ASR Executed — Upgrading to Outperform
Recap: Q2 FY26
Record Revenue $2.006B (+58% YoY), Non-GAAP EPS $0.67 (+123%), AI Day Delivered $94B 2028 TAM + 18 Custom Design Wins + 20% Market Share Goal, Custom Lumpy in Q3 (Q4 Stronger), Auto Ethernet Sale Closed for $2.5B — Maintaining Hold
Recap: Q1 FY26
Record Revenue $1.895B (+63% YoY), Data Center +76%, Non-GAAP EPS $0.62 (+158%), 3nm Wafer + Advanced Packaging Capacity Secured for Custom XPU Follow-On, NVLink Fusion Partnership, Auto Ethernet Sale to Infineon for $2.5B Cash — Initiating at Hold