Zacks Research Has Bearish Forecast for MRVL FY2027 Earnings

Marvell Technology, Inc. (NASDAQ:MRVL) – Equities researchers at Zacks Research reduced their FY2027 earnings per share (EPS) estimates for Marvell Technology in a note issued to investors on Wednesday, November 4th. Zacks Research analyst Team now forecasts that the semiconductor company will post earnings of $3.08 per share for the year, down from their previous estimate of $3.09. The consensus estimate for Marvell Technology’s current full-year earnings is $3.05 per share. Zacks Research also issued estimates for Marvell Technology’s Q1 2028 earnings at $1.06 EPS, FY2028 earnings at $5.50 EPS, Q1 2029 earnings at $1.68 EPS and FY2029 earnings at $8.33 EPS.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.01. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. Marvell Technology’s revenue for the quarter was up 36.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS.

Other research analysts also recently issued reports about the company. Evercore reiterated an “outperform” rating and set a $433.00 price objective on shares of Marvell Technology in a research note on Tuesday, October 6th. TD Cowen cut shares of Marvell Technology from a “buy” rating to a “hold” rating and decreased their target price for the stock from $350.00 to $175.00 in a research note on Tuesday. Wolfe Research raised their target price on shares of Marvell Technology from $280.00 to $375.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 7th. Arete Research upgraded shares of Marvell Technology to a “strong-buy” rating in a research report on Friday, October 16th. Finally, HC Wainwright reiterated a “buy” rating on shares of Marvell Technology in a research report on Tuesday, August 25th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $300.85.

Marvell Technology Stock Down 16.4%

NASDAQ MRVL opened at $133.55 on Friday. Marvell Technology has a 52 week low of $70.68 and a 52 week high of $329.88. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $117.11 billion, a P/E ratio of 44.08, a price-to-earnings-growth ratio of 4.77 and a beta of 2.32. The stock’s 50-day moving average price is $236.31 and its 200-day moving average price is $183.92.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Friday, October 9th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, October 9th. Marvell Technology’s payout ratio is 7.92%.

Insider Activity at Marvell Technology

In related news, COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $186.97, for a total transaction of $1,869,700.00. Following the completion of the transaction, the chief operating officer owned 202,800 shares in the company, valued at approximately $37,917,516. This represents a 4.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 3,685 shares of Marvell Technology stock in a transaction on Friday, October 16th. The shares were sold at an average price of $234.97, for a total transaction of $865,864.45. Following the completion of the sale, the insider owned 58,748 shares in the company, valued at approximately $13,804,017.56. This represents a 5.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 57,285 shares of company stock worth $12,901,763 over the last ninety days. 0.12% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Marvell Technology

Several large investors have recently made changes to their positions in MRVL. Investment Research & Advisory Group Inc. purchased a new stake in shares of Marvell Technology during the 3rd quarter worth approximately $25,000. Sawyer & Company Inc purchased a new position in shares of Marvell Technology in the third quarter valued at $26,000. Sunrise Financial Services LLC purchased a new position in shares of Marvell Technology in the third quarter valued at $26,000. WPG Advisers LLC purchased a new position in shares of Marvell Technology in the third quarter valued at $26,000. Finally, REAP Financial Group LLC bought a new stake in Marvell Technology in the third quarter worth $26,000. 83.51% of the stock is owned by institutional investors.

Marvell Technology News Summary

Here are the key news stories impacting Marvell Technology this week:

• Positive Sentiment: Zacks Research made modest upward revisions to several future EPS forecasts, including FY2028 and FY2029, reflecting improving longer-term earnings expectations. Its FY2027 estimate was trimmed slightly. This provides a supportive signal, though it is an analyst forecast rather than company guidance.
• Positive Sentiment: Marvell’s AI networking business is benefiting from demand for data-center connectivity. The company says Lumentum’s optical technologies complement its electrical connectivity products, potentially strengthening its position in AI infrastructure and supporting future growth. Article: MRVL’s Networking Business Grows on the Back of AI
• Neutral Sentiment: Analysts disagree on whether the Lumentum deal’s strategic benefits justify its cost. The transaction could create a broader optical-networking platform, but its completion and value remain uncertain. Article: Wedbush Isn’t So Sure the Marvell-Lumentum Deal Will Really Happen
• Negative Sentiment: The proposed $115 billion Lumentum acquisition is an all-stock deal, raising concerns about substantial shareholder dilution, the purchase price and integration risk. A fixed exchange ratio also means changes in Marvell’s share price affect the value Lumentum holders receive. Article: Why Marvell Stock Is Falling Today
• Negative Sentiment: Chip and AI-infrastructure stocks have sold off amid concerns that election outcomes could bring stricter AI policy or delays to data-center construction. Marvell’s exposure to data-center connectivity leaves it vulnerable if spending plans weaken. Article: Why Marvell Stock Is Falling Today
• Negative Sentiment: Recent reports also cite insider selling and analyst rating or price-target cuts, adding to caution around the stock. Article: Marvell Technology Shares Down on Insider Selling

Marvell Technology Company Profile

Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, telecommunications networks, enterprise systems, automotive applications and other connected markets. Its products are designed to support the movement, processing, storage and security of data across complex computing and communications environments.

The company’s portfolio includes data-processing and networking processors, custom application-specific integrated circuits, Ethernet switches and controllers, storage controllers, connectivity products, and electro-optics solutions.