MRVL

Marvell Technology has gained more than 200% in the past 12 months. It just reported record revenue, guided above expectations, and told investors that growth would accelerate every single quarter through the rest of the fiscal year. For Barclays analyst Tom O'Malley, that was enough to nearly double his price target in a single note. O'Malley raised his price target on Marvell Technology (MRVL) to $275 from $150 and maintained his overweight rating following the company's Q1 FY2027 earnings release on May 27, according to TipRanks. That is an 83% increase in a single note, and the rationale is specific. Barclays cited Marvell's upward revision to its outlook for fiscal 2027 and 2028 as the primary driver. The company expects its data center business to grow 50% in FY2027 and 55% in FY2028. More Wall Street: JPMorgan resets S&P 500 price target for the rest of 2026 Vanguard challenges the S&P 500 as a one-stop strategy Goldman Sachs resets Broadcom stock forecast Interconnect revenue is projected to rise more than 70% year over year in FY2027. Custom silicon revenue is expected to exceed $10 billion by 2028. Marvell's own management commentary made Barclays' case easier to argue. The company said revenue growth is expected "to continue accelerating each quarter" for the rest of the fiscal year. For an analyst trying to justify an 83% target increase, that is a useful data point. Q1 FY2027 revenue came in at $2.42 billion, up 9% sequentially. The data center segment led the way with 11% sequential growth, Investing.com reported. The Q2 guidance range came in modestly above Wall Street estimates. Marvell has posted 42% revenue growth over the trailing 12 months. Analysts are now forecasting 33% revenue growth for FY2027. The stock has gained 208% over the past year, TipRanks confirmed. It was trading at approximately $196.32 with a market cap of $171 billion at the time of the note. The Barclays thesis is not about Marvell as a general semiconductor company. It is specifically about what happens to Marvell's revenue when hyperscaler data center spending stays elevated and custom silicon demand accelerates alongside it. Marvell's custom ASIC business has become one of the most closely watched revenue lines in the AI infrastructure trade. Large cloud providers are increasingly commissioning custom chips for specific workloads rather than buying general-purpose a...

Marvell Technology (MRVL) delivered solid first-quarter fiscal 2027 financial results. The semiconductor company posted solid revenue growth, raised its long-term expectations, and signaled that demand across its AI infrastructure portfolio remains exceptionally strong. In particular, Marvell’s data center business remains the biggest beneficiary of the ongoing AI spending boom. Further, management’s guidance indicates that Marvell has entered a phase where its growth is expected to accelerate, supporting the stock’s bull case. ARM Stock Is Valued for Eternity, But Silicon Has an Expiration Date Qualcomm Stock Just Hit New Record Highs. Investors Can Thank a ByteDance Deal. Ford Stock Is Moving Like Tesla Now. Its Results Can’t Justify the Premium. Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. However, investors shouldn’t rush to buy MRVL stock as valuation remains the key concern after a sharp rally. Marvell reported quarterly revenue of $2.42 billion, up 28% year-over-year and 9% sequentially. Its adjusted earnings per share (EPS) rose 29% to $0.80. More importantly, management pointed to exceptionally strong bookings across its data center portfolio, signaling that demand remains robust. That strength is now translating into materially stronger guidance. For the second quarter, Marvell expects revenue to rise 12% sequentially and 35% year-over-year at the midpoint. More importantly, the company expects data center revenue to grow in the mid to high teens sequentially and roughly 45% annually, marking an acceleration in growth. A major driver behind that momentum is Marvell’s interconnect business, which has become increasingly critical in large-scale AI deployments. Management now expects its interconnect business to grow more than 70% year-over-year in fiscal 2027, significantly above its earlier forecast of roughly 50% growth. The increase is being driven by stronger demand for scale-out networking as well as growing contributions from scale-up and scale-across architectures. The company is also seeing increasing traction in custom AI chips and Ethernet switching. Management said it now has visibility into more than $10 billion in annual custom silicon revenue by fiscal 2029. Earlier this year, Marvell projected quarterly revenue would approach $3 billion by the end of fisc...

Marvell Technology MRVL came out with first-quarter fiscal 2027 earnings of 80 cents per share, in line with the Zacks Consensus Estimate. The company reported earnings of 62 cents per share a year ago. The bottom line increased 29% year over year. Marvell Technology’s earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters, while missing the same on two occasions, with an average surprise of 0.4%. MRVL’s first-quarter fiscal 2027 revenues of $2.42 billion surpassed the Zacks Consensus Estimate by 0.59%. MRVL reported revenues of $1.90 billion in the year-ago quarter. The top-line record was built on demand in both reported end markets. Data center revenues increased 27% year over year and 11% sequentially to $1.83 billion. Communications and other revenues were $585 million, up 29% year over year and 3% sequentially. Marvell Technology, Inc. price-consensus-eps-surprise-chart | Marvell Technology, Inc. Quote Management pointed to “exceptional AI-related bookings” across its data center lineup and guided for continued sequential acceleration as fiscal 2027 progresses. The message was that AI buildout is pulling through multiple product families, including optical interconnect, custom silicon and switching. Marvell Technology emphasized strength in 800G PAM4 products, a quick ramp of 1.6T solutions and expanding traction in Ethernet switching as networking becomes more critical in larger AI clusters. The company also said the shift toward larger, multi-site AI systems is increasing the importance of data center interconnect modules. Strategically, MRVL highlighted an expanded partnership with NVIDIA across optics, NVLink Fusion integration and AI-RAN, intended to connect its custom silicon and optical networking capabilities into the NVIDIA ecosystem. Management said it has a line of sight to a $1 billion annualized DCI module revenue run rate during fiscal 2028. MRVL reported non-GAAP gross margin of 58.9%. Non-GAAP operating margin was 35.0%, supported by $846.9 million of non-GAAP operating income. MRVL’s non-GAAP operating expenses were $576.9 million as the company continued investing in AI growth priorities. Operating cash flow was a record $638.8 million in the quarter. Cash and cash equivalents ended the period at $3.84 billion compared with $2.64 billion posted on Jan. 31, 2026. MRVL’s total debt stood at $4.96 billion. M...

Dow Jones futures fell slightly early Thursday overnight, along with S&P 500 futures and Nasdaq futures. Oil prices rose somewhat. Marvell Technology rose slightly on earnings while Snowflake surged. The Fed's favorite inflation gauge, the core PCE price index, is due before the open.

Credo Technology Group Holding Ltd CRDO is scheduled to report fourth-quarter fiscal 2026 results on June 1, after the closing bell. The Zacks Consensus Estimate for the bottom line for the to-be-reported quarter stands at $1.03, indicating a 194.3% year-over-year surge. The estimate has remained unchanged in the past 30 days. The Zacks Consensus Estimate for total revenues is pinned at $430.08 million, implying a 153% increase. For the fiscal fourth quarter, CRDO expects revenues to be between $425 million and $435 million. Credo’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 31.6%. Image Source: Zacks Investment Research Let us see how CRDO is expected to fare in terms of revenues and earnings this time. Our proven model does not conclusively predict an earnings beat for CRDO this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is not the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. CRDO has an Earnings ESP of 0.00% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here. Credo’s fiscal fourth-quarter performance is likely to have been driven by strong demand for its active electrical cables (“AEC”) and optical products, along with deeper engagement with hyperscalers. On the last earnings call, management noted that revenues more than doubled from fiscal 2024 to 2025, and the company expects the metric to triple from fiscal 2025 to 2026, with management putting the number just north of $1.3 billion for fiscal 2026. This implies that Credo will have achieved more than six times the revenue growth within two years. Three hyperscalers each contributed more than 10% of total revenues in the last reported quarter, reflecting strong adoption of Credo’s high-reliability AEC solutions. Credo has also secured a fifth hyperscaler customer, further strengthening its position within the global cloud ecosystem. Beyond the traditional hyperscalers, Credo is also seeing increasing demand from emerging Neocloud providers. AECs remain Credo’s fastest-growing product line and the primary revenue driver as these now play an increasingly critical role in AI-driven networking deployments. According to Credo...

Interested in Marvell Technology, Inc.? Here are five stocks we like better. Marvell posted record first-quarter revenue of $2.418 billion, with non-GAAP EPS of $0.80, beating the midpoint of guidance. Data center was the dominant business, accounting for 76% of total revenue. The company lifted its outlook for fiscal 2027 and 2028, now expecting roughly $11.5 billion in fiscal 2027 revenue and about $16.5 billion in fiscal 2028. Management said the upgrade is being driven mainly by accelerating AI-related demand in data center and interconnect products. AI infrastructure remains the key growth engine, with record $1.83 billion data center revenue in Q1 and strong demand across optical interconnect, custom silicon and switching. Marvell also highlighted its expanded partnership with NVIDIA and several acquisitions aimed at strengthening its AI networking and photonics portfolio. Qualcomm's TikTok AI Chip Deal Rewrites the Rules Marvell Technology (NASDAQ:MRVL) reported record revenue for its first fiscal quarter of 2027 and raised its revenue outlook for both fiscal 2027 and fiscal 2028, citing accelerating demand across its data center portfolio and continued customer investment in artificial intelligence infrastructure. Chairman and Chief Executive Officer Matt Murphy said Marvell generated first-quarter revenue of $2.418 billion, up 9% sequentially and 28% from a year earlier. The result exceeded the midpoint of the company’s guidance, while non-GAAP earnings per share of $0.80 came in $0.01 above the midpoint of guidance. → Voya Financial Grows Earnings Across All 3 Business Segments A Deep Dive Into NVIDIA’s Latest Portfolio Moves “We are seeing strong demand and exceptional bookings across our entire data center portfolio,” Murphy said. Chief Financial Officer Willem Meintjes said data center was Marvell’s largest end market in the quarter, contributing 76% of total revenue. GAAP gross margin was 52.1%, while non-GAAP gross margin was 58.9%. GAAP earnings per diluted share were $0.04, and non-GAAP earnings per diluted share rose 29% year over year to $0.80. → SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns Insider Sales: Top AST SpaceMobile Insider Cuts Postion Over 30% For the second fiscal quarter, Marvell expects revenue of $2.7 billion, plus or minus 5%, representing 12% sequential growth and 35% year-over-year growth at the mid...

US stock futures edged up as a wave of tech earnings boosted confidence in the AI trade. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) rose roughly 0.1%. Futures attached to the tech-heavy Nasdaq 100 (NQ=F) hovered just about the flatline. After the closing bell, Snowflake (SNOW), Marvell (MRVL), and HP (HP) reported strong earnings results that showcased AI driving spending on cloud, chips, and computers. Snowflake’s earnings and its announcement of a $6 billion deal with Amazon Web Services stole the after-hours show, sending its stock up more than 30%. Salesforce (CRM) earnings, meanwhile, also beat Wall Street’s expectations, but a tepid forecast stoked investor concerns about AI disrupting the software business. In day trading, stocks cautiously rose to records as investors continued to wait for an official update on US-Iran negotiations. On Thursday, Wall Street will receive the latest reading of the Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures index. The data will indicate whether rising prices are increasing pressure on the central bank to raise interest rates. Earnings season also continues to draw to a close Thursday, with Costco Wholesale (COST), Dell Technologies (DELL), Dollar Tree (DLTR), Best Buy (BBY), and The Gap (GAP) expected to report their results.

The data-center boom is still going strong for Marvell Technology The chip company reported better-than-expected first-quarter revenue and sees higher revenue than expected in the current quarter. Marvell stock gained 6.5% in after-hours trading following the results. Marvell reported revenue of $2.42 billion, compared with Wall Street estimates of $2.41 billion, according to FactSet.

Marvell Technology (MRVL) came out with quarterly earnings of $0.8 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.62 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -0.39%. A quarter ago, it was expected that this chipmaker would post earnings of $0.79 per share when it actually produced earnings of $0.8, delivering a surprise of +1.27%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Marvell, which belongs to the Zacks Electronics - Semiconductors industry, posted revenues of $2.42 billion for the quarter ended April 2026, surpassing the Zacks Consensus Estimate by 0.59%. This compares to year-ago revenues of $1.9 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Marvell shares have added about 145.1% since the beginning of the year versus the S&P 500's gain of 9.8%. While Marvell has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Marvell was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It wil...

Hewlett Packard Enterprise HPE is scheduled to report second-quarter fiscal 2026 results after market close on June 1, 2026. HPE anticipates revenues of $9.6 billion to $10 billion for second-quarter fiscal 2026. The Zacks Consensus is pegged at $9.82 billion, suggesting growth of approximately 28.7% from the year-ago quarter’s reported figure. For the fiscal second quarter, the company expects non-GAAP earnings of 51 cents to 55 cents. The Zacks Consensus Estimate for HPE’s fiscal second-quarter earnings is pegged at 54 cents per share, reflecting a 42.11% increase year over year. The consensus mark for earnings has remained unchanged over the past 60 days. In the trailing four quarters, Marvell’s earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, with an average surprise of 7.34%. Hewlett Packard Enterprise Company price-eps-surprise | Hewlett Packard Enterprise Company Quote Hewlett Packard Enterprise’s networking and AI-focused portfolio is gaining momentum, supported by strong demand trends, Juniper integration progress and disciplined execution. Rising customer orders across networking, servers and storage are likely to have reflected positively in the to-be-reported quarter. HPE’s Networking segment has emerged as a major growth engine following the Juniper Networks acquisition. Networking revenues surged 152% year over year in the first quarter of fiscal 2026, driven by robust demand for wireless, routing and data center switching solutions. HPE's networking revenues will continue to grow rapidly, supported by ongoing AI infrastructure deployments and enterprise modernization initiatives in the second quarter of fiscal 2026. HPE is also benefiting from rising investments in Networks for AI. HPE now expects cumulative Networks for AI orders to reach $1.7-$1.9 billion by fiscal 2026-end. Strong demand for Juniper QFX switches and PTX/MX routing products, combined with the demand for WiFi 7 access point volumes, increased more than 10 times year over year in the first quarter of fiscal 2026 and is likely to have remained in the to-be-reported quarter. Devices connected to Aruba Central and Mist cloud platforms are also tailwinds. Traction in Alletra MP storage, Greenlake and VM Essentials virtualization is likely to have stayed put due to network modernization in the to-be-repo...

Earnings season is winding down, with nearly all first quarter reports in the rearview mirror. S&P 500 companies have largely reported solid results and printed profits so far, even amid ongoing risks from the Iran war. The index is on track for double-digit earnings growth. This week, market watchers will get some fresh updates from computer hardware companies, software companies, and retail companies, among others. Zscaler (ZS), Marvell Technology (MRVL), Salesforce (CRM), Costco Wholesale (COST), Abercrombie & Fitch (ANF), and Dell Technologies (DELL) are among the companies reporting this week.

Image source: The Motley Fool. May 27, 2026 President and Chief Executive Officer — Matthew J. Murphy Chief Financial Officer — Willem A. Meintjes Chief Operating Officer — Christopher Koopmans Need a quote from a Motley Fool analyst? Email [email protected] Matthew J. Murphy: Yes. Thanks Ashish and good afternoon everyone. For the first quarter of fiscal 27 Marvell delivered record revenue of $2.418 billion reflecting 9% sequential and 28% year over year growth. Revenue exceeded the midpoint of guidance and as a result non-GAAP earnings per share of $0.80 exceeded the midpoint of guidance by $0.01 We are seeing strong demand and exceptional bookings across our entire data center portfolio. This robust demand is reflected in our guidance for the second quarter of 27, which we expect total company revenue to grow 12% sequentially and 35% year over year at the midpoint. $2.7 billion. On our earnings call last quarter, we indicated that beginning in Q2, we expected quarterly revenue growth throughout fiscal 27 to trend in the high single digit range sequentially on a percentage basis, Q4 revenue exiting the fiscal year at approximately $3 billion We are now guiding Q2 revenue to grow double digits sequentially, and we expect Q3 and Q4 revenue to also grow by at least 10% sequentially, as a result, we now expect $3 billion in quarterly revenue in Q3. Reaching approximately 50% by Q4. As a result, we now expect overall Marvell revenue fiscal 27 to grow approximately 40% year over year to nearly $11.5 billion The increase in our revenue outlook continues to be driven by our data center which we now expect to grow approximately 50% this fiscal year. Notably, we expect our interconnect business to grow more than 70% year over year, well above our prior expectation of 50% growth. I will provide additional color on our interconnect business later in today's call. For our communications and other end markets, we continue to expect revenue growth of approximately 10% in fiscal 27. Now looking ahead to fiscal 28, we are planning for the rate of cloud CapEx growth to moderate into the 30%-plus range, we expect strong data center revenue growth for Marvell to continue. We expect our interconnect business to continue to outpace cloud CapEx growth reflecting strong 1.6T demand from scale out networking and more meaningful contributions from scale-up, scale-across networking. Now e...