TLDR
- Marvell reports Fiscal Q2 2027 earnings after market close on Thursday, August 27
- MRVL stock is up 188% year-to-date and has risen in 6 of its last 8 post-earnings sessions
- Wall Street expects adjusted EPS of $0.93 and revenue of $2.72 billion
- Marvell recently secured a major custom chip deal with Alphabet, including warrants tied to $120 billion in potential purchases
- Analysts hold a Strong Buy consensus with an average price target of $295.42
Marvell Technology reports Fiscal Q2 2027 earnings after the close on Thursday, one day after NVIDIA delivered a blowout quarter that sent a strong signal about AI infrastructure demand.
Marvell Technology, Inc., MRVL
MRVL stock was trading at around $242.86 ahead of the report, down roughly 0.91% on the day. The stock has surged 188% year-to-date and is up over 217% in the past 12 months.
Wall Street is looking for adjusted EPS of $0.93 and revenue of $2.72 billion. Marvell has beaten EPS estimates in 7 of the past 8 quarters and has matched or beaten revenue estimates in all 8.
NVIDIA’s results on Wednesday were hard to ignore. The chipmaker posted revenue of $96.2 billion, with data center sales up 117% year over year. It guided next-quarter revenue to $108 billion, well above expectations.
That sets a high bar for Marvell. The question now is whether AI spending is filtering down from GPUs into the networking, interconnect, and custom silicon layers that Marvell operates in.
Marvell’s data center segment has been growing quickly as hyperscalers invest heavily in their networks. That segment will be the number investors watch most closely on Thursday.
Custom Silicon Deal in Focus
The most closely watched part of the Marvell story right now is its custom silicon business. The company recently signed a deal with Alphabet that included warrants tied to $120 billion in potential purchases.
That news rattled Broadcom, long the leader in custom AI chips, whose stock dropped more than 10% after the announcement. For Marvell, it was a clear signal that its custom chip ambitions are gaining real traction.
Any management commentary on the pipeline for future custom chip wins will get a lot of attention on the call.
Valuation Leaves Little Margin
After a near 30% rise in the past month alone, the stock is trading at roughly 84 times trailing earnings and about 25 times sales. That kind of valuation leaves very little room for a guidance miss.
This earnings season has shown repeatedly that even strong results can trigger a sell-off if the outlook only meets expectations. Marvell faces the same dynamic.
Historically, the stock has performed well after earnings. It has risen in 6 of the past 8 post-earnings sessions, including a 23% jump after the December 2024 report and an 18% gain after March 2026 results.
The two negative sessions saw drops of 19.81% and 18.6%, so the swings can go either way.
Among 39 analysts, Marvell holds a Moderate Buy consensus with an average price target of $258.42, about 4% above the current price. The most bullish target on the Street sits at $400.
A separate set of 27 analysts carries a Strong Buy rating with a higher average target of $295.42.
Trading volume on Thursday was around 8 million, well below the three-month daily average of 37.71 million, suggesting traders are waiting on the results before making moves.
Stop guessing and start investing with confidence. KnockoutStocks gives you the AI insights, market intelligence, and stock research you need to spot opportunities, cut through the noise, and make smarter investment decisions — all in one powerful platform.
Sign up today and get 50% OFF full access to our premium stock picks.
Simply use coupon code SPECIAL50 at checkout to claim your exclusive discount.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
