Marvell Technology, Inc. (MRVL) Stock Price & Analysis
Marvell Technology, Inc. (MRVL) is trading at USD 226.19, up 1.22% today, as of October 23, 2026 at 14:21 UTC (US market open; quotes may be delayed), according to Nexqual market data.
MRVL last closed at USD 226.19; today's session has ranged USD 221.38–228.47 on volume of 3,129,718 shares. Market capitalization is —, with a 52-week range of USD 70.69–329.88 (NMS). Source: Nexqual, retrieved October 23, 2026 at 14:21 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MRVL.md
Key facts (MRVL)
- Last four reported quarters (through Aug 1, 2026): revenue $9.45B, net income $2.64B (27.9% margin), free cash flow $1.73B (SEC filings).
- 1 of 80 tracked superinvestors hold MRVL (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Total return with dividends: 1Y +173.7% vs S&P 500 +14.4%; 5Y +236.2% vs S&P 500 +77.0%.
- Next earnings: 2026-12-01, EPS estimate USD 1.1, revenue estimate $3.15B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MRVL)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $4.46B | $5.92B | $5.51B | $5.77B | $8.19B | $9.45B |
| Gross profit | $2.06B | $2.99B | $2.29B | $2.38B | $4.18B | — |
| Operating income | -$348M | $238M | -$568M | -$720M | $1.32B | $1.56B |
| Net income | -$421M | -$164M | -$933M | -$885M | $2.67B | $2.64B |
| EPS (diluted) | -$0.53 | -$0.19 | -$1.08 | -$1.02 | $3.07 | — |
| Free cash flow | $650M | $1.08B | $1.03B | $1.40B | $1.40B | $1.73B |
| Gross margin | 46.3% | 50.5% | 41.6% | 41.3% | 51.0% | — |
| Operating margin | -7.8% | 4.0% | -10.3% | -12.5% | 16.1% | 16.5% |
| Net margin | -9.4% | -2.8% | -16.9% | -15.3% | 32.6% | 27.9% |
| Revenue growth | +50.3% | +32.7% | -7.0% | +4.7% | +42.1% | — |
| Cash + short-term investments | $614M | $911M | $951M | $948M | $2.64B | — |
| Total debt | $4.55B | $4.49B | $4.17B | $4.06B | $4.47B | — |
Fiscal years end Jan. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Aug 1, 2026) (MRVL)
P/E at fiscal year-ends: Jan 2026 25.7x.
Superinvestors (SEC 13F-HR, Q2 2026) (MRVL)
1 of 80 tracked investors hold MRVL. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Lee Ainslie | Maverick Capital | 0.01% | $1.3M | Reduced -97.8% |
Analysts (MRVL)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-07 | UBS | Target raised | Buy | $335 → $350 |
| 2026-10-07 | Jefferies | Target raised | Buy | $325 → $450 |
| 2026-10-07 | JP Morgan | Target raised | Overweight | $305 → $360 |
| 2026-10-07 | Wells Fargo | Target raised | Overweight | $310 → $365 |
| 2026-10-07 | Wolfe Research | Target raised | Outperform | $280 → $375 |
| 2026-10-07 | Morgan Stanley | Target raised | Equal-Weight | $268 → $300 |
| 2026-10-07 | RBC Capital | Target raised | Outperform | $360 → $425 |
| 2026-10-07 | Piper Sandler | Target raised | Overweight | $270 → $400 |
| 2026-10-07 | TD Cowen | Upgrade | Hold → Buy | $245 → $350 |
| 2026-10-07 | StoneX | Target raised | Buy | $275 → $375 |
| 2026-10-07 | Stifel | Target raised | Buy | $350 → $370 |
| 2026-10-07 | Evercore ISI Group | Target raised | Outperform | $275 → $433 |
Total return (dividends reinvested) (MRVL)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +173.7% | +236.2% |
| S&P 500 (SPY) | +14.4% | +77.0% |
| Per year | +173.9% | +27.5% |
| Volatility (annualized) | 78.4% | 56.5% |
| Max drawdown | -48.4% (Jun 2026→Jul 2026) | -60.4% (Jan 2025→Mar 2025) |
MRVL revenue by product line (quarter ended Aug 1, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Data center | $2.17B | 79.3% | +45.7% |
| Communications and other | $567.8M | 20.7% | +10.1% |
| Total revenue | $2.74B | 100% | — |
MRVL revenue by region (quarter ended Aug 1, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| China | $1.16B | 42.4% | +99.1% |
| Other | $592.9M | 21.6% | +38.1% |
| Taiwan | $456.8M | 16.7% | -15.6% |
| Singapore | $337.3M | 12.3% | +138.4% |
| United States | $190.8M | 7.0% | -38.6% |
| Total revenue | $2.74B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
MRVL suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Federal Deposit Insurance | “On March 10, 2023, Silicon Valley Bank ("SVB"), where we maintained certain accounts with an immaterial amount of cash deposits, was placed into receivership with the Federal Deposit Insurance Corporation ("FDIC"), which resulted in all funds held at SVB being temporarily inaccessible by SVB's customers.” |
| Partner | Cisco (CSCO) | “In addition, there has been a trend toward customer consolidation in the semiconductor industry through business combinations, including mergers, asset acquisitions and strategic partnerships (for example, Cisco acquired Acacia Communications in 2021).” |
Quoted from the company's 10-K filed Mar 11, 2026.
Companies that name MRVL in their SEC reports
| Relationship to MRVL | Company | Filing | Sentence |
|---|---|---|---|
| customer | Credo Technology Group Holding Ltd (CRDO) | 10-K Jun 15, 2026 | “Marvell Technology, Inc. (Marvell) and Astera Labs, Inc. (Astera), as well as various cable and optical transceiver suppliers.” |
| competitor | SILICOM LTD. (SILC) | 20-F Apr 28, 2026 | “Marvell, Nvidia, Netronome, Napatech, BittWare, Lanner, and Caswell compete with certain of our Smart Cards.” |
| competitor | NVIDIA CORP (NVDA) | 10-K Feb 25, 2026 | “•networking products consisting of switches, network adapters (including DPUs), and cable solutions (including optical modules) include such as AMD, Arista Networks, Broadcom, Cisco Systems, Inc., Hewlett Packard Enterprise Company, Huawei, Intel, Lumentum Holdings Inc., and Marvell Technology, Inc, as well as internal teams of system vendors and large cloud services companies.” |
| customer | Fortinet, Inc. (FTNT) | 10-K Feb 25, 2026 | “Our limited source components for particular appliances and suppliers of those components include specific types of CPUs from Intel and AMD, network and wireless chips from Broadcom, Marvell, Qualcomm and Intel, and memory devices from Intel, Micron, ADATA, Toshiba, Samsung and Western Digital.” |
| competitor | CIENA CORP (CIEN) | 10-K Dec 12, 2025 | “In addition, as we advance our interconnects and market expansion strategy to address needs inside and around the data center, we will begin to compete with additional competitors, including Marvell Technology Group, Credo Technology Group, and Broadcom.” |
| competitor | MACOM Technology Solutions Holdings, Inc. (MTSI) | 10-K Nov 14, 2025 | “We primarily compete with Analog Devices, Inc. ("ADI"), Broadcom Inc. ("Broadcom"), Credo Technology Group Holding Ltd. ("Credo"), Marvell Technology Inc. ("Marvell"), MaxLinear Inc. ("MaxLinear"), Microchip Technology Incorporated ("Microchip"), NXP Semiconductors N.V. ("NXP"), Qorvo, Inc. ("Qorvo"), Semtech Corporation ("Semtech"), Skyworks Solutions, Inc. ("Skyworks") and Sumitomo Electric Device Innovations, I…” |
| customer | UTSTARCOM HOLDINGS CORP. (UTSI) | 10-K Mar 16, 2011 | “Technology Group Ltd. ("Marvell") supply agreement during the first quarter of 2009.” |
MRVL customer concentration
In the period ended Jan 31, 2026, 2 direct customers each accounted for at least 10% (37%, 14%) of revenue, per the company's 10-K filed Mar 11, 2026. The company does not name them.
MRVL analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Oct 2026) | $1.10 | $1.07 | +2.6% | $3.15B | 34 |
| Next quarter (ends Jan 2027) | $1.36 | $1.24 | +9.8% | $3.73B | 33 |
| Current fiscal year (ends Jan 2027) | $4.22 | $4.06 | +4.1% | $12.07B | 42 |
| Next fiscal year (ends Jan 2028) | $7.33 | $6.24 | +17.4% | $19.71B | 43 |
MRVL options: expected move
Options price a move of about ±18.8% (±$42.83) by Dec 4, 2026, which includes earnings on Dec 1, 2026; the earnings reaction alone is priced at about ±7.7%. Over the last 8 reports the stock moved ±11% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 72.7% | ±8.2% |
| Nov 6, 2026 | 14 | 69.4% | ±11.0% |
| Nov 13, 2026 | 21 | 66.8% | ±12.9% |
| Nov 20, 2026 | 28 | 65.7% | ±14.6% |
| Nov 27, 2026 | 35 | 63.8% | ±15.9% |
| Dec 4, 2026 | 42 | 68.9% | ±18.8% |
| Dec 18, 2026 | 56 | 66.9% | ±21.0% |
| Jan 15, 2027 | 84 | 64.7% | ±24.8% |
30-day implied volatility 65.1% vs 62.6% realized over the last 30 trading days. Put/call ratio (volume) 0.35. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 14:21 UTC)
| Price | USD 226.19 |
|---|---|
| Change | ▲ 1.22% (up) |
| Previous Close | USD 226.19 |
| Open | USD 226.19 |
| Day Range | USD 221.38 – 228.47 |
| 52-Week Range | USD 70.69 – 329.88 |
| Volume | 3,129,718 shares |
| Market Cap | — |
| Exchange | NMS |
Technical Analysis (MRVL)
Nexqual's technical model rates MRVL "SELL" based on 1 bullish and 5 bearish signals across 128 daily candles, as of October 23, 2026 at 14:21 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 41.04 (neutral) |
| vs SMA50 | Below (USD 242.9) |
| MACD | -4.24 (negative) |
Earnings (MRVL)
| Next Earnings Date | 2026-12-01 |
|---|---|
| EPS Estimate | USD 1.1 |
| Revenue Estimate | $3.15B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-07-31 | USD 0.94 vs est 0.93 ▲ beat |
| 2026-04-30 | USD 0.8 vs est 0.79 ▲ beat |
| 2026-01-31 | USD 0.8 vs est 0.79 ▲ beat |
| 2025-10-31 | USD 0.76 vs est 0.74 ▲ beat |
Source: Nexqual, October 23, 2026 at 14:21 UTC.
Financials & Fundamentals (MRVL)
| Total Revenue | $9.45B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +36.50% |
| Gross Margin | +52.22% |
| Operating Margin | +16.68% |
| Profit Margin | +27.93% |
| ROE | +16.52% |
| Debt / Equity | 0.29 |
| Current Ratio | 3.17 |
| Total Cash | $3.93B |
| Total Debt | $5.29B |
Source: Nexqual, October 23, 2026 at 14:21 UTC.
Ownership (MRVL)
| Insider Ownership | +0.50% |
|---|---|
| Institutional Ownership | +81.74% |
| Shares Outstanding | 876.93M |
| Float | 873.82M |
| Short % of Float | +3.21% |
Source: Nexqual, October 23, 2026 at 14:21 UTC.
From Marvell Technology, Inc.'s Latest SEC 10-K Filing (filed 2026-03-11)
Key Strengths & Strategy (as disclosed to the SEC)
- We partner with industry-leading cable manufacturers to deliver optimized, tailor-made AECs that meet the unique requirements of each of our hyperscale data center customers.
- We are focused on incorporating functions currently provided by stand-alone integrated circuits into our integrated platform solutions to reduce our customers' overall system costs.
- The following table summarizes net revenue disaggregated by end market (in millions, except percentages): Our portfolio of solutions integrate multiple analog, mixed-signal and digital intellectual property components incorporating hardware, firmware and software technologies and our system knowledge to provide our customers highly integrated solutions for their end products.
- Our technology density and power differentiators are critical for addressing the fast-growing high-capacity, nearline HDD data center and enterprise markets.
Legal & Regulatory Risks (Item 1A, quoted)
- We may be unable to protect our intellectual property, which would negatively affect our ability to compete.
- We must comply with a variety of existing and future laws and regulations that could impose substantial costs on us and may adversely affect our business.
- Our product or manufacturing standards could also be impacted by new or revised environmental rules and regulations or other social initiatives.
- We have been named as a party to several legal proceedings and may be named in additional ones in the future, including litigation involving our patents and other intellectual property, which could subject us to liability, require us to indemnify our customers, require us to obtain or renew licenses, require us to stop selling our products or force us to redesign our products.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ADI | Analog Devices, Inc. | USD 387 | ▲ 0.32% |
| QCOM | QUALCOMM Incorporated | USD 173.57 | ▲ 0.43% |
| ARM | Arm Holdings plc | USD 211.78 | ▲ 0.8% |
| TXN | Texas Instruments Incorporated | USD 281.46 | ▲ 0.7% |
| INTC | Intel Corporation | USD 86.52 | ▲ 1.2% |
| ASX | ASE Technology Holding Co., Ltd | USD 38.46 | ▲ 1.89% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 14:21 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt