Why Marvell Technology, Inc. (MRVL) stock fell 12.7% on Monday, November 2, 2026

Marvell Technology, Inc. (MRVL) closed at $171.41, down 12.72% on Monday, November 2, 2026, on volume of 60,681,550 shares (2.8× its 3-month average); market value about $154.00B.

What happened: primary sources

Events Nexqual found for MRVL on Monday, November 2, 2026 or the trading day before (October 30, 2026):

• Nov 2, 2026: Reported quarterly results (SEC 8-K) for the quarter ended Jul 31, 2026: EPS $0.94 vs consensus $0.93 (beat), on the analysts' basis (usually adjusted, not GAAP). source
• Nov 2, 2026: SEC 8-K: Entered a material agreement source
  Quoted from the filing: “The Merger On November 1, 2026, Marvell Technology, Inc., a Delaware corporation (" Marvell ") entered into an Agreement and Plan of Merger (the " Merger Agreement ") with Lumentum Holdings Inc., a Delaware corporation (" Lumentum "), Java Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Marvell (" Merger Sub I ") and Java Merger Sub II, Inc., a Delaware corporation and a wholly owned subsidiary of Marvell (" Merger Sub II " and together with Merger Sub I, each a " Merger Sub " and…”
• Nov 2, 2026: SEC 425: Merger or acquisition communication source
• Nov 2, 2026: SEC 425: Merger or acquisition communication source
• Nov 2, 2026: One of 3 Semiconductors stocks among the day's biggest losers (MRVL, CBRS, ALAB), with no comparable group among the biggest gainers

These are listed as context. A filing or rating change on the same day is not proof that it caused the move; read the source.

More on MRVL

MRVL stock page: price, SEC financials, insider trades, superinvestor holders, analyst estimates and options. Other big moves that day: November 2, 2026.

Sources: SEC EDGAR, Nexqual Earnings Flash, analyst rating changes, Nexqual market data. Built November 4, 2026 at 10:45 UTC. Not investment advice.

Data source: Nexqual. Last updated: November 4, 2026 at 10:45 UTC. This page is informational and not investment advice.

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