Marvell Technology (MRVL) surged 12% since my last article and hit my $98 price target after a strong FQ3 2026 report. MRVL delivered double-digit top and bottom-line growth, with AI-driven demand fueling significant momentum and an 8% after-hours rally. Despite a 33x forward P/E, a 38% premium to peers, MRVL remains undervalued if current growth persists, supporting further multiple expansion.
Marvell Technology earns a Strong Buy rating after robust Q3 earnings, strong guidance, and compelling valuation in the AI-driven data infrastructure market. MRVL's diversified business mix, with 75% revenue from data centers, benefits from accelerating AI infrastructure capex by major cloud players. The company's acquisition of Celestial AI positions MRVL to address critical data center bottlenecks with next-generation photonic interconnect technology.
Marvell Technology, Inc. (MRVL) Q3 2026 Earnings Call Transcript
Although the revenue and EPS for Marvell (MRVL) give a sense of how its business performed in the quarter ended October 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Marvell Technology (MRVL) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.43 per share a year ago.
Marvell talked up dramatic new growth projections that are meaningfully higher than Wall Street was expecting.
Semiconductor company Marvell on Tuesday announced that it will acquire Celestial AI for at least $3.25 billion in cash and stock. The purchase price could increase to $5.5 billion if Celestial hits revenue milestones, Marvell said.
Marvell posted a third-quarter profit of $1.90 billion, a significant improvement from a $676.3 million loss a year prior. It also announced it is acquiring Celestial AI for $3.25 billion in cash and stock.
Marvell Technology Group Ltd. (NASDAQ:MRVL) is reportedly in advanced discussions to acquire AI-focused chip startup Celestial AI in a deal valued at over $5 billion, according to a report by The Information.
Tech newsletter The Information reported that U.S. chipmaker Marvell Technology is in advanced talks to acquire chip startup Celestial AI in a cash-and-stock deal potentially valued at more than $5 billion. So why could Marvell be making this move?
In the closing of the recent trading day, Marvell Technology (MRVL) stood at $89.4, denoting a +1.92% move from the preceding trading day.
Marvell readies its Q3 report with strong revenue growth forecasts and accelerating AI-driven momentum across key segments.