Marvell Technology, Inc. (MRVL)
Information Technology · Semiconductors · US stock · S&P 500 component
$227.83
▼ -13.41 (5.56%)
Fair valueData under review
$48
$24fair band $29–$68$72
Day's range
$226.52 – $237.64
52-week range
$70.62 – $329.73
About Marvell Technology, Inc.
Data infrastructure is the focus of Marvell Technology, which designs semiconductors for it. Its products include custom chips for cloud operators, optical connectivity devices, Ethernet switching, storage controllers and processors for carrier networks and cars. It does not run its own factories but works with outside manufacturers. Customers are cloud and data centre operators, network equipment makers, telecom carriers and automotive suppliers.
Revenue reached $9.5 billion over the last twelve months, earned by supplying chips and related designs to equipment makers and cloud companies. Sales have grown at 11.4% a year across the last three years. The operating margin is 16.5%, the business earns 6% on the capital invested in it, and net debt is 0.7 times EBITDA. The dividend yield is 0.1%. On the site's X-Ray Score it receives 31 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $70.62 – $329.73Volume 21,358,432Daily, split-adjusted
Vitals
Market cap$209.9B
52-week range$70.62 – $329.73
Volume (last day)21,358,432
P/E (TTM)76.5
EBIT / EV yield0.7%
Free-cash-flow yield0.8%
Dividend yield0.1%
Revenue (TTM)$9.5B
Net income (TTM)$2.6B
Operating margin16.5%
Return on capital6.3%
Debt incl. leases$5.0B
Cash & securities$3.9B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$48model spread $47 – $51
Data under review
+0.0% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Earnings are far above the company's own 3-year history, so models would extrapolate a possible peak
Price $228
Undervalued < $29Fair $29 – $68Overvalued > $68
10-year DCF (market-scaled)
$27
Peer multiples
$55
Earnings power floor (not blended)
$-4
Fundamentals-adjusted multiple
$63
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Read the lenses below
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Valuation
Weak
10/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield0.7%
Free-cash-flow yield0.8%
Fair value vs price0.2×
Growth
Fair
54/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)11.4%
Growth consistency80%
Profitability
Weak
20/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital6.3%
Operating margin16.5%
Gross profitability17.9%
Financial health
Weak
47/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA0.7×
Interest cover7.2×
Dividends
Weak
33/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield0.1%
Dividends vs free cash flow13%
Dividend growth0.1%
Quarterly results: last 6 quarters
+63.3%
May '25
+57.6%
Aug '25
+36.8%
Nov '25
+22.1%
Jan '26
+27.6%
May '26
+36.5%
Aug '26
Revenue against the same quarter a year earlier. Latest quarter revenue $2.7B, diluted EPS $0.33.
Compare with peers
MU Micron Technology Inc77 FSLR First Solar, Inc.67 NVDA Nvidia Corp65 QCOM Qualcomm Inc57Other Semiconductors companies by X-Ray Score.
Fundamentals checklist
● 1 Good · ● 6 Average · ● 8 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldBad
Risk models
Altman Z''Average
Piotroski F-ScoreAverage
Growth
Free-cash-flow growth (3y)Average
Revenue growth (3y)Average
Growth consistencyBad
Balance sheet
Current ratioGood
Net debt / EBITDAAverage
Interest coverBad
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginAverage
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 30/100.
Financials
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $4.5B | $5.9B | $5.5B | $5.8B | $8.2B |
| Operating income | −$348M | $238M | −$568M | −$720M | $1.3B |
| Net income | −$421M | −$164M | −$933M | −$885M | $2.7B |
| Operating cash flow | $819M | $1.3B | $1.4B | $1.7B | $1.8B |
| Operating margin | -7.8% | 4.0% | -10.3% | -12.5% | 16.1% |
| Free cash flow | $650M | $1.1B | $1.0B | $1.4B | $1.4B |
| Diluted EPS | $-0.53 | $-0.19 | $-1.08 | $-1.02 | $3.07 |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
7 bullish · 1 neutral · 8 bearish
Weekly
Bullish
8 bullish · 1 neutral · 3 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 264.2 | Bearish |
| EMA 10 | 255.1 | Bearish |
| SMA 20 | 263.1 | Bearish |
| EMA 20 | 255.9 | Bearish |
| SMA 50 | 241.0 | Bearish |
| EMA 50 | 244.7 | Bearish |
| SMA 100 | 240.7 | Bearish |
| EMA 100 | 226.1 | Bullish |
| SMA 200 | 175.8 | Bullish |
| EMA 200 | 191.2 | Bullish |
Oscillators (daily)
| RSI (14) | 37.55 | Neutral |
| MACD (12, 26) | 2.57 | Bullish |
| Momentum (12) | -13.75 | Bearish |
| Stochastic %K (14) | 1.75 | Bullish |
| Williams %R (14) | -98.25 | Bullish |
| CCI (20) | -218.3 | Bullish |
Pivot points (classic, last session)
S3 212.6 | S2 219.5 | S1 223.7 | Pivot 230.7 | R1 234.8 | R2 241.8 | R3 245.9 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
0.24 USD
Yield on today's price
0.11%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 9 Oct 2026 | 0.0600 |
| 10 Jul 2026 | 0.0600 |
| 10 Apr 2026 | 0.0600 |
| 9 Jan 2026 | 0.0600 |
| 10 Oct 2025 | 0.0600 |
| 11 Jul 2025 | 0.0600 |
| 11 Apr 2025 | 0.0600 |
| 10 Jan 2025 | 0.0600 |
| 11 Oct 2024 | 0.0600 |
| 12 Jul 2024 | 0.0600 |
| 11 Apr 2024 | 0.0600 |
| 4 Jan 2024 | 0.0600 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
MRVL SEC filings
25 Sep 2026
8-KSEC EDGAR
Other events
28 Aug 2026
10-QSEC EDGAR
Quarterly report
27 Aug 2026
8-KSEC EDGAR
Results of operations
19 Aug 2026
8-KSEC EDGAR
Entered a material agreement
9 Jul 2026
8-KSEC EDGAR
Other events
25 Jun 2026
8-KSEC EDGAR
Shareholder vote results; Other events
11 Jun 2026
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
28 May 2026
10-QSEC EDGAR
Quarterly report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.