Recent News
On March 31–April 1, 2026 Marvell announced a strategic NVLink Fusion partnership with NVIDIA that includes a multi‑hundred‑million dollar equity commitment and deeper technical cooperation on silicon photonics and interconnects. On February 24, 2026 Marvell highlighted its AI data‑center connectivity roadmap at DesignCon; in mid‑March Marvell demonstrated optical connectivity with Lumentum at OFC 2026. A company release on May 4, 2026 emphasized platform and AI data‑center product showcases.
Technical Analysis
ADX and Directional Indicators — ADX registers 48.34, indicating a very strong trend; DI+ shows a dip & reversal while DI‑ shows a peak & reversal, both conditions read as bullish directional pressure and support continued near‑term upside toward analyst targets.
MACD & Signal — MACD sits at 13.91 with a dip & reversal in the MACD trend, signaling renewed bullish momentum; MACD remains below the signal line (MACD signal 14.22), so momentum recovery has not yet completed a confirming crossover.
MRO (Momentum/Regression Oscillator) — MRO at 40.7 with a peak & reversal indicates the price currently sits above the target and that downside mean‑reversion risk exists if momentum fades; this contrasts with the directional indicators and argues for vulnerability to pullbacks from current levels.
RSI — RSI at 68.01 with a dip & reversal shows rising short‑term momentum close to overbought territory, suggesting limited upside runway without a consolidation phase.
Price Structure & Volume — Price closed at $182.58, trading above the 12‑ and 26‑day EMAs and well above the 200‑day average ($92.74), confirming an established uptrend; the 12‑day EMA trend remains increasing. Price sits between the 1× and 2× upper Bollinger bands, and recent volume (32.4m) exceeds the 10‑day average, supporting trend strength but increasing the probability of volatility and short‑term pullbacks. Beta (42‑day 2.53, 52‑week 2.29) implies materially higher market sensitivity.
Fundamental Analysis
Revenue & Growth — Reported revenue stands at $2,074,500,000 with reported revenue growth of 3.41%. Quarter‑over‑quarter revenue change reads −41.67% QoQ and −82.15% YoY; these QoQ and YoY figures reflect large period‑to‑period swings that require context from company filings.
Profitability — Gross margin equals 51.57% and rose by 123.77% YoY; operating margin equals 17.71% with a QoQ increase of 18.90% and a YoY change of −138.20%. EBIT margin stands at 109.26%, up 6.56% QoQ and down 3.36% YoY; the company’s EBIT margin sits well above the industry peer mean and median. Return on equity equals 13.53% and return on assets equals 9.02%, both positive and improved QoQ.
Cash Flow & Liquidity — Cash and short‑term investments total $2,714,500,000 and operating cash flow equals $582,300,000; free cash flow equals $507,600,000, implying a free cash flow yield of 0.72% and year‑over‑year free cash flow growth showing mixed signals. Current ratio stands at 2.01 and quick ratio at 1.64, reflecting ample near‑term liquidity.
Earnings Per Share — Reported EPS of $0.80 versus an estimate of $0.79 produced an EPS surprise of +1.27%, indicating modest beat versus consensus expectations for the reported period.
Capital Structure & Coverage — Total debt equals $4,777,500,000 with net debt of $1,754,400,000; interest coverage reads 44.27x, underlining low interest burden relative to operating earnings.
Valuation — The current valuation as determined by WMDST: over‑valued. Market multiples show a PE near 109.5, forward PE ~128.1, price‑to‑sales and price‑to‑book ratios elevated, and an enterprise multiple near 28.2; these metrics create a rich valuation profile relative to the stock’s cash‑flow yield and the balance of growth and margin metrics described above.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-10-31 |
| REPORT DATE: | 2026-03-05 |
| NEXT REPORT DATE: | 2026-06-04 |
| CASH FLOW | Begin Period Cash Flow | $ 1.2 B |
| Operating Cash Flow | $ 582.3 M | |
| Capital Expenditures | $ -74.70 M | |
| Change In Working Capital | $ 32.1 M | |
| Dividends Paid | $ -50.80 M | |
| Cash Flow Delta | $ 1.5 B | |
| End Period Cash Flow | $ 2.7 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 2.1 B | |
| Forward Revenue | $ 306.9 M | |
| COSTS | ||
| Cost Of Revenue | $ 1.0 B | |
| Depreciation | $ 86.9 M | |
| Depreciation and Amortization | $ 315.9 M | |
| Research and Development | $ 512.5 M | |
| Total Operating Expenses | $ 1.7 B | |
| PROFITABILITY | ||
| Gross Profit | $ 1.1 B | |
| EBITDA | $ 2.6 B | |
| EBIT | $ 2.3 B | |
| Operating Income | $ 367.4 M | |
| Interest Income | $ 1.9 B | |
| Interest Expense | $ 51.2 M | |
| Net Interest Income | $ 1.9 B | |
| Income Before Tax | $ 2.2 B | |
| Tax Provision | $ 314.1 M | |
| Tax Rate | 14.178 % | |
| Net Income | $ 1.9 B | |
| Net Income From Continuing Operations | $ 1.9 B | |
| EARNINGS | ||
| EPS Estimate | $ 0.79 | |
| EPS Actual | $ 0.80 | |
| EPS Difference | $ 0.01 | |
| EPS Surprise | 1.266 % | |
| Forward EPS | $ 1.33 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 21.6 B | |
| Intangible Assets | $ 13.4 B | |
| Net Tangible Assets | $ 699.5 M | |
| Total Current Assets | $ 5.5 B | |
| Cash and Short-Term Investments | $ 2.7 B | |
| Cash | $ 2.7 B | |
| Net Receivables | $ 1.5 B | |
| Inventory | $ 1.0 B | |
| Long-Term Investments | $ 119.6 M | |
| LIABILITIES | ||
| Accounts Payable | $ 633.7 M | |
| Short-Term Debt | $ 499.5 M | |
| Total Current Liabilities | $ 2.7 B | |
| Net Debt | $ 1.8 B | |
| Total Debt | $ 4.8 B | |
| Total Liabilities | $ 7.5 B | |
| EQUITY | ||
| Total Equity | $ 14.1 B | |
| Retained Earnings | $ 1.0 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 16.56 | |
| Shares Outstanding | 848.600 M | |
| Revenue Per-Share | $ 2.44 | |
| VALUATION | Market Capitalization | $ 70.6 B |
| Enterprise Value | $ 72.7 B | |
| Enterprise Multiple | 28.156 | |
| Enterprise Multiple QoQ | -73.776 % | |
| Enterprise Multiple YoY | -114.39 % | |
| Enterprise Multiple IPRWA | high: 523.732 mean: 67.889 MRVL: 28.156 median: 7.422 low: -94.418 |
|
| EV/R | 35.051 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.535 | |
| Asset To Liability | 2.869 | |
| Debt To Capital | 0.254 | |
| Debt To Assets | 0.221 | |
| Debt To Assets QoQ | -4.573 % | |
| Debt To Assets YoY | 3275.0 % | |
| Debt To Assets IPRWA | high: 0.473 MRVL: 0.221 mean: 0.144 median: 0.134 low: 0.013 |
|
| Debt To Equity | 0.34 | |
| Debt To Equity QoQ | -4.491 % | |
| Debt To Equity YoY | 3411.157 % | |
| Debt To Equity IPRWA | high: 1.676 MRVL: 0.34 mean: 0.244 median: 0.196 low: -0.426 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 5.026 | |
| Price To Book QoQ | 7.437 % | |
| Price To Book YoY | -5.908 % | |
| Price To Book IPRWA | high: 20.719 mean: 5.062 MRVL: 5.026 median: 1.418 low: -0.079 |
|
| Price To Earnings (P/E) | 109.545 | |
| Price To Earnings QoQ | 0.121 % | |
| Price To Earnings YoY | -42.947 % | |
| Price To Earnings IPRWA | high: 286.682 mean: 123.988 MRVL: 109.545 median: 94.39 low: -177.142 |
|
| PE/G Ratio | 8.155 | |
| Price To Sales (P/S) | 34.056 | |
| Price To Sales QoQ | 8.809 % | |
| Price To Sales YoY | -27.719 % | |
| Price To Sales IPRWA | high: 105.407 mean: 40.427 MRVL: 34.056 median: 7.347 low: 1.729 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 128.133 | |
| Forward PE/G | 9.539 | |
| Forward P/S | 488.341 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 199.823 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.098 | |
| Asset Turnover Ratio QoQ | -0.405 % | |
| Asset Turnover Ratio YoY | 29.832 % | |
| Asset Turnover Ratio IPRWA | high: 0.18 median: 0.137 mean: 0.13 MRVL: 0.098 low: 0.016 |
|
| Receivables Turnover | 1.384 | |
| Receivables Turnover Ratio QoQ | -10.467 % | |
| Receivables Turnover Ratio YoY | -6.071 % | |
| Receivables Turnover Ratio IPRWA | high: 4.147 mean: 2.095 median: 1.863 MRVL: 1.384 low: 1.088 |
|
| Inventory Turnover | 0.973 | |
| Inventory Turnover Ratio QoQ | 3.704 % | |
| Inventory Turnover Ratio YoY | -30.095 % | |
| Inventory Turnover Ratio IPRWA | high: 1.367 median: 1.367 mean: 1.146 MRVL: 0.973 low: 0.293 |
|
| Days Sales Outstanding (DSO) | 65.936 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 103.595 | |
| Cash Conversion Cycle Days QoQ | -1.322 % | |
| Cash Conversion Cycle Days YoY | -3.708 % | |
| Cash Conversion Cycle Days IPRWA | high: 241.472 median: 109.359 MRVL: 103.595 mean: 93.589 low: -150.871 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.747 | |
| CapEx To Revenue | -0.036 | |
| CapEx To Depreciation | -0.86 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 18.0 B | |
| Net Invested Capital | $ 18.5 B | |
| Invested Capital | $ 18.5 B | |
| Net Tangible Assets | $ 699.5 M | |
| Net Working Capital | $ 2.8 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.992 | |
| Current Ratio | 2.014 | |
| Current Ratio QoQ | 7.091 % | |
| Current Ratio YoY | 26.115 % | |
| Current Ratio IPRWA | high: 6.514 mean: 3.107 median: 2.618 MRVL: 2.014 low: 0.149 |
|
| Quick Ratio | 1.644 | |
| Quick Ratio QoQ | 13.93 % | |
| Quick Ratio YoY | 48.086 % | |
| Quick Ratio IPRWA | high: 4.732 mean: 2.688 median: 2.42 MRVL: 1.644 low: 0.377 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 1.85 | |
| Cost Of Debt | 0.92 % | |
| Interest Coverage Ratio | 44.27 | |
| Interest Coverage Ratio QoQ | 760.669 % | |
| Interest Coverage Ratio YoY | -400.463 % | |
| Interest Coverage Ratio IPRWA | high: 195.635 median: 195.635 mean: 149.825 MRVL: 44.27 low: -27.439 |
|
| Operating Cash Flow Ratio | 0.798 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 57.032 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 37.427 | |
| Dividend Payout Ratio | 0.027 | |
| Dividend Rate | $ 0.06 | |
| Dividend Yield | 0.001 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 4.822 % | |
| Revenue Growth | 3.41 % | |
| Revenue Growth QoQ | -41.67 % | |
| Revenue Growth YoY | -82.152 % | |
| Revenue Growth IPRWA | high: 12.933 % mean: 6.533 % median: 5.674 % MRVL: 3.41 % low: -27.848 % |
|
| Earnings Growth | 13.433 % | |
| Earnings Growth QoQ | 66.559 % | |
| Earnings Growth YoY | -69.001 % | |
| Earnings Growth IPRWA | high: 104.0 % mean: 14.345 % MRVL: 13.433 % median: 7.534 % low: -82.857 % |
|
| MARGINS | ||
| Gross Margin | 51.569 % | |
| Gross Margin QoQ | 2.368 % | |
| Gross Margin YoY | 123.766 % | |
| Gross Margin IPRWA | high: 97.585 % mean: 65.699 % median: 62.326 % MRVL: 51.569 % low: 14.487 % |
|
| EBIT Margin | 109.26 % | |
| EBIT Margin QoQ | 655.549 % | |
| EBIT Margin YoY | -335.698 % | |
| EBIT Margin IPRWA | MRVL: 109.26 % high: 66.654 % median: 56.917 % mean: 55.395 % low: -7.228 % |
|
| Return On Sales (ROS) | 17.71 % | |
| Return On Sales QoQ | 18.899 % | |
| Return On Sales YoY | -138.204 % | |
| Return On Sales IPRWA | high: 63.169 % median: 54.0 % mean: 52.744 % MRVL: 17.71 % low: -7.228 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 507.6 M | |
| Free Cash Flow Yield | 0.718 % | |
| Free Cash Flow Yield QoQ | 9.119 % | |
| Free Cash Flow Yield YoY | 11.318 % | |
| Free Cash Flow Yield IPRWA | high: 2.999 % MRVL: 0.718 % mean: 0.496 % median: 0.495 % low: -2.378 % |
|
| Free Cash Growth | 22.906 % | |
| Free Cash Growth QoQ | -75.605 % | |
| Free Cash Growth YoY | -72.111 % | |
| Free Cash Growth IPRWA | high: 561.157 % median: 163.062 % mean: 114.066 % MRVL: 22.906 % low: -105.836 % |
|
| Free Cash To Net Income | 0.267 | |
| Cash Flow Margin | 105.216 % | |
| Cash Flow To Earnings | 1.148 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 9.018 % | |
| Return On Assets QoQ | 840.355 % | |
| Return On Assets YoY | -366.726 % | |
| Return On Assets IPRWA | MRVL: 9.018 % high: 6.617 % median: 6.617 % mean: 5.847 % low: -0.885 % |
|
| Return On Capital Employed (ROCE) | 12.029 % | |
| Return On Equity (ROE) | 0.135 | |
| Return On Equity QoQ | 832.185 % | |
| Return On Equity YoY | -367.471 % | |
| Return On Equity IPRWA | MRVL: 0.135 high: 0.105 median: 0.093 mean: 0.088 low: -0.072 |
|
| DuPont ROE | 13.839 % | |
| Return On Invested Capital (ROIC) | 10.5 % | |
| Return On Invested Capital QoQ | 676.627 % | |
| Return On Invested Capital YoY | -87.753 % | |
| Return On Invested Capital IPRWA | MRVL: 10.5 % high: 7.873 % median: 7.873 % mean: 6.675 % low: -5.582 % |
|