Semiconductor giant Marvell Technology (MRVL) is scheduled to report its second-quarter fiscal 2026 earnings on August 28. Wall Street remains highly optimistic about Marvell’s potential Q2 beat and its long-term growth prospects, backed by strong demand for its artificial intelligence (AI)-driven products. Notably, Marvell has exceeded Wall Street’s expectations in seven of the past eight consecutive quarters.
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On TipRanks, MRVL stock has a Strong Buy consensus rating based on 25 Buys and six Hold ratings. The average Marvell Technology price target of $91.07 implies 24.8% upside potential from current levels. Meanwhile, MRVL stock has gained 6.1% over the past year.
Here’s What Analysts Are Saying About Marvell
The Street expects Marvell to report adjusted earnings of $0.67 per share on net revenue of $2.01 billion. These consensus estimates indicate a 123% year-over-year jump in earnings and a 58% surge in net revenue compared to Q2FY25.
Ahead of the results, Oppenheimer’s top analyst, Rick Schafer, reiterated a Buy rating on Marvell with a price target of $95, implying 30.1% upside potential. Schafer cited Marvell’s strong position in the technology sector for his bullish stance and expects the company to surpass consensus expectations. Previously, Schafer has also highlighted Marvell as one of his top data center picks.
He expects Marvell to benefit as hyperscalers rapidly expand AI and data centers, driving demand for high-speed networking, custom chips, and GPUs (Graphics Processing Units). Schafer is a five-star analyst on TipRanks, ranking #8 out of 10,006 analysts tracked. He boasts a 74% success rate and an average return per rating of 26.80%.
In addition to Schafer, Susquehanna analyst Christopher Rolland, also maintained his Buy rating on MRVL stock with a price target of $90. Rolland expects Marvell’s Q2 results to come in line with expectations. He noted that AI-driven demand in Marvell’s data center business is supported by strong hyperscaler spending but cautioned that the ramp-up in custom silicon could pressure near-term margins.
Is MRVL a Buy, Hold, or Sell?
Overall, analysts remain optimistic about Marvell Technology due to its strong growth fueled by custom AI silicon programs, key partnerships with major cloud providers like Amazon’s (AMZN) AWS, Google (GOOGL), and Microsoft (MSFT), and robust demand for its AI and data center chips.
