Marvell (MRVL) AI Stock Analysis

• Market Cap: $78.38B
• Dividend Yield: 0.27%
• Average Volume (3M): 17.55M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.42
• Revenue Growth: 37.05%
• EPS Growth: 89.40%
• Country: US
• Employees: 7,042
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 0.67
• Shares Outstanding: 862,100,000
• 10 Day Avg. Volume: 17,770,655
• 30 Day Avg. Volume: 17,547,083
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.88
• Enterprise Value/Revenue: 9.49
• Enterprise Value/Gross Profit: 21.25
• Enterprise Value/Ebitda: 48.07
• 1Y Price Target: $90.62
• Price Target Upside: -2.80% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 31
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: $102.00 ▲(9.41% Upside)

Marvell's strong earnings call performance and technical indicators are the primary drivers of its stock score. However, profitability challenges and unattractive valuation metrics weigh down the overall score. The company's strategic focus on AI and data center growth provides a positive outlook, but financial improvements are needed to enhance shareholder value.

Positive Factors

Revenue Growth

The significant year-over-year revenue growth indicates strong demand for Marvell's products, particularly in data centers, supporting long-term expansion.

Data Center Market Expansion

Strong growth in the data center market, driven by AI demand, positions Marvell well for sustained revenue expansion in a high-growth sector.

Operating Margin and EPS Growth

Improved operating margins and EPS highlight operational efficiency and profitability, enhancing Marvell's financial stability and shareholder returns.

Negative Factors

Profitability Challenges

Persistent profitability issues, such as negative net income, could hinder Marvell's ability to invest in growth and return value to shareholders.

Automotive and Industrial Revenue Decline

The decline in automotive and industrial revenue due to divestiture may reduce diversification and expose Marvell to sector-specific risks.

Custom Business Lumpiness

Nonlinear growth in the custom business could lead to revenue unpredictability, affecting Marvell's ability to plan and allocate resources effectively.

Marvell Business Overview & Revenue Model

Company Description

Marvell Technology, Inc. is a global leader in semiconductor solutions, specializing in storage, networking, and connectivity technologies. The company operates in various sectors, including enterprise storage, data infrastructure, and automotive markets, providing a diverse range of products such as data processors, Ethernet switches, and wireless connectivity solutions. Marvell's innovations are pivotal for enabling high-performance data centers, cloud computing, and next-generation mobile technologies.

How the Company Makes Money

Marvell generates revenue primarily through the sale of its semiconductor products and solutions. Its key revenue streams include sales from data infrastructure products, which encompass storage controllers, networking chips, and integrated circuits used in cloud and enterprise data centers. The company also earns revenue from its automotive solutions and wireless connectivity products. Significant partnerships with major technology companies and OEMs (Original Equipment Manufacturers) enhance its market presence and contribute to earnings. Furthermore, Marvell's focus on R&D allows it to innovate and introduce new products, thereby driving growth and expanding its customer base in various high-demand markets.

Marvell Financial Statement Overview

Summary

Marvell shows strong revenue growth and stable cash flow generation, which are positive indicators. However, sustained losses and pressure on operating margins highlight profitability challenges. The balance sheet remains robust, but leverage risks should be monitored to ensure financial health.

Income Statement

Marvell's revenue has shown a positive growth trend with a notable increase in the TTM period. However, the company is currently experiencing negative net profitability, as evidenced by the negative Net Income and a negative Net Profit Margin. The Gross Profit Margin remains healthy, but the EBIT and EBITDA margins are under pressure, indicating challenges in controlling operational costs.

Balance Sheet

The balance sheet reveals a solid equity position, with a significant portion of the company's assets funded by stockholders' equity. However, the Debt-to-Equity ratio is moderate, suggesting some leverage that could pose risks if not managed carefully. The company maintains a stable Equity Ratio, contributing to financial stability.

Cash Flow

Marvell demonstrates strong cash flow generation, with positive Free Cash Flow and Operating Cash Flow. The Free Cash Flow to Net Income ratio is strong due to negative net income, reflecting efficient cash management despite profitability challenges. The Free Cash Flow growth rate is notable, indicating effective capital expenditure control.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.23B	5.77B	5.51B	5.92B	4.46B	2.97B
Gross Profit	3.23B	2.38B	2.29B	2.99B	2.06B	1.49B
EBITDA	1.43B	651.60M	850.70M	1.65B	901.10M	388.60M
Net Income	-103.40M	-885.00M	-933.40M	-163.50M	-421.00M	-277.30M
Balance Sheet
Total Assets	20.59B	20.20B	21.23B	22.52B	22.11B	10.76B
Cash, Cash Equivalents and Short-Term Investments	1.22B	948.30M	950.80M	911.00M	613.50M	748.47M
Total Debt	4.78B	4.34B	4.40B	4.74B	4.73B	1.33B
Total Liabilities	7.16B	6.78B	6.40B	6.88B	6.41B	2.33B
Stockholders Equity	13.42B	13.43B	14.83B	15.64B	15.70B	8.44B
Cash Flow
Free Cash Flow	1.53B	1.39B	1.02B	1.07B	632.40M	697.80M
Operating Cash Flow	1.84B	1.68B	1.37B	1.29B	819.30M	817.30M
Investing Cash Flow	-317.10M	-300.70M	-350.50M	-328.40M	-3.75B	-119.60M
Financing Cash Flow	-1.11B	-1.38B	-980.20M	-662.90M	2.79B	-596.80M

Marvell Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 93.23
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MRVL, the sentiment is Positive. The current price of 93.23 is above the 20-day moving average (MA) of 88.52, above the 50-day MA of 81.77, and above the 200-day MA of 75.70, indicating a bullish trend. The MACD of 2.38 indicates Positive momentum. The RSI at 52.58 is Neutral, neither overbought nor oversold. The STOCH value of 46.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MRVL.

Marvell Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SWKS	71 Outperform	$10.35B	22.62	7.89%	3.62%	-2.18%	-16.84%
ON	68 Neutral	$19.25B	63.34	3.87%	―	-16.13%	-81.06%
MRVL	67 Neutral	$78.38B	―	-0.75%	0.27%	37.05%	89.40%
NXPI	65 Neutral	$51.48B	25.12	21.19%	2.00%	-6.81%	-23.16%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
STM	59 Neutral	$20.78B	41.37	3.00%	1.46%	-17.33%	-76.71%
MCHP	52 Neutral	$30.42B	―	-2.85%	3.07%	-23.36%	-131.15%

Marvell Corporate Events

Marvell Technology’s Earnings Call Highlights Robust Growth

Marvell Technology Group’s recent earnings call painted a picture of robust performance, marked by significant revenue growth and strategic achievements. The sentiment was overwhelmingly positive, driven by impressive gains in the data center and AI sectors, alongside successful strategic initiatives such as the automotive Ethernet divestiture. Despite facing challenges in certain sectors, the company remains on a positive trajectory, backed by strong market opportunities and strategic planning.

Marvell Technology Reports Record Revenue Growth

Marvell Technology, Inc. is a prominent player in the semiconductor industry, specializing in data infrastructure solutions that power data centers, enterprise networks, and carrier infrastructures. The company is known for its innovative semiconductor products that cater to the evolving needs of its diverse clientele.