MRVL logo
Marvell Technology Inc.
MRVL
274.66 (-3.71%) 10.20
Market cap
$240.86(B)
Earnings date
Dec-03-2026
Category
Sector
Information Technology
Industry
Semiconductors and Semiconductor Equipment
Marvell Technology Inc. together with its subsidiaries provides data infrastructure semiconductor solutions and spanning the data center core to network edge in the United States Argentina China India Israel Japan Singapore South Korea Taiwan Vietnam and internationally. The company develops and scales system-on-a-chip architectures integrating analog mixed-signal and digital signal processing functionality. It offers a portfolio of ethernet solutions including spanning controllers network adapters physical transceivers and switches; single or multiple core processors; and custom application specific integrated circuits interconnects fibre channel adapters and processors. The company also provides interconnect products including pulse amplitude modulation coherent and coherent-lite digital signal processors (DSPs) laser drivers trans-impedance amplifiers silicon photonics co-packaged optics linear pluggable optics chipsets data center interconnect active electrical cable DSPs and peripheral component interconnect express retimer solutions; fibre channel products comprising host bus adapters and controllers for server and storage system connectivity; storage controllers for hard disk drives and solid-state-drives; host system interfaces including serial advanced technology attachment and serial attached SCSI peripheral component interconnect express compute express link switches non-volatile memory express (NVMe) and NVMe over fabrics; and develops ultra accelerator linkTM switches and ethernet for scale-up networking switches. The company serves data centers communications and other markets. It offers its products through direct customers and distributors. Marvell Technology Inc. was incorporated in 1995 and is headquartered in Wilmington Delaware.
EV: $286.95(B)
Total Equity: $18.53(B)
Debt/Equity: 0.29
Dividend/share: $0.2
Div. yield: 0.09%
P/E: 90.95
Forward P/E: 65.24
P/FCF: 139.42
P/S: 25.41
P/B: 12.99
EPS: $3.0
EPS (fwd): $4.2
FCF/share: $2.0
Revenue/share: $10.8
Book value/share: $21.1
ROIC: 13.6%
ROA: 12.0%
ROE: 18.0%
Margins: Gross | Op. | Net
52.2% | 14.7% | 27.9%
0.0%of Portfolio
My holdings
Day change
Total change
PEvaluation
47%
$145
Valuation summary
Min—
Max—
Average—
Median—
Valuation comparison
Current price$275
Quality checklist score
6/8
Based on your selected metrics.
ROIC > 10% Debt/Equity < 1 Current Ratio > 1 Quick Ratio > 1 Net Margin > 10% Est. EPS Growth > 5%
5Y Shares Out Change < 0% Past Net Income CAGR > 0%

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$9.45(B)
Gross profit$4.93(B)
EBITDA$2.85(B)
Net income$2.64(B)
Gross margin52.2%
Operating margin14.7%
Net margin27.9%
Shares outstanding876.93(M)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$27.55(B)
Current assets$7.92(B)
Total liabilities$9.02(B)
Current liabilities$2.50(B)
Cash & Short-term inv.$3.93(B)
Long-term debt$4.96(B)
Total intangibles$16.48(B)
PP&E$1.36(B)

Cash flow (TTM)

CFOCFICFF
FCF$1.73(B)
CapEx$-470.20(M)
Dividends paid$-209.30(M)
Stock issued$85.10(M)
Stock repurchased$-2.41(B)
Stock-based comp.$828.90(M)
Debt issued$998.90(M)
Debt repaid$-500.00(M)

Per share data (TTM)

Price
Price
$275
Income
Revenue
$10.8•25.4x|3.9%
Gross profit
$5.63•48.8x|2.0%
Earnings (EPS)
$3.02•90.9x|1.1%
Cash flow
FCF
$1.97•139.4x|0.7%
Stock-based comp.
$0.95•290.6x|0.3%
CapEx
$0.54•512.2x|0.2%
Dividend
$0.24•1144.4x|0.1%
Balance sheet
Total assets
$31.4•8.7x|11.4%
Total liabilities
$10.3•26.7x|3.7%
Book value
$21.1•13.0x|7.7%
Cash & ST inv.
$4.48•61.2x|1.6%
Debt
$5.66•48.5x|2.1%
Forward earnings
EPS FY+1
$4.21•65.2x|1.5%
EPS FY+2
$6.76•40.6x|2.5%
EPS FY+3
$10.4•26.4x|3.8%
EPS FY+4
$14.9•18.4x|5.4%
EPS FY+5
$21.7•12.7x|7.9%
Forward FCF
FCF FY+1
$3.10•88.5x|1.1%
FCF FY+2
$5.53•49.7x|2.0%
FCF FY+3
$8.34•32.9x|3.0%
FCF FY+4
$13.5•20.3x|4.9%
FCF FY+5
$19.4•14.1x|7.1%

Summary

MRVL Valuation & Price Targets

Favorite Valuation Methods

PEvaluation
—
Analyst targets
—
DCF (2-stage)
—

More Valuation Methods

DCF (simple)
—
DCF (exit mult.)
—
DDM
—
EPS growth
—
Revenue growth
—
Peter Lynch FV
—
Graham No.
—

PEvaluation

CURRENT PRICE
$275
47% Overvalued
BEAR
BASE
BULL
Fair P/E
Margin of safety
EPS
Market Model
ROICRevenue growthFCF MarginShares outstan...Debt/EquityDebt/EBITDA
Economic moat: None/narrow

EPS Estimates

LowAvgHigh#
FY+13.94.24.640
FY+26.26.88.142
FY+38.810.412.730
FY+413.014.918.44
FY+518.821.724.62

Analyst Price Targets

CURRENT PRICE
$275
3% Undervalued
BEAR
BASE
BULL

Analyst Recommendations

Strong Buy9
Buy32
Hold5
Sell0
Strong Sell0

2-stage DCF

First Stage Duration: 5 Years
Starting Free Cash Flow
First Stage Growth Rate
Low
Mid
High
Terminal Growth Rate
Low
Mid
High
Discount Rate

Discounted Cash Flow

Forecast years: 5 Years
Terminal Growth Rate
Low
Mid
High
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Discounted Cash Flow (exit mult.)

Forecast years: 5 Years
Exit FCF Multiple
Low
Mid
High
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Dividend Discount Model

Annual Dividend
First Stage Length (Years): 0 Years
First Stage Growth Rate
Low
Mid
High
Final Growth Rate
Low
Mid
High
Discount Rate

EPS Growth

Forecast years: 5 Years
Starting EPS
EPS Growth Rate
Low
Mid
High
Final P/E
Low
Mid
High
Discount Rate

Revenue Growth Valuation

Forecast Years: 10 Years
Base Revenue
Revenue Growth Rate
Low
Mid
High
Final Net Margin
Low
Mid
High
Final P/E Ratio
Low
Mid
High
Discount Rate

Peter Lynch Fair Value

Earnings Per Share
Growth Rate
Low
Mid
High

Graham Formula

Earnings Per Share
EPS Growth (7-10 years)
Low
Mid
High
Government Bond Rate

Growth Estimates

Revenue

CAGR37.7%
TTMFY+1FY+2FY+3FY+4FY+5
TTM
$9.45(B)
FY+1
38
28%
$12.05(B)
FY+2
38
51%
$18.20(B)
FY+3
33
44%
$26.15(B)
FY+4
5
32%
$34.44(B)
FY+5
3
36%
$46.70(B)

Net Income

CAGR48.1%
TTMFY+1FY+2FY+3FY+4FY+5
TTM
$2.64(B)
FY+1
34
45%
$3.84(B)
FY+2
35
62%
$6.22(B)
FY+3
25
55%
$9.63(B)
FY+4
4
40%
$13.44(B)
FY+5
2
40%
$18.83(B)

EPS

CAGR48.4%
TTMFY+1FY+2FY+3FY+4FY+5
TTM
$3.02
FY+1
40
39%
$4.21
FY+2
42
61%
$6.76
FY+3
30
54%
$10.41
FY+4
4
44%
$14.94
FY+5
2
45%
$21.70

FCF per share

CAGR58.1%
TTMFY+1FY+2FY+3FY+4FY+5
TTM
$1.97
FY+1
14
58%
$3.10
FY+2
14
78%
$5.53
FY+3
11
51%
$8.34
FY+4
2
62%
$13.54
FY+5
1
44%
$19.45

Historical Financials (in USD)

Income(show more...)
Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)Q3'26 (TTM)0.02.0(B)4.0(B)6.0(B)
Revenue Operating Income Net IncomeCOGSGross ProfitTotal OpEx.R&DSG&AInterest ExpenseInterest IncomeOther Non-operating IncomePre-tax incomeIncome tax
Cash flow(show more...)
Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)Q3'26 (TTM)0.0500.0(M)1.0(B)1.5(B)
Stock-based Comp. FCFCFONet IncomeD&AChange in Working CapitalCFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures
Balance sheet(show more...)
Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)Q3'26 (TTM)0.05.0(B)10.0(B)15.0(B)20.0(B)
Total Assets Total LiabilitiesCurrent assetsCash and EquivalentsShort-term investmentsInventoriesReceivablesNon-current assetsNet PP&EIntangible AssetsGoodwillCurrent liabilitiesShort-Term DebtAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity
Per share data(show more...)
Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)Q3'26 (TTM)-1.00.01.02.0
EPS (Basic) FCF/Share Dividend/ShareEPS (Diluted)Book value/ShareCash & ST inv./ShareDebt/Share
Ratios(show more...)
Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)Q3'26 (TTM)0.02.04.06.08.010.012.014.0
P/E P/S EV/EarningsP/FCFP/BDebt/EquityPayout ratio
Margins(show more...)
Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)Q3'26 (TTM)0%10%20%30%40%50%
Net Income Margin Operating Margin Gross MarginEBITDA Margin
Returns(show more...)
Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)Q3'26 (TTM)0%2%4%6%8%10%12%14%
ROIC ROAROCEROE
Shares outstanding(show more...)
Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)Q3'26 (TTM)0.0200.0(M)400.0(M)600.0(M)800.0(M)
Shares (Basic)Shares (Diluted)
Market Cap.(show more...)
Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)Q3'26 (TTM)0.020.0(B)40.0(B)60.0(B)
Market Cap.

KPIs

Revenue By Segment(show more...)
3/20246/20249/202412/20243/20256/20259/202512/20253/20266/2026
Enterprise Networking Automotive Industrial Consumer Carrier Infrastructure Communications and Other Data Center

MRVL vs Peers

Similar Companies

Ownership

Major holders

*Excludes indirect insider ownership

Insiders: 0.49%
Institutions: 81.79%
Other: 17.71%

Institutional ownership

9.77% Blackrock Inc.6.60% Vanguard Capital Manag...6.49% FMR, LLC4.77% State Street Corporati...3.45% Invesco Ltd.2.41% Geode Capital Manageme...2.40% Vanguard Portfolio Man...1.68% Goldman Sachs Group In...1.62% NORGES BANK1.58% JPMORGAN CHASE & CO41.02% Others

Trading Summary

In the past year, insiders have sold a net of $42.62(M).

Total insider buys: $2.11(M)
Total insider sells: $44.73(M)

In the past year, Congress members have sold a net of $16001.

Total congressional buys (avg): $0.00
Total congressional sells (avg): $16001

Based on the reported ranges: buys $0.00–$0.00, sells $2002–$30000.

Insider transactions

$0.002026-11$0.00
$0.002026-10$0.00
$2.03(M)2026-09$0.00
$3.58(M)2026-08$0.00
$6.19(M)2026-07$0.00
$3.54(M)2026-06$0.00
$3.66(M)2026-05$0.00
$17.76(M)2026-04$0.00
$7.39(M)2026-03$0.00
$0.002026-02$0.00
$4654002026-01$0.00
$1265532025-12$0.00
$0.002025-11$0.00
DateSharesTotal ($)Price ($)NameTitle
Sell2026-09-0110,0002,032,700203.3KOOPMANS CHRISTOPHER RPresident
Sell2026-08-177,5001,770,600236.1MURPHY MATTHEW JOSEPHChief Executive Officer
Sell2026-08-0310,0001,805,000180.5KOOPMANS CHRISTOPHER RPresident
Sell2026-07-169,0131,795,750199.2BHARATHI SANDEEPOfficer
Sell2026-07-157,5001,571,400209.5MURPHY MATTHEW JOSEPHChief Executive Officer
Sell2026-07-0110,0002,819,200281.9KOOPMANS CHRISTOPHER RPresident
Sell2026-06-232,250632,272281.0DURN DANIEL JAMESChief Financial Officer
Grant2026-06-1775000.0HOUSE REBECCA WICKHEMDirector
Sell2026-06-162,231667,359299.1BHARATHI SANDEEPOfficer
Grant2026-06-151,00000.0CASPER MARK JOHNOfficer
Sell2026-06-157,5002,240,700298.8MURPHY MATTHEW JOSEPHChief Executive Officer
Sell2026-05-154,000700,960175.2MEINTJES WILLEM AChief Financial Officer
Sell2026-05-137,5001,329,450177.3MURPHY MATTHEW JOSEPHChief Executive Officer
Sell2026-05-0110,0001,627,600162.8KOOPMANS CHRISTOPHER RPresident
Sell2026-04-1710,0001,355,000135.5CASPER MARK JOHNOfficer
Sell2026-04-1666,8928,719,372130.3BHARATHI SANDEEPOfficer
Sell2026-04-1530,0004,020,300134.0MEINTJES WILLEM AChief Financial Officer
Sell2026-04-157,5001,008,450134.5MURPHY MATTHEW JOSEPHChief Executive Officer
Sell2026-04-066,900755,205109.5CASPER MARK JOHNOfficer
Sell2026-04-0217,8541,897,257106.3CASPER MARK JOHNOfficer
Sell2026-03-2630,0002,961,00098.7MURPHY MATTHEW JOSEPHChief Executive Officer
Sell2026-03-2644,4144,424,07999.6BHARATHI SANDEEPOfficer
Sell2026-01-055,000465,40093.1CASPER MARK JOHNOfficer
Sell2025-12-051,253126,553101.0CASPER MARK JOHNOfficer
Grant2025-10-1722,72200.0MURPHY MATTHEW JOSEPHChief Executive Officer
Buy2025-09-253,400265,30278.0MEINTJES WILLEM AChief Financial Officer
Buy2025-09-256,800530,60478.0KOOPMANS CHRISTOPHER RPresident
Buy2025-09-253,400265,30278.0BHARATHI SANDEEPOfficer
Buy2025-09-2513,6001,048,42477.1MURPHY MATTHEW JOSEPHOfficer and Director

Congressional trading

$0.002026-11$0.00
$0.002026-10$0.00
$0.002026-09$0.00
$0.002026-08$0.00
$0.002026-07$0.00
$0.002026-06$0.00
$0.002026-05$0.00
$0.002026-04$0.00
$0.002026-03$0.00
$0.002026-02$0.00
$0.002026-01$0.00
$0.002025-12$0.00
$0.002025-11$0.00
DatePoliticianPartyChamberAmount ($)
Sell2025-09-23Val T. HoyleDHouse$1,001 - $15,000
Sell2025-09-23Val T. HoyleDHouse$1,001 - $15,000

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