MRVL · Coteau

MRVL

Marvell Technology, Inc.

$237.09

+4.06% 2026-10-19

Information TechnologyS&P 500

1M 3M 6M 1Y 2Y

MRVLSPY

-10.8%

-2.9%

+21.6%

+60.4%

YTD

+179.5%

+170.0%

Grades vs sector

Momentum

94th pct in sector

12-1 return: +182.3%
Percentile within its GICS sector across the S&P 1500.

Growth

82nd pct in sector

A-

Revenue growth (YoY): +36.5%
Percentile within its GICS sector across the S&P 1500.

Value

12th pct in sector

D-

Forward E/P: 3.2% · EBITDA/EV: 1.4%
Percentile within its GICS sector across the S&P 1500.

Profitability

72nd pct in sector

Profit margin: +27.9% · Return on equity: +16.5%
Percentile within its GICS sector across the S&P 1500.

Revisions

no data

–

EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Held by 1 of 3 live models: Momentum Top 15.

Momentum Top 15

6.7% of the book · rank 13 of 499

Held Quality Growth

not ranked (outside this model's universe or screens)

Momentum Blend

not in the current book

Why it's in Momentum Top 15 #13 of 499

Qualified on 12-1 momentum of +152.3% (its gain from 12 months to 1 month before 2026-09-30). Ranked 13th of 499 at the 2026-09-30 rebalance.

What would knock it out: Drops out if it falls outside the top 15 at the next rebalance (Oct 30). In the latest preview (2026-10-16) it ranks 9th.

Key stats

Market cap$213.1B

P/E (trailing)78.0

P/E (forward)32.5

52-week range70.69 – 329.88

Revenue growth (YoY, latest qtr)+36.5%

Dividend yield0.11%

Analyst consensusStrong Buy (44)

Mean price target$341.63 (+44%)

Valuation & fundamentals

Bottom line

Leans expensive

Model read-out from the numbers below, not advice. Score -1 (DCF counts double).

▼DCF (base case)below the price by 77%

▼Forward P/E vs sector32.5x vs median 16.9x

▲Piotroski F-score8/9

▲Altman Z15.0 (safe)

▲Net debt / EBITDA0.6x

▲Analyst target+44% (44 analysts)

Discounted cash flow

CyclicalValued on average-cycle margins

Bear

$29

-88%

growth 14% · disc. 14.0% · term. 2.0%

Base

$54

-77%

growth 24% · disc. 13.0% · term. 2.5%

Bull

$86

-64%

growth 30% · disc. 12.0% · term. 3.0%

Starting cash flow is mid-cycle: 18.2% average margin × current revenue = 1.7B (last 12 months: 1.7B at a 18% margin). On trailing cash flow the base case would be $55.

Reverse DCFfor context, not a signal

Today's price assumes free cash flow grows about 40% a year for 10 years.

Implied

+40%/yr

FCF, last 3 yrs

+9%/yr

FCF, last 5 yrs

+14%/yr

Revenue, last 3 yrs

+11%/yr

Revenue, last 5 yrs

+23%/yr

Same inputs as the DCF above: mid-cycle free cash flow 1.7B, 13.0% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2026; "n/a" means too little history or a negative starting year.

Edit assumptions · recalculates instantly

Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-08-01). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 2.26 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Information Technology

P/E (trailing)

sector median 35.9× · 84th pct

78.0×
pricier

Forward P/E

sector median 16.9× · 89th pct

32.5×
pricier

EV / EBITDA

sector median 20.8× · 95th pct

114.7×
pricier

Price / sales

sector median 4.6× · 93rd pct

22.5×
pricier

Price / book

sector median 5.1× · 77th pct

11.5×
pricier

FCF yield

sector median 3.5% · 15th pct

0.8%
pricier

Forward EPS $7.30 vs trailing $3.04 (+140% expected growth). Forward P/E uses analysts' next-12-month estimate.

Quality & financial health

Gross margin

52.2%

Operating margin

16.5%

FCF margin

18.3%

Net margin

27.9%

Return on equity

14.2%

Return on invested capital

6.9%

Net debt / EBITDA

0.6×

Current ratio

3.2×

Interest cover

7.2×

Cash conversion (OCF/NI)

0.8×

Piotroski F-score 8/9 · last two fiscal years

✓ Positive net income✓ Positive operating cash flow✓ Return on assets improved✗ Cash flow above net income✓ Long-term debt / assets fell✓ Current ratio improved✓ No share dilution✓ Gross margin improved✓ Asset turnover improved

Altman Z-score 15.0 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target

$342

+44%

Analysts

Strong Buy

Range

$230–$450

low – high

● price · ◆ mean target

Annual history

FY	Revenue	Net income	Free cash flow
2026	$8.2B	$2.7B	$1.4B
2025	$5.8B	$-885.0M	$1.4B
2024	$5.5B	$-933.4M	$1.0B
2023	$5.9B	$-163.5M	$1.1B
2022	$4.5B	$-421.0M	$650.1M
2021	$3.0B	$-277.3M	$710.5M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +11.4%.

Earnings

Next report: 2026-12-01 · during market · EPS est 1.10

EstimateActual (beat)Actual (miss)

Report	EPS est	Actual	Surprise
2026-08-27	0.93	0.94	+1.0%
2026-05-27	0.79	0.80	+0.6%
2026-03-05	0.79	0.80	+1.1%
2025-12-02	0.74	0.76	+3.0%
2025-08-28	0.67	0.67	-0.5%
2025-05-29	0.61	0.62	+1.1%
2025-03-05	0.59	0.60	+1.6%
2024-12-03	0.41	0.43	+5.5%

Quarterly revenue

Quarter	Revenue	YoY
2026-07-31	$2.7B	+36.5%
2026-04-30	$2.4B	–
2026-01-31	$2.2B	–
2025-10-31	$2.1B	–
2025-07-31	$2.0B	–

Analyst actions

UBS

2026-10-07 · main

Buy → Buy
PT $350

Jefferies

2026-10-07 · main

Buy → Buy
PT $450

JP Morgan

2026-10-07 · main

Overweight → Overweight
PT $360

Wells Fargo

2026-10-07 · main

Overweight → Overweight
PT $365

Wolfe Research

2026-10-07 · main

Outperform → Outperform
PT $375

Morgan Stanley

2026-10-07 · main

Equal-Weight → Equal-Weight
PT $300

Recent dividends

2026-10-09: $0.060 · 2026-07-10: $0.060 · 2026-04-10: $0.060 · 2026-01-09: $0.060 · 2025-10-10: $0.060 · 2025-07-11: $0.060 · 2025-04-11: $0.060 · 2025-01-10: $0.060

Insider trades

Bharathi Sandeep

President, Data Center Group · 2026-10-16

SELL
$865.9K

Murphy Matthew J

Director, Chairman of the Board and CEO · 2026-10-15

SELL
$1.8M

Scarpulla Justin

SVP, Chief Accounting Officer · 2026-10-08

SELL
$300.9K

Koopmans Chris

President and COO · 2026-10-01

SELL
$2.6M

Murphy Matthew J

Director, Chairman of the Board and CEO · 2026-09-15

SELL
$1.7M

Koopmans Chris

President and COO · 2026-09-01

SELL
$2.0M

Murphy Matthew J

Director, Chairman of the Board and CEO · 2026-08-17

SELL
$1.8M

Koopmans Chris

President and COO · 2026-08-03

SELL
$1.8M

None

None · None

SELL
–

None

None · None

SELL
–

None

None · None

SELL
–

None

None · None

SELL
–

Research

Momentum Top 15: the October 2026 book, a rough start, and what the backtest says to expect2026-10-18

News

What Just Happened To Marvell Stock?

Trefis · 7h ago

Stock Market Today: Dow Firm, Nasdaq Rallies; Amazon Surges As These Stocks Test Entries (Live Coverage)

Investor's Business Daily · 8h ago

Marvell Jumps 6% as GF Securities Says Google Chip Delay Won’t Dent Its Position; Broadcom Rises 3%

24/7 Wall St. · 8h ago

Marvell Technology (MRVL) Forms Cloud Security Alliance After New CXL And Connectivity Launches

Simply Wall St. · 9h ago

Chip Stocks Set to Snap Longest Losing Streak Since 2008

Barrons.com · 9h ago

Marvell Technology (MRVL) Stock Sees Fair Value Lift After Analysts Back AI Growth

Simply Wall St. · 10h ago

Marvell Technology Will Heat Up Very Soon and I’m Buying in Advance

24/7 Wall St. · 10h ago

Why is Marvell Technology stock rallying today?

Investing.com · 11h ago

Google’s Next AI Chip Is Running Late. Why Marvell May Be Fine

Insider Monkey · 11h ago

Is Broadcom Stock Cheap Enough Yet?

Trefis · 12h ago

Stats refreshed 2026-10-19 17:47:00 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

coteau

Hypothetical research for education, not investment advice. Data: Yahoo Finance (via yfinance, delayed), SEC EDGAR.

Disclaimer Terms Privacy Glossary Track record Data status