Marvell Technology, Inc. reports results for the quarter ended July 31 - Earnings Summary

Marvell Technology

28/08/2026 01:01

Marvell Technology, Inc. MRVL.OQ reported quarterly adjusted earnings of 94 cents​​ per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of 67 cents.  The mean expectation of thirty three analysts for the quarter was for earnings of 92 cents per share. Wall Street expected results to range from 70 cents to 96 cents per share.
Revenue rose 36.5% to $2.74 billion from a year ago; analysts expected $2.71 billion. 
Marvell Technology, Inc.'s reported EPS for the quarter was 33 cents​.
The company reported quarterly net income of $308 million.
Marvell Technology, Inc. shares had fallen by 17.7% this quarter and gained 188.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 0.4% in the last three months.​ 
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 38 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy" 
Wall Street's median 12-month price target for Marvell Technology, Inc. is $271.06, about 10.9% above its last closing price of $241.45
This summary was machine generated from LSEG data August 28 at 12:00 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING
ESTIMATE 
ACTUAL
BEAT, MET, MISSED
Jul. 31 2026 
0.92
0.94
Beat
Apr. 30 2026 
0.79
0.80
Beat
Jan. 31 2026 
0.79
0.80
Beat
Oct. 31 2025 
0.73
0.76
Beat