PREVIEW: Marvell eases ahead of results; AI chip demand in focus

Marvell Technology

27/08/2026 20:41

** Shares of Marvell Technology MRVL.O falling 0.5% on Thurs ahead of qtrly results, due after the closing bell, with investors looking for updates on AI chip demand and its recent Google partnership
** Chip shares are mostly higher on the day following a blockbuster report from Nvidia NVDA.O late Weds
** MRVL, a maker of data infrastructure chips, is expected to post qtrly rev up about 35% to $2.71 bln from $2.01 bln, and adj EPS of $0.92 vs $0.67 a yr ago, per LSEG
** Focus will be on commentary around its new partnership to develop custom chips for Alphabet's GOOGL.O Google
** In May, MRVL said it expected its data center business to grow by about 50% this year, a key metric investors will be watching
** 38 of 44 analysts rate the stock "buy" or "strong buy" and six rate it a "hold"
** Median Wall Street PT is $271.06; stock is last at $243.95
** MRVL has surged ~187% YTD vs the Nasdaq's .IXIC roughly 14% rise, and a PHLX Semiconductor Index .SOX advance of 67%

(Reporting by Caroline Valetkevitch )
((caroline.valetkevitch@thomsonreuters.com))