Marvell Technology Inc (MRVL)

BofA Sees AI Driving the Next $1 Trillion in Semiconductor RevenueJune 26, 2026 11:44 AM
IH Market News Bank of America believes artificial intelligence will accelerate growth across the semiconductor industry, helping generate an additional $1 trillion in chip sales over the next five years and reshaping several key technology markets in the process. “The chip industry took ~50 years to generate its first $1Tn in sales,” analysts led by Vivek Arya wrote. “We expect AI to help add another $1Tn in just the next five years.” Five Major Themes Expected to Fuel Industry Expansion BofA identified five structural trends that it believes will drive the next phase of semiconductor growth. The first is the rapid expansion of AI-focused data centre infrastructure. The bank estimates the total addressable market for AI data centre systems could grow from approximately $273 billion in 2025 to $1.7 trillion by 2030. Memory remains another key growth engine, supported by long-term supply agreements and strong demand visibility. The third theme centres on semiconductor manufacturing equipment and reshoring initiatives, as rising chip complexity increases investment requirements across fabrication facilities. Analog semiconductors are also expected to benefit from growing power demands linked to AI workloads, while demand for next-generation CPUs designed to support agentic AI applications represents another major opportunity. BofA estimates the server CPU market tied to agentic AI could eventually represent a $170 billion opportunity across x86 and ARM-based architectures. Industry Forecast Raised to $2.7 Trillion by 2030 Reflecting these trends, the bank increased its forecast for total semiconductor industry revenue to $2.7 trillion by 2030, up from a previous estimate of $2.3 trillion. The revised outlook implies a compound annual growth rate of approximately 28% from 2025 levels. Among all semiconductor categories, memory is expected to deliver the strongest growth, with BofA forecasting nearly 300% year-over-year expansion in 2026. Equipment Spending Forecasts Move Higher The bank also substantially increased its projections for wafer fabrication equipment spending. BofA now expects industry spending on wafer fab equipment to reach $250 billion by 2028, compared with its previous forecast of $203 billion. By 2030, annual spending could climb to approximately $292 billion. The increase reflects expectations for continued investment in advanced manufacturing capacity needed to support AI-driven demand. Micron Leads a Series of Higher Price Targets Alongside its updated industry outlook, BofA revised several semiconductor stock price targets upward. The largest increase was for Micron (NASDAQ:MU), where the target rose to $1,500 from $950. The bank cited strong demand for high-bandwidth memory and supply constraints that could persist through 2028. Applied Materials (NASDAQ:AMAT) saw its target increased to $720 from $540, while Lam Research (NASDAQ:LRCX) was lifted to $480 from $330 and KLA Corporation (NASDAQ:KLAC) to $317 from $210. Marvell (NASDAQ:MRVL) received a new target of $365, up from $240, supported by growing demand for AI connectivity solutions. Meanwhile, Intel (NASDAQ:INTC) saw its target raised to $160 from $135 as the bank highlighted opportunities in server processors and foundry services. Credo Technology (NASDAQ:CRDO) also received a higher target, increasing to $340 from $252. One Notable Exception Despite the broadly positive outlook, BofA maintained a more cautious stance on Axcelis Technologies (NASDAQ:ACLS). Although the bank raised its target price to $156 from $130, it retained an Underperform rating, arguing that the stock already reflects much of the potential upside associated with its planned merger with Veeco. Micron Technology stock price Applied Materials stock price Lam Research Corp stock price KLA Corporation stock price Marvell Technology stock price Intel stock price Credo Technology Group Holding stock price Axcelis Technologies stock price The post BofA Sees AI Driving the Next $1 Trillion in Semiconductor Revenue appeared first on US Editors. Original: BofA Sees AI Driving the Next $1 Trillion in Semiconductor Revenue

Wall Street Pre-Market: Futures Tumble as OpenAI IPO Delay Sparks AI Tech Rout, Oil PlummetsJune 26, 2026 8:54 AM
IH Market News The mood in the Wall Street pre-market is one of strong risk aversion. Investors are reacting pessimistically to reports that OpenAI may delay its highly anticipated initial public offering (IPO), which has reignited doubts about actual financial returns compared to the astronomical infrastructure costs of Artificial Intelligence (AI). At 8:02 AM ET, Dow Jones index futures are down 38 points, or 0.07%. S&P 500 futures are down 34.50 points, or 0.46%. Nasdaq futures are dropping 342.25 points, or 1.15%. The 10-year Treasury yield is down to 4.382%. Volatility is amplified by a shift in macroeconomic expectations, as the market digests the possibility of further interest rate hikes by the Federal Reserve (Fed). Friday’s economic calendar begins with the release of preliminary data for the Goods Trade Balance and Wholesale Inventories for May, both published at 9:30 AM ET. At 11:00 AM ET, the final June data from the University of Michigan (UoM) will be released, including the Consumer Sentiment Index and, most notably, the 1-year Inflation Expectations (projected at 4.6%) and 5-year Inflation Expectations (projected at 3.4%). Shortly after, FOMC members will speak: Williams at 11:30 AM ET and Kashkari at 12:30 PM ET. The OpenAI Effect and the Semiconductor Tumble According to The New York Times, OpenAI is considering delaying its IPO. Reasons include the weak performance of SpaceX shares following its market debut and fears of sector volatility. JPMorgan and market analysts warn that this could slow down investments in technological infrastructure. As a result, the chip and memory sector suffered sharp global losses: Top Losses in Focus (US & Global) On Semiconductor (NASDAQ:ON): ? Drops more than 14% (after announcing the acquisition of Synaptics for $7 billion in stock). Micron Technology (NASDAQ:MU) and SanDisk (NASDAQ:SNDK): ? Fall around 4.8% (giving back part of the previous day’s gains). Arm Holdings (NASDAQ:ARM), Marvell Technology (NASDAQ:MRVL), Advanced Micro Devices (NASDAQ:AMD), and Intel (NASDAQ:INTC): Decline between 3% and 4%. SoftBank Group (Asia): ? Led losses in the region with a decline of over 12%, reflecting its heavy exposure as an OpenAI investor. ASML & Infineon (Europe): Drop 1.4% and 3.6%, respectively. Oil in Free Fall Despite rising geopolitical tensions in the Persian Gulf—following reports of an attack attributed to Iran against a Singaporean cargo ship in the Strait of Hormuz—investInvestors preferred to focus on the risks of a global economic slowdown, pushing energy commodities downward. At 8:12 AM ET, Brent crude oil contracts for August are down 3.4%, trading at $72.73 a barrel. US WTI crude oil is down 3.1%, trading at $69.73 a barrel. Energy Stocks: APA Corporation, Diamondback Energy, and Occidental Petroleum are trading down 1% to 1.5%. Gold Attempts to Stabilize The precious metal is attempting a slight technical recovery today, driven by US inflation data that came in flat, but the medium-term outlook remains challenging. Despite the daily gain, trading at $4,063, gold is on track to close its fourth consecutive week of losses, pressured by the specter of higher US interest rates. Silver follows the slight upward movement today, but also closes the week in negative territory. Against the Trend: Positive Highlights Amid the sea of red, a few companies managed to post gains in the pre-market: Synaptics (NASDAQ:SYNA): Rises 4.8% (boosted by On Semiconductor’s acquisition announcement). Rocket Lab (NASDAQ:RKLB): Rises 1.1% (after securing a NASA contract for launch services for two solar and climate research missions). Apple (NASDAQ:AAPL): Rises 0.7% (attempting a slight technical recovery after plunging 6.12% in the previous session, driven by price increases for iPads and MacBooks due to component costs). The post Wall Street Pre-Market: Futures Tumble as OpenAI IPO Delay Sparks AI Tech Rout, Oil Plummets appeared first on US Editors. Original: Wall Street Pre-Market: Futures Tumble as OpenAI IPO Delay Sparks AI Tech Rout, Oil Plummets

Marvell Technology, Inc. Declares Quarterly Dividend PaymentJune 25, 2026 4:05 PM
Business Wire Marvell Technology, Inc. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock, including preferred stock on an as converted to common stock basis, payable on July 30, 2026 to stockholders of record as of July 10, 2026. About Marvell To deliver the data infrastructure technology that connects the world, we’re building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world’s leading technology companies for over 30 years, we move, store, process and secure the world’s data with semiconductor solutions designed for our customers’ current needs and future ambitions. Through a process of deep collaboration and transparency, we’re ultimately changing the way tomorrow’s enterprise, cloud and carrier architectures transform—for the better. Marvell® and the Marvell logo are registered trademarks of Marvell and/or its affiliates. View source version on businesswire.com: https://www.businesswire.com/news/home/20260625543988/en/ Ashish Saran
Senior Vice President, Investor Relations
408-222-0777
ir@marvell.com Original: Marvell Technology, Inc. Declares Quarterly Dividend Payment

$600 this year

Semiconductor Stocks Climb in Premarket Trade Following Intel Manufacturing MilestoneJune 17, 2026 8:46 AM
IH Market News Chipmakers moved higher in premarket trading on Wednesday, with Intel (NASDAQ:INTC) leading the sector after announcing a significant advancement in its next-generation manufacturing technology. The gains helped reverse some of the weakness seen across semiconductor stocks during Tuesday’s session, lifting sentiment across the broader industry. Intel Leads Sector Higher Intel shares rose roughly 4% before the opening bell after the company revealed that its advanced 18A-P manufacturing process has entered the risk production phase, an important stage ahead of large-scale commercial manufacturing. The positive update also boosted other semiconductor names. Marvell Technology (NASDAQ:MRVL) gained 2.8%, Lam Research (NASDAQ:LRCX) advanced 2.9%, and Micron Technology (NASDAQ:MU) climbed 3.5% in premarket trading. New Manufacturing Process Delivers Efficiency Gains According to Intel, the 18A-P node provides a 9% increase in performance compared with the original 18A process while operating at the same power level. Alternatively, the company said the technology can reduce power consumption by 18% while maintaining equivalent processing performance. Intel also highlighted improvements in thermal efficiency and design flexibility, which are intended to support the development of increasingly complex semiconductor products. Compatibility Designed to Accelerate Adoption A key feature of the 18A-P process is its compatibility with the existing 18A ecosystem. Because both technologies use the same design rules, customers can reuse existing intellectual property and development workflows without the need for major redesign efforts. This approach is expected to simplify migration to the new node and reduce development costs for chipmakers. AI Demand Continues to Support Growth The manufacturing update comes as demand for processors used in artificial intelligence infrastructure continues to accelerate. Companies investing heavily in AI computing capacity are driving increased demand for advanced chips, providing additional support for Intel’s manufacturing ambitions and foundry strategy. The announcement reinforces confidence that the company remains on track with its long-term technology roadmap. Strategic Partnerships Expand Industry Reach Earlier this month, Intel unveiled a series of collaborations with major industry partners, including Foxconn, Siemens, Hitachi, Echo Neurotechnologies and Greenstone Biosciences. The partnerships are focused on developing integrated customer solutions built around Intel processors and specialized silicon platforms tailored to specific industry applications. Through these alliances, Intel aims to strengthen its presence across a range of markets while capitalizing on growing demand for AI-enabled computing solutions. Intel stock price Marvell Technology stock price Lam Research Corp stock price Micron Technology stock priceThe post Semiconductor Stocks Climb in Premarket Trade Following Intel Manufacturing Milestone appeared first on US Editors. Original: Semiconductor Stocks Climb in Premarket Trade Following Intel Manufacturing Milestone

Marvell Announces CFO TransitionJune 11, 2026 4:10 PM
Business Wire Dan Durn Appointed Chief Financial Officer, Effective June 15, 2026 Reaffirms Second Quarter of Fiscal 2027 Financial Outlook Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced the appointment of Dan Durn to Chief Financial Officer, effective June 15, 2026. In connection with the appointment, Dan resigned from Marvell’s Board of Directors effective June 10, 2026. As CFO, Dan succeeds Willem Meintjes, who will remain available in an advisory capacity through April 2027 to support a seamless transition. Matt Murphy, Marvell’s Chairman and CEO, said, “Since I began my role as CEO a decade ago, Willem has been an integral part of Marvell, and his contributions have been instrumental to our strong financial and operational positions. Willem joined Marvell just a few weeks before me in 2016, and I leaned on him considerably, both early on and beyond. During his tenure, Willem helped build our finance organization from the ground up and served as a steady and trusted partner through some of the most consequential periods of growth and transformation in our history. The financial discipline and operational credibility we have today is in no small part a reflection of the work he put in year after year. I deeply appreciate Willem for his partnership and we all wish him well in his next chapter.” Matt Murphy continued, “Having served on our board for the past two years, Dan intimately knows Marvell and its long-term growth strategy. He has also spent the majority of his career in the semiconductor industry, serving as CFO at GlobalFoundries, Freescale Semiconductor, NXP Semiconductors, and Applied Materials, and brings a level of industry-specific fluency that is rare. He understands how these businesses work, how they scale, and what it takes to lead finance through periods of significant growth. That depth of experience, combined with his understanding of the capital markets and operational demands of businesses at our scale, makes him well-suited to help us continue to win in what we believe is a once-in-a-generation AI infrastructure build-out.” Dan Durn added, “I have long admired Marvell’s technology leadership and the critical role it plays at the center of the AI and data infrastructure ecosystem. I am excited to join the Marvell management team at such a dynamic moment for the Company and the industry. Together with Matt, Marvell leadership, and the finance organization, I look forward to driving continued growth and delivering value for shareholders and customers as Marvell accelerates its AI and data infrastructure strategy.” Willem Meintjes said, “After 10 incredible years, I am moving on to spend more time with my family. Working closely alongside Matt and the entire Marvell finance organization has been one of the great privileges of my career, and I’m very proud of what this organization has built together. Dan brings outstanding credentials and a strong understanding of this business that will serve Marvell well. I look forward to supporting him and the team through this transition.” Dan brings more than three decades of senior financial leadership across the semiconductor and enterprise technology sectors. Dan joins Marvell from Adobe Inc., where he served as Chief Financial Officer and Executive Vice President of Finance, Technology, Security and Operations from October 2021 to June 2026. Prior to Adobe, he served as Senior Vice President and Chief Financial Officer of Applied Materials, Inc. Earlier in his career, he served as Executive Vice President and Chief Financial Officer at NXP Semiconductors N.V. following its merger with Freescale Semiconductor, where he had previously held the role of Senior Vice President and Chief Financial Officer. Before Freescale, he served as Chief Financial Officer and Executive Vice President of Finance and Administration at GlobalFoundries Inc. Mr. Durn holds a Master of Business Administration in Finance from Columbia Business School and a Bachelor of Science in Control Systems Engineering from the U.S. Naval Academy, where he was commissioned as a naval officer and served for six years, reaching the rank of lieutenant. Reaffirming Second Quarter of Fiscal 2027 Financial Outlook The Company today also announced that it is reaffirming its financial outlook for the second quarter of fiscal 2027, as provided on May 27, 2026. Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future events, results or achievements, such as statements in this press release related to reaffirming our financial outlook for the second quarter of fiscal year 2027. Actual events, results or achievements may differ materially from those contemplated in this press release. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict, including those described in the “Risk Factors” section of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by us from time to time with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and no person assumes any obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise. About Marvell To deliver the data infrastructure technology that connects the world, we’re building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world’s leading technology companies for over 30 years, we move, store, process and secure the world’s data with semiconductor solutions designed for our customers’ current needs and future ambitions. Through a process of deep collaboration and transparency, we’re ultimately changing the way tomorrow’s enterprise, cloud and carrier architectures transform—for the better. View source version on businesswire.com: https://www.businesswire.com/news/home/20260611364455/en/ Ashish Saran
Senior Vice President, Investor Relations
408-222-0777
ir@marvell.com Original: Marvell Announces CFO Transition

Wall Street Futures Signal Stronger Start to Tuesday Trading: Dow Jones, S&P, NasdaqJune 9, 2026 9:18 AM
IH Market News U.S. stock futures pointed to a firmer open on Tuesday, suggesting markets could extend gains after finishing the previous session mostly higher, despite retreating significantly from their intraday peaks. Investor sentiment appeared to improve following a sharp decline in oil prices, with U.S. crude futures falling more than 2%. Oil prices dropped below $90 per barrel after President Donald Trump stated that the United States and Iran could reach a peace agreement within “two or three days.” Trump also told reporters that the Strait of Hormuz would reopen “immediately” once an agreement is finalized, although similar comments in recent weeks about an imminent deal have yet to result in a formal breakthrough. Market participants may also continue to seek buying opportunities after last Friday’s broad sell-off, which left many stocks trading at lower valuations. Stocks rallied strongly at the start of Monday’s session as investors returned to the market following Friday’s sharp decline. However, gains faded as trading progressed, and the major indices finished well below their highs, with the Dow eventually slipping into negative territory. After climbing as much as 1.8% during the session, the Nasdaq finished up 220.23 points, or 0.9%, at 25,929.66. The S&P 500 added 21.99 points, or 0.3%, to close at 7,405.73, while the Dow Jones Industrial Average fell 80.77 points, or 0.2%, to 50,786.01. The initial recovery on Wall Street was driven in part by bargain hunting after Friday’s sell-off pushed the Nasdaq to its lowest closing level in a month. As the session progressed, enthusiasm moderated as oil prices remained elevated amid reports that Israel and Iran had exchanged missile strikes over the weekend. Crude prices later retreated from their highs after President Donald Trump said Israel and Iran were “looking to do an immediate ceasefire.” “Final negotiations on ‘Peace’ are proceeding, subject to ignorance or stupidity getting in its way,” Trump said in a post on Truth Social. “The Blockade will remain in place, and in full force and effect, until a ‘Final Deal’ is reached. Things should move quickly.” While broader market gains faded, semiconductor stocks maintained strong momentum. The Philadelphia Semiconductor Index surged 5.6%, recovering part of the 10.3% decline recorded in the previous session. Marvell Technology (NASDAQ:MRVL) jumped 9.6% after it was announced that the chipmaker will join the S&P 500 index alongside electronics manufacturing services company Flex (NASDAQ:FLEX). Nvidia (NASDAQ:NVDA) gained 1.7% after unveiling a multi-year technology partnership with SK hynix aimed at advancing next-generation memory solutions for AI infrastructure and accelerating semiconductor development and manufacturing. Higher oil prices also supported energy-related shares, with the Philadelphia Oil Service Index advancing 3.6%. Oil producers and computer hardware companies posted notable gains, while utilities and commercial real estate stocks faced pressure as Treasury yields continued to move higher. Marvell Technology stock price Flex stock price Nvidia stock price Original: Wall Street Futures Signal Stronger Start to Tuesday Trading: Dow Jones, S&P, Nasdaq

AI-linked stocks advance as Trump explores public ownership model for AI firmsJune 8, 2026 6:20 AM
IH Market News Shares of several artificial intelligence-related companies moved higher in premarket trading on Monday after U.S. President Donald Trump said his administration is considering a proposal that could give the American public a direct stake in leading AI businesses. Speaking to reporters aboard Air Force One on Friday, Trump revealed that discussions had taken place with major AI developers about a potential arrangement in which the federal government would hold an ownership interest in the sector. “There’s something very interesting about it, where it almost becomes a partnership with the American public,” he said. “We’ll look into that.” Chipmakers rally on potential government-backed AI initiative Investors reacted positively to the comments, with a number of AI-focused stocks posting gains before the opening bell on Monday. Nvidia (NASDAQ:NVDA) rose more than 1% by 04:14 ET, while fellow semiconductor companies Marvell (NASDAQ:MRVL) and Micron (NASDAQ:MU) advanced between 4% and 7%. AMD (NASDAQ:AMD) and Intel (NASDAQ:INTC) also traded more than 1% higher. In contrast, Google (NASDAQ:GOOG) slipped 1.2%. Trump indicated that executives from leading AI companies, including Anthropic, OpenAI and xAI, are expected to continue discussions at a White House meeting that could take place as early as next week. Several of those firms are widely expected to pursue public listings in the coming months, with valuations potentially reaching into the trillions of dollars. Government stake discussions gain momentum The president’s remarks followed a report from digital news outlet NOTUS, which said senior U.S. officials had already held preliminary conversations with AI companies regarding the possibility of the government purchasing equity stakes in their businesses. The Trump administration has previously shown a willingness to take direct positions in strategic industries, having acquired stakes in Intel as well as a number of rare earth and quantum computing companies. The concept gained additional attention after Senator Bernie Sanders proposed legislation that would impose a one-time 50% tax on AI companies’ stock, with the proceeds directed into a U.S. sovereign wealth fund. “The move would guarantee that the trillions created by AI are used to improve the lives of all of us,” Sanders said. The proposal has faced criticism from several prominent technology investors and executives, including Silicon Valley venture capitalist and Trump adviser David Sacks. White House continues to refine AI policy Trump acknowledged that Sanders’ proposal had resonated with some voters and suggested that broader public participation in AI-related wealth creation could help address growing concerns about the technology’s impact on society. The administration has faced challenges in defining a long-term regulatory framework for artificial intelligence. A planned signing ceremony for an AI-focused executive order in May was unexpectedly canceled after concerns emerged from industry participants regarding aspects of the proposal. At the time, Trump said he opposed certain provisions because they could weaken the United States in its competition with China in the AI sector. Earlier this week, the president signed a revised executive order that asks leading AI developers to voluntarily submit their most advanced models for government cybersecurity testing before public deployment. Growing concerns over AI risks Debate around AI regulation has intensified in recent months, partly following the launch of Anthropic’s advanced Mythos platform. Industry experts have warned that the technology could significantly increase the sophistication of cyberattacks if misused, particularly in sectors such as financial services that rely on complex and ageing technology infrastructure. As policymakers weigh the economic opportunities and risks associated with artificial intelligence, investors are closely monitoring whether the White House’s latest proposals could reshape ownership structures across one of the fastest-growing industries in the world. Nvidia stock price Marvell Technology stock price Micron Technology stock price Advanced Micro Devices stock price Intel stock price Alphabet stock price Original: AI-linked stocks advance as Trump explores public ownership model for AI firms

Marvell Technology and Flex Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600June 5, 2026 7:25 PM
PR Newswire (US) NEW YORK, June 5, 2026 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 22, 2026, to coincide with the quarterly rebalance. The changes ensure that each index is more representative of its market capitalization range. The companies being removed from S&P MidCap 400 and S&P SmallCap 600 are no longer representative of the mid-cap and small-cap market space, respectively. Following is a summary of the changes that will take place prior to the open of trading on the effective date:Effective DateIndex Name       ActionCompany NameTickerGICS SectorJune 22, 2026S&P 500AdditionMarvell TechnologyMRVLInformation TechnologyJune 22, 2026S&P 500DeletionPool CorpPOOLConsumer DiscretionaryJune 22, 2026S&P 500AdditionFlexFLEXInformation TechnologyJune 22, 2026S&P 500DeletionThe Campbell's CompanyCPBConsumer StaplesJune 22, 2026S&P MidCap 400AdditionRokuROKUCommunication ServicesJune 22, 2026S&P MidCap 400DeletionFlex FLEXInformation TechnologyJune 22, 2026S&P MidCap 400AdditionCoeur MiningCDEMaterialsJune 22, 2026S&P MidCap 400DeletionBellRing Brands BRBRConsumer StaplesJune 22, 2026S&P MidCap 400AdditionSemtechSMTCInformation TechnologyJune 22, 2026S&P MidCap 400DeletionCotyCOTYConsumer StaplesJune 22, 2026S&P MidCap 400AdditionSanminaSANMInformation TechnologyJune 22, 2026S&P MidCap 400DeletionConcentrix CNXCIndustrialsJune 22, 2026S&P MidCap 400AdditionViavi Solutions VIAVInformation TechnologyJune 22, 2026S&P MidCap 400DeletionBlackbaud BLKBInformation TechnologyJune 22, 2026S&P SmallCap 600AdditionPoolPOOLConsumer DiscretionaryJune 22, 2026S&P SmallCap 600DeletionEmbecta EMBCHealth CareJune 22, 2026S&P SmallCap 600AdditionThe Campbell's CompanyCPBConsumer StaplesJune 22, 2026S&P SmallCap 600DeletionUniversal Health Realty Trust UHTReal EstateJune 22, 2026S&P SmallCap 600AdditionCotyCOTYConsumer StaplesJune 22, 2026S&P SmallCap 600DeletionSemtechSMTCInformation TechnologyJune 22, 2026S&P SmallCap 600AdditionConcentrix CNXCIndustrialsJune 22, 2026S&P SmallCap 600DeletionSanmina SANMInformation TechnologyJune 22, 2026S&P SmallCap 600AdditionBlackbaudBLKBInformation TechnologyJune 22, 2026S&P SmallCap 600DeletionViavi SolutionsVIAVInformation TechnologyJune 22, 2026S&P SmallCap 600AdditionCredit Acceptance CACCFinancialsJune 22, 2026S&P SmallCap 600DeletionOxford IndustriesOXMConsumer DiscretionaryJune 22, 2026S&P SmallCap 600AdditionLazardLAZFinancialsJune 22, 2026S&P SmallCap 600DeletionGogoGOGOCommunication ServicesJune 22, 2026S&P SmallCap 600AdditionEastern BanksharesEBCFinancialsJune 22, 2026S&P SmallCap 600DeletionPRA GroupPRAAFinancialsJune 22, 2026S&P SmallCap 600AdditionWesbancoWSBCFinancialsJune 22, 2026S&P SmallCap 600DeletionInsteel IndustriesIIINIndustrialsJune 22, 2026S&P SmallCap 600AdditionWarby ParkerWRBYConsumer DiscretionaryJune 22, 2026S&P SmallCap 600DeletionEthan Allen InteriorsETDConsumer DiscretionaryJune 22, 2026S&P SmallCap 600AdditionNicolet BanksharesNICFinancialsJune 22, 2026S&P SmallCap 600DeletionCytek BiosciencesCTKBHealth CareJune 22, 2026S&P SmallCap 600AdditionLiquidia LQDAHealth CareJune 22, 2026S&P SmallCap 600DeletionMonroMNROConsumer DiscretionaryJune 22, 2026S&P SmallCap 600AdditionRush Street InteractiveRSIConsumer DiscretionaryJune 22, 2026S&P SmallCap 600DeletionVital FarmsVITLConsumer StaplesJune 22, 2026S&P SmallCap 600AdditionUnited States Lime & MineralsUSLMMaterialsJune 22, 2026S&P SmallCap 600DeletionCable OneCABOCommunication ServicesJune 22, 2026S&P SmallCap 600AdditionInvenTrust PropertiesIVTReal EstateJune 22, 2026S&P SmallCap 600DeletionForward AirFWRDIndustrialsABOUT S&P DOW JONES INDICESS&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/.FOR MORE INFORMATION:S&P Dow Jones Indices
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spdji.comms@spglobal.com View original content:https://www.prnewswire.com/news-releases/marvell-technology-and-flex-set-to-join-sp-500-others-to-join-sp-midcap-400-and-sp-smallcap-600-302793159.htmlSOURCE S&P Dow Jones Indices Original: Marvell Technology and Flex Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

Watching for MRVL to chug along to $1000. That should bring it closer to $1 trillion dollar market cap.

Broadcom Shares Slide as Revenue Miss and AI Outlook Disappoint Investors (AVGO)June 4, 2026 6:06 AM
IH Market News Broadcom (NASDAQ:AVGO) came under pressure in after-hours trading after reporting second-quarter results that fell slightly short of Wall Street expectations and maintaining its long-term artificial intelligence revenue targets rather than raising them. The semiconductor group reported second-quarter revenue of $22.19 billion, marginally below analysts’ consensus forecast of $22.27 billion. The results arrive as Broadcom continues to compete for a larger share of the rapidly expanding AI infrastructure market, where Nvidia remains the dominant supplier of graphics processing units used for artificial intelligence workloads. Investor sentiment was further affected by the company’s outlook for AI-related revenue. Broadcom forecast AI chip sales of approximately $16 billion for the third quarter, slightly below the $16.36 billion expected by analysts surveyed by Visible Alpha. Following the announcement, Broadcom shares fell more than 13% in extended trading as investors reacted to what many viewed as a lack of upward revisions to the company’s longer-term growth projections. Chief Executive Hock Tan said Broadcom now expects to deliver more than 10 gigawatts of AI computing capacity by 2027, representing a modest increase from previous expectations. However, the company left unchanged its forecast for $100 billion in AI-related chip revenue by that year. “Nothing slows down what was estimated prior – they just didn’t raise it,” said Ben Bajarin, chief executive of technology consultancy Creative Strategies. The market reaction highlights the exceptionally high expectations surrounding AI-related semiconductor companies, many of which have enjoyed substantial share price gains over the past two years. Competition in the custom AI chip market is also intensifying. Companies such as Marvell Technology (NASDAQ:MRVL) are increasingly targeting hyperscale cloud providers with bespoke semiconductor solutions. Earlier this year, Marvell projected that its custom chip business would generate more than $10 billion in annual revenue by 2029 and also issued revenue guidance ahead of market expectations. The growing importance of AI inference — the process through which models generate responses to user requests — has accelerated demand for customised processors tailored to specific workloads. This trend is encouraging major cloud providers to design their own chips in an effort to improve performance and reduce costs, creating significant opportunities for semiconductor suppliers. Broadcom’s ability to meet future demand has occasionally raised concerns due to constraints across the semiconductor supply chain. However, management sought to reassure investors during the earnings call, stating that the company is “very comfortable” with its supply position for both 2026 and 2027. “Today’s miss on revenue and subsequent post-market pull back (in shares) shows the market demands perfection for this chip rally to keep running,” said Ryan Lee, senior vice president of product and strategy at Direxion. Despite the market’s negative reaction, Broadcom issued strong overall guidance for the current quarter. The company expects third-quarter revenue of approximately $29.4 billion, comfortably ahead of the analyst consensus forecast of $28.54 billion compiled by LSEG. AI Business Continues to Drive Growth Although investors focused on the revenue miss and unchanged long-term targets, Broadcom’s underlying AI business remains a major source of growth. The company continues to benefit from strong demand among hyperscale customers, including Meta and Alphabet’s Google, which use Broadcom’s custom silicon solutions to support increasingly complex AI workloads. Industry forecasts suggest that major technology companies could spend more than $700 billion on artificial intelligence infrastructure this year, compared with roughly $400 billion in 2025, highlighting the scale of investment currently flowing into the sector. As AI applications become more sophisticated, cloud providers are increasingly seeking customised processors that can be optimised for specific machine-learning tasks. Broadcom has positioned itself as a leading supplier in this segment. Management reiterated plans to ship approximately 10 gigawatts of AI computing capacity next year, with significantly higher volumes expected beyond that point. “Q2 semiconductor revenue from AI of $10.8 billion grew 143% year-over-year, above our forecast, driven by increasing demand for custom AI accelerators and AI networking,” Tan said in a statement. More About Broadcom Inc. Broadcom Inc. is a global semiconductor and infrastructure software company serving data centres, cloud providers, telecommunications operators and enterprise customers. The company is a leading supplier of custom AI accelerators, networking solutions and connectivity technologies, with growing exposure to the artificial intelligence market through partnerships with major hyperscale cloud providers. As demand for AI infrastructure continues to accelerate, Broadcom has emerged as one of the industry’s key beneficiaries, leveraging its expertise in custom silicon design and advanced networking technologies to support next-generation computing workloads. Broadcom stock price Marvell Technology stock price Original: Broadcom Shares Slide as Revenue Miss and AI Outlook Disappoint Investors (AVGO)

Marvell Extends Record Rally After Jensen Huang Endorsement and Higher Analyst Target (MRVL)June 3, 2026 9:47 AM
IH Market News Marvell Technology (NASDAQ:MRVL) shares continued their remarkable advance on Wednesday, rising another 13% in premarket trading after delivering a record-breaking 32.5% gain in the previous session. The surge followed comments from Nvidia CEO Jensen Huang, who identified Marvell as a potential future trillion-dollar company. The latest move builds on growing investor enthusiasm surrounding Marvell’s role in the rapidly expanding artificial intelligence infrastructure market. Nvidia CEO Highlights Marvell’s Role in AI Expansion Huang made the comments during a joint appearance with Marvell Chief Executive Officer Matthew Murphy at Computex Week in Taipei on Monday. During the discussion, the Nvidia chief praised Marvell’s networking and connectivity technologies, describing them as critical components supporting the next generation of AI infrastructure. Investor reaction was swift, helping drive Tuesday’s share-price jump, which marked the largest single-day gain in Marvell’s history and narrowly surpassed the company’s previous record set in May 2023. Stifel Raises Price Target and Reaffirms Bullish View Adding to the positive momentum, Stifel analyst Tore Svanberg increased his 12-month price target on Marvell to $321 from $230 while maintaining a Buy rating on the stock. The analyst cited growing recognition of Marvell’s strategic position within the ongoing data center and artificial intelligence investment cycle. According to Stifel, investors are increasingly appreciating the company’s exposure to key infrastructure technologies required to support large-scale AI deployments. Computex Presentation Reinforces Long-Term Growth Thesis Murphy’s Computex keynote presentation, titled “The Future of AI Scaling Depends on Connectivity,” was viewed by Stifel as further validation of the firm’s long-standing investment case for Marvell. “The address was, in our view, a high-production reaffirmation of the data-infrastructure thesis we have underwritten for some time, and it dovetailed cleanly with the financial trajectory management framed on last week’s F1Q27 call,” Svanberg wrote. The analyst noted that the presentation aligned closely with management’s recent financial outlook and reinforced confidence in the company’s growth prospects. AI and Data Center Demand Continue to Drive Optimism Stifel’s revised valuation is based on a 55-times projected calendar-year 2027 earnings multiple. “Given what we view as the market’s increased acceptance of MRVL’s positioning within the DC/AI supercycle, we reiterate our Buy rating,” Svanberg added. The latest rally highlights investor enthusiasm for companies viewed as key beneficiaries of continued spending on artificial intelligence infrastructure, with Marvell increasingly positioned as a major participant in the sector’s long-term growth story. Original: Marvell Extends Record Rally After Jensen Huang Endorsement and Higher Analyst Target (MRVL)

$MRVL: Utter Bonkers......... now $332.50 in PreMarket

Is this going to $1000 ?????????????


GO $MRVL

Markets Balance AI Optimism Against Geopolitical Risks as Oil Advances: Dow Jones, S&P, Nasdaq, Wall Street FuturesJune 3, 2026 5:24 AM
IH Market News U.S. stock futures traded close to unchanged on Wednesday as investors weighed continued enthusiasm surrounding artificial intelligence against escalating tensions in the Middle East. Energy prices pushed higher once again, while concerns about the global economic outlook intensified following a downgrade to growth forecasts from the OECD. Meanwhile, the Trump administration unveiled plans for new tariffs linked to forced-labor concerns, and SpaceX (NASDAQ:SPCX) was reported to be preparing for a blockbuster public listing that could value the company at approximately $1.75 trillion. Futures Pause Near Record Highs Wall Street futures were little changed in early trading after U.S. equities extended their record-setting run during the previous session. At 03:31 ET, Dow Jones futures were down 109 points, or 0.2%, while S&P 500 futures slipped 0.1%. Nasdaq 100 futures were broadly flat. The benchmark S&P 500 recorded its ninth consecutive record close on Tuesday, marking its longest winning streak of all-time highs since May 2025. The Dow Jones Industrial Average also reached a fresh closing record after rising 0.4%, while the Nasdaq Composite posted a modest gain. All three major U.S. indices have now finished at record closing levels for five straight trading sessions, a feat not achieved since 2017. Semiconductor Rally Continues to Drive Market Gains Technology shares, particularly semiconductor companies, remained a major source of market strength. An index tracking chipmakers climbed 5.9% during Tuesday’s session and has now gained more than 90% since reaching a low point in March 2026. Investors continue to bet on substantial spending related to AI infrastructure, including advanced processors, data centres and networking equipment. Among the standout performers was Marvell Technology (NASDAQ:MRVL), whose shares surged after Nvidia Chief Executive Jensen Huang suggested the company could become the “next trillion-dollar company.” Market participants are also awaiting fresh economic data, including a survey of activity in the U.S. services sector and the latest private-sector employment report for May. Middle East Conflict Remains in Focus Investor sentiment was tempered by renewed military activity involving the United States and Iran. According to Reuters, the U.S. military stated that Iranian aerial attacks targeting Kuwait, Bahrain and other locations were either intercepted or unsuccessful. Iranian state media, however, reported that the Islamic Revolutionary Guard Corps had struck the headquarters of the U.S. Fifth Fleet in Bahrain in response to an American attack on a communications installation south of Qeshm. The latest developments have reduced expectations that a resolution to the conflict is imminent, despite President Donald Trump maintaining that diplomatic discussions between Washington and Tehran remain active. OECD Warns of Growing Economic Risks The prolonged conflict has increased concerns about its impact on global growth, prompting the Organisation for Economic Co-operation and Development (OECD) to lower its economic forecasts. The OECD warned that a continued disruption to energy markets could significantly weaken economic activity worldwide. Chief Economist Stefano Scarpetta noted that under a more severe scenario, shipping disruptions could persist into next year and potentially push some economies close to recession or into outright contraction. Oil Prices Rise as Hormuz Concerns Persist Inflation remains a major concern as higher energy costs continue to feed into the global outlook. The OECD estimated that, under a worst-case scenario, inflation could increase by an additional 0.4 percentage points in 2026 and by 1.3 percentage points in 2027. Much of this concern centres on the Strait of Hormuz, a critical shipping route off Iran’s southern coast that previously handled around one-fifth of global oil and liquefied natural gas flows before the conflict erupted in late February. As prospects for a peace agreement remain uncertain, markets increasingly expect disruptions to tanker traffic to continue, potentially supporting higher oil prices and adding pressure on central banks to maintain tighter monetary policies. Brent crude futures rose 2.0% to $97.93 per barrel. Although prices remain below recent highs above $100, they continue to trade well above levels seen before the conflict began. Washington Proposes New Forced-Labor Tariffs Trade policy also returned to the spotlight after the Trump administration proposed broad new tariffs on imports from 60 economies. The measures follow investigations conducted under Section 301 of the Trade Act, which concluded that these countries had not adequately prevented the import of goods produced through forced labor. U.S. officials argued that these practices placed American businesses and workers at a disadvantage. “The failure of our most important trading partners to address the importation of goods made with forced labor is unacceptable,” said U.S. Trade Representative Jamieson Greer. Under the proposal, economies that already maintain forced-labor import restrictions, have committed to introducing them through trade agreements, or operate limited bans would face additional tariffs of 10%. SpaceX Reportedly Targets $1.75 Trillion IPO Valuation In corporate news, SpaceX (NASDAQ:SPCX) is reportedly preparing one of the largest public offerings in history. Reuters reported that the aerospace and satellite company plans to raise approximately $75 billion by selling around 555.6 million shares at a price of $135 each. The transaction would imply a valuation of roughly $1.75 trillion. The offering is expected to consist entirely of newly issued shares, according to separate Reuters reporting. The IPO roadshow is anticipated to begin on Thursday, while pricing details could be finalized as early as Wednesday. SpaceX is expected to lead a wave of major technology listings, with artificial intelligence companies OpenAI and Anthropic also widely expected to pursue public offerings in the coming months. SpaceX IPO Marvell Technology stock price Original: Markets Balance AI Optimism Against Geopolitical Risks as Oil Advances: Dow Jones, S&P, Nasdaq, Wall Street Futures

I read the news this morning and seen the premarket jump and just got to myself. Yeah this isn't going to unwell for those that are chasing this one today. Great if you are already in! Time to GTF out lol and wait for the helium to let out of The balloon on this one. Unless he's planning on Giving them tens of billions of dollars in contracts for something. But I no news, that's problematic. Be careful on this one.

Yeah, crazy! and only on the words of another company CEO. No fundamental changes. Just absurd why would anyone jump just because Jensen breathes unsightly nonsense

$MRVL: Insanity........... now $275

Whatta day for $270 wkly call holders.


AMAZING ................... so much money being raked in .................CRAZINESS

I was calling it at $75 just late last year............

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176738257


GO $MRVL

Marvell Shares Surge After Nvidia’s Jensen Huang Calls It the Next “Trillion-Dollar Company” (MRVL)June 2, 2026 7:14 AM
IH Market News Marvell Technology (NASDAQ:MRVL) shares soared more than 22% in premarket trading on Tuesday after Nvidia Chief Executive Jensen Huang praised the semiconductor company and described it as the next “trillion-dollar company.” The remarks added to growing investor enthusiasm surrounding Marvell’s role in the rapidly expanding artificial intelligence infrastructure market. AI Demand Continues to Strengthen Growth Outlook The rally follows Marvell’s recent projection that its custom chip business could generate more than $10 billion in annual revenue by fiscal 2029. The company expects growth to be fueled by cloud service providers expanding AI-focused data center capacity and increasing their use of custom-designed semiconductors as they seek alternatives to standard off-the-shelf processors. Marvell has positioned itself as a key supplier in this trend, helping customers develop specialized chips tailored to specific AI workloads. Custom Silicon and Networking Technologies Drive Opportunity Management has pointed to accelerating AI adoption as a major catalyst for demand across several product categories. In addition to custom processors, Marvell supplies advanced interconnect technologies that enable communication between large numbers of chips inside modern data centers. These networking components are critical for linking the massive processor clusters used to train and deploy increasingly sophisticated artificial intelligence models. As AI infrastructure becomes more complex and computationally intensive, demand for these technologies is expected to continue growing. Revenue Forecast Raised Reflecting confidence in its long-term growth prospects, Marvell recently increased its fiscal 2028 revenue target. The company now expects annual revenue of approximately $16.5 billion, compared with its previous forecast of $15 billion. The revised outlook highlights management’s belief that investment in AI infrastructure will remain a powerful growth driver over the coming years. Investor optimism surrounding those opportunities has already translated into substantial share-price gains, with Marvell stock more than doubling since the beginning of the year. Huang and Murphy Share the Stage at Computex The comments from Huang were delivered during Computex in Taipei, where he appeared alongside Marvell Chief Executive Matt Murphy. The appearance brought additional attention to Marvell as investors looked for companies positioned to benefit from the next phase of AI infrastructure spending. Computex has become a key venue for major technology companies to showcase their latest developments in artificial intelligence, semiconductors and computing systems. Nvidia Expands Push Into AI-Powered PCs During the event, Nvidia also introduced a new processor designed to bring artificial intelligence capabilities directly to laptop and desktop computers. The product is intended to compete with offerings from Advanced Micro Devices, Intel and Apple as the race to develop AI-enabled personal computing devices intensifies. Huang said the new RTX Spark PC chip is part of a broader effort between Nvidia and Microsoft to transform the personal computer experience for the AI era. According to Huang, the initiative reflects three years of collaboration between the two companies as they work to “reinvent the PC” through artificial intelligence technologies. With investor interest in AI infrastructure continuing to grow and leading industry figures expressing confidence in its prospects, Marvell remains one of the semiconductor companies most closely watched by the market as demand for custom chips and data center technologies accelerates. Marvell Technology stock price Original: Marvell Shares Surge After Nvidia’s Jensen Huang Calls It the Next “Trillion-Dollar Company” (MRVL)

Marvell Technology, Inc. Reports First Quarter of Fiscal Year 2027 Financial ResultsMay 27, 2026 4:05 PM
Business Wire Q1 Net Revenue: $2.418 billion, a new record, grew by 28% year-on-year Q1 Gross Margin: 52.1% GAAP gross margin; 58.9% non-GAAP gross margin Q1 Diluted income per share: $0.04 GAAP diluted income per share; $0.80 non-GAAP diluted income per share   Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the first quarter of fiscal year 2027. Net revenue for the first quarter of fiscal 2027 was $2.418 billion, $18.0 million above the mid-point of the Company’s guidance provided on March 5, 2026. GAAP net income for the first quarter of fiscal 2027 was $34.5 million, or $0.04 per diluted share. Non-GAAP net income for the first quarter of fiscal 2027 was $718.0 million, or $0.80 per diluted share. Cash flow from operations for the first quarter was $638.8 million, a record high. The Company completed the acquisition of Celestial AI, Inc. (“Celestial”) on February 2, 2026 and the acquisition of XConn Technologies Holdings, Ltd. (“XConn”) on February 10, 2026. Marvell’s financial results include the results of Celestial and XConn for the period from the dates of acquisition through the first quarter of fiscal 2027. “Marvell delivered record first-quarter fiscal 2027 revenue of $2.418 billion, up 28% year-over-year, and guided second-quarter revenue to $2.7 billion at the mid-point, representing 35% year-over-year growth. We expect revenue growth to continue accelerating each quarter throughout fiscal 2027, driven by continued strength in our data center business,” said Matt Murphy, Marvell’s Chairman and CEO. “We are seeing exceptional AI-related bookings, and as a result, we are significantly raising Marvell’s revenue outlook for both fiscal 2027 and fiscal 2028 compared with the guidance we provided last quarter. This improved outlook is being driven by strong demand across a broad set of Marvell solutions, including 800G and 1.6T scale-out optics, 51.2T Ethernet scale-out switches, scale-up optical solutions for NPO and CPO applications, scale-across datacenter interconnect modules, and custom XPU and XPU-attach solutions.” Second Quarter of Fiscal 2027 Financial Outlook Net revenue is expected to be $2.700 billion +/- 5%. GAAP gross margin is expected to be 52.1% to 53.1%. Non-GAAP gross margin is expected to be 58.25% to 59.25%. GAAP operating expenses are expected to be approximately $960 million. Non-GAAP operating expenses are expected to be approximately $600 million. Basic weighted-average shares outstanding are expected to be 899 million. Diluted weighted-average shares outstanding are expected to be 915 million. GAAP diluted net income per share is expected to be $0.37 +/- $0.05 per share. Non-GAAP diluted net income per share is expected to be $0.93 +/- $0.05 per share. GAAP diluted EPS is calculated using basic weighted-average shares outstanding when there is a GAAP net loss, and calculated using diluted weighted-average shares outstanding when there is a GAAP net income. Non-GAAP diluted EPS is calculated using diluted weighted-average shares outstanding. The Company calculated EPS under the two-class method as a result of the issuance of the Series A Convertible Preferred Stock on March 31, 2026. Conference Call Marvell will conduct a conference call on Wednesday, May 27, 2026 at 1:45 p.m. Pacific Time to discuss results for the first quarter of fiscal year 2027. The call will be webcast and can be accessed at the Marvell Investor Relations website at http://investor.marvell.com/. Interested parties may also join the live conference call via telephone by using the ‘Call me™’ link provided in the press release on May 4, 2026, and on the Quarterly Earnings section of the Marvell Investor Relations website, to receive an instant automated call back. To join the call via telephone with operator assistance, please dial 1-877-407-8291 or 1-201-689-8345. A replay of the call can be accessed by dialing 1-877-660-6853 or 1-201-612-7415, passcode 13760544 until Tuesday, June 2, 2026. Discussion of Non-GAAP Financial Measures Non-GAAP financial measures exclude the effect of stock-based compensation expense, amortization of acquired intangible assets, acquisition and divestiture related costs, restructuring and other related charges (gains), (including, but not limited to, recognition of contractual obligations, employee severance costs, and facility exit related charges), change in fair value of contingent consideration liability and forward stock purchase contract, resolution of legal matters, and certain expenses and benefits that are driven primarily by discrete events that management does not consider to be directly related to Marvell’s core business. Although Marvell excludes the amortization of all acquired intangible assets from these non-GAAP financial measures, management believes that it is important for investors to understand that such intangible assets were recorded as part of purchase price accounting arising from acquisitions, and that such amortization of intangible assets that relate to past acquisitions will recur in future periods until such intangible assets have been fully amortized. Investors should note that the use of intangible assets contributed to Marvell’s revenues earned during the periods presented and are expected to contribute to Marvell’s future period revenues as well. Marvell uses a non-GAAP tax rate to compute the non-GAAP tax provision. This non-GAAP tax rate is based on Marvell’s estimated annual GAAP income tax forecast, adjusted to account for items excluded from Marvell’s non-GAAP income, as well as the effects of significant non-recurring and period specific tax items which vary in size and frequency, and excludes tax deductions and benefits from acquired tax loss and credit carryforwards and changes in valuation allowance on acquired deferred tax assets. Marvell’s non-GAAP tax rate is determined on an annual basis and may be adjusted during the year to take into account events that may materially affect the non-GAAP tax rate such as tax law changes; acquisitions; significant changes in Marvell’s geographic mix of revenue and expenses; or changes to Marvell’s corporate structure. For the first quarter of fiscal 2027, a non-GAAP tax rate of 11.0% has been applied to the non-GAAP financial results. Marvell believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to Marvell’s financial condition and results of operations. While Marvell uses non-GAAP financial measures as a tool to enhance its understanding of certain aspects of its financial performance, Marvell does not consider these measures to be a substitute for, or superior to, financial measures calculated in accordance with GAAP. Consistent with this approach, Marvell believes that disclosing non-GAAP financial measures to the readers of its financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP financial measures, allows for greater transparency in the review of its financial and operational performance. Externally, management believes that investors may find Marvell’s non-GAAP financial measures useful in their assessment of Marvell’s operating performance and the valuation of Marvell. Internally, Marvell’s non-GAAP financial measures are used in the following areas: Management’s evaluation of Marvell’s operating performance; Management’s establishment of internal operating budgets; Management’s performance comparisons with internal forecasts and targeted business models; and Management’s determination of the achievement and measurement of certain types of compensation including Marvell’s annual incentive plan and certain performance-based equity awards (adjustments may vary from award to award). Non-GAAP financial measures have limitations in that they do not reflect all of the costs associated with the operations of Marvell’s business as determined in accordance with GAAP. As a result, you should not consider these measures in isolation or as a substitute for analysis of Marvell’s results as reported under GAAP. The exclusion of the above items from our GAAP financial metrics does not necessarily mean that these costs are unusual or infrequent. Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which are subject to the “safe harbor” created by those sections. These statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results to differ materially from those implied by the forward-looking statements. Words such as “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “forecasts,” “targets,” “may,” “can,” “will,” “would” and similar expressions identify such forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, the statements describing our financial outlook and future period revenues. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including, but not limited to: risks related to our ability to estimate customer demand and future sales accurately; our ability to define, design, develop and market products for the data center and communications markets; risks related to our dependence on a few customers for a significant portion of our revenue, particularly as our major customers comprise an increasing percentage of our revenue, as well as risks related to a significant portion of our sales being concentrated in the data center end market; risks related to the potential impact of AI on our business model and products; risks related to the rapid growth of the Company; risks that our customers develop their own solutions, vertically integrate which may reduce the need for our products, or acquire fully developed solutions from third parties; our ability to secure design wins from our customers and prospective customers; our ability to complete and realize the anticipated benefits of any acquisitions, divestitures and investments; supply chain disruptions or component shortages that may impact the production of our products including our kitting process or may impact the price of components which in turn may impact our margins on any impacted products and any constrained availability from other electronic suppliers impacting our customers’ ability to ship their products, which in turn may adversely impact our sales to those customers; the impact of international conflict (such as the current armed conflicts in the Ukraine and in Israel and the Middle East) and economic volatility in either domestic or foreign markets including risks related to trade conflicts or tensions, regulations, and tariffs, including but not limited to, trade restrictions imposed on our Chinese customers; risks related to changes in general macroeconomic conditions, or expectations of such conditions, such as high or rising interest rates, macroeconomic slowdowns, recessions, inflation, and stagflation; risks related to higher inventory levels; risks related to cancellations, rescheduling or deferrals of significant customer orders or shipments, as well as the ability of our customers to manage inventory; our ability to realize the expected benefits from restructuring activities; the risk of downturns in the semiconductor industry or our customer end markets; our ability to retain and hire key personnel; risks related to our return to working full time in the office; cybersecurity risks; our ability to limit costs related to defective products; risks related to our debt obligations; delays or increased costs related to completing the design, development, production and introduction of our new products due to a variety of issues, including supply chain cross-dependencies, dependencies on EDA and similar tools, dependencies on the use of third-party, business partner or customer intellectual property, collaboration and synchronization requirements with business partners and customers, requirements to establish new manufacturing, testing, assembly and packing processes, and other issues; our reliance on our manufacturing partners for the manufacture, assembly, testing and packaging of our products; risks related to the ASIC business model which requires us to use third-party IP including the risk that we may lose business or experience reputational harm if third parties, including customers, lose confidence in our ability to protect their IP rights; the risks associated with manufacturing and selling products and customers’ products outside of the United States; decreases in gross margin and results of operations in the future due to a number of factors, including high or increasing interest rates and volatility in foreign exchange rates; severe financial hardship or bankruptcy of one or more of our major customers; the effects of transitioning to smaller geometry process technologies; the impact of any change in the income tax laws in jurisdictions where we operate and the loss of any beneficial tax treatment that we currently enjoy; the outcome of pending or future litigation and legal and regulatory proceedings; risk related to our Sustainability program; the impact and costs associated with changes in international financial and regulatory conditions; our ability and the ability of our customers to successfully compete in the markets in which we serve; our ability and our customers’ ability to develop new and enhanced products and the adoption of those products in the market; our ability to scale our operations in response to changes in demand for existing or new products and services; risks associated with acquisition and consolidation activity in the semiconductor industry, including any consolidation of our manufacturing partners; our ability to protect our intellectual property; risks related to the issuance of preferred stock; risks related to the impact of future pandemics; our maintenance of an effective system of internal controls; financial institution instability; and other risks detailed in our SEC filings from time to time. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that affect our business described in the “Risk Factors” section of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by us from time to time with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and we assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise. About Marvell To deliver the data infrastructure technology that connects the world, we’re building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world’s leading technology companies for over 30 years, we move, store, process and secure the world’s data with semiconductor solutions designed for our customers’ current needs and future ambitions. Through a process of deep collaboration and transparency, we’re ultimately changing the way tomorrow’s enterprise, cloud and carrier architectures transform—for the better. Marvell® and the Marvell logo are registered trademarks of Marvell and/or its affiliates. Marvell Technology, Inc. Condensed Consolidated Statements of Operations (Unaudited) (In millions, except per share amounts)                   Three Months Ended     May 2,
2026   January 31,
2026   May 3,
2025 Net revenue   $ 2,417.8     $ 2,218.7     $ 1,895.3   Cost of goods sold     1,157.0       1,070.8       942.9   Gross profit     1,260.8       1,147.9       952.4                 Operating expenses:             Research and development     652.3       536.0       507.7   Selling, general and administrative     258.4       198.0       186.4   Restructuring related charges (gains), net     10.7       9.5       (12.3 ) Total operating expenses     921.4       743.5       681.8   Operating income     339.4       404.4       270.6   Interest expense     (52.8 )     (50.8 )     (48.7 ) Other income (expense), net     (203.3 )     28.0       (6.0 ) Interest and other loss, net     (256.1 )     (22.8 )     (54.7 ) Income before income taxes     83.3       381.6       215.9   Provision (benefit) for income taxes     48.8       (14.5 )     38.0   Net income   $ 34.5     $ 396.1     $ 177.9                 Net income per share — basic   $ 0.04     $ 0.47     $ 0.21                 Net income per share — diluted   $ 0.04     $ 0.46     $ 0.20                 Weighted-average shares outstanding - common stock and preferred stock assuming conversion: Basic     882.0       848.0       864.8   Diluted     893.3       856.2       875.6   Marvell Technology, Inc. Condensed Consolidated Balance Sheets (Unaudited) (In millions)       May 2,
2026   January 31,
2026 Assets         Current assets:         Cash and cash equivalents   $ 3,843.6   $ 2,638.8 Accounts receivable, net     1,871.7     2,186.6 Inventories     1,400.9     1,388.0 Prepaid expenses and other current assets     347.8     247.2 Total current assets     7,464.0     6,460.6 Property and equipment, net     972.5     935.0 Goodwill     13,883.5     11,062.2 Acquired intangible assets, net     2,561.5     1,754.7 Deferred tax assets     319.8     345.9 Other non-current assets     1,743.2     1,726.9 Total assets   $ 26,944.5   $ 22,285.3           Liabilities and Stockholders’ Equity         Current liabilities:         Accounts payable   $ 709.7   $ 1,073.8 Accrued liabilities     1,335.6     1,337.1 Accrued employee compensation     231.5     309.8 Short-term debt     —     499.8 Total current liabilities     2,276.8     3,220.5 Long-term debt     4,961.3     3,970.8 Other non-current liabilities     1,490.6     785.6 Total liabilities     8,728.7     7,976.9           Stockholders’ equity:         Preferred stock     —     — Common stock     1.8     1.7 Additional paid-in capital     16,877.5     12,950.9 Retained earnings     1,336.5     1,355.8 Total stockholders’ equity     18,215.8     14,308.4 Total liabilities and stockholders’ equity   $ 26,944.5   $ 22,285.3 Marvell Technology, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited) (In millions)               Three Months Ended     May 2,
2026   May 3,
2025 Cash flows from operating activities:         Net income   $ 34.5     $ 177.9   Adjustments to reconcile net income to net cash provided by operating activities:         Depreciation and amortization     95.4       84.2   Stock-based compensation     207.6       142.1   Amortization of acquired intangible assets     225.2       245.7   Change in fair value of contingent consideration liability     331.8       —   Change in fair value of forward stock purchase contract     (81.1 )     —   Restructuring related charges (gains), net     —       (14.0 ) Deferred income taxes     13.8       (4.3 ) Other expense, net     23.2       44.1   Changes in assets and liabilities, net of acquisitions:         Accounts receivable     314.9       (115.6 ) Prepaid expenses and other assets     (28.5 )     24.1   Inventories     (11.4 )     (69.9 ) Accounts payable     (355.9 )     (37.4 ) Accrued employee compensation     (84.4 )     (117.6 ) Accrued liabilities and other non-current liabilities     (46.3 )     (26.4 ) Net cash provided by operating activities     638.8       332.9   Cash flows from investing activities:         Purchases of technology licenses     (0.5 )     (1.1 ) Purchases of property and equipment     (155.7 )     (118.8 ) Proceeds from sales of property and equipment     —       25.9   Acquisitions, net of cash acquired     (1,270.9 )     —   Other, net     5.7       (0.1 ) Net cash used in investing activities     (1,421.4 )     (94.1 ) Cash flows from financing activities:         Repurchases of common stock     (200.0 )     (340.0 ) Proceeds from employee stock plans     3.3       0.6   Proceeds from issuance of preferred stock     2,000.0       —   Tax withholding paid on behalf of employees for net share settlement     (227.2 )     (50.2 ) Dividend payments to stockholders     (53.8 )     (51.8 ) Payments on technology license obligations     (27.2 )     (26.8 ) Proceeds from borrowings     998.9       200.0   Principal payments of debt     (500.0 )     (32.8 ) Other, net     (6.6 )     (0.2 ) Net cash provided by (used in) financing activities     1,987.4       (301.2 ) Net increase (decrease) in cash and cash equivalents     1,204.8       (62.4 ) Cash and cash equivalents at beginning of period     2,638.8       948.3   Cash and cash equivalents at end of period   $ 3,843.6     $ 885.9   Marvell Technology, Inc. Reconciliations from GAAP to Non-GAAP (Unaudited) (In millions, except per share amounts)                   Three Months Ended     May 2,
2026   January 31,
2026   May 3,
2025 GAAP gross profit   $ 1,260.8     $ 1,147.9     $ 952.4   Special items - expenses (income):             Stock-based compensation     14.2       10.5       11.2   Amortization of acquired intangible assets     150.8       148.8       169.4   Restructuring related charges (a)     (2.0 )     —       —   Other cost of goods sold (b)     —       1.6       0.5   Total special items     163.0       160.9       181.1   Non-GAAP gross profit   $ 1,423.8     $ 1,308.8     $ 1,133.5                 GAAP gross margin     52.1 %     51.7 %     50.3 % Stock-based compensation     0.6 %     0.5 %     0.6 % Amortization of acquired intangible assets     6.3 %     6.7 %     8.9 % Restructuring related charges (a)     (0.1 )%     — %     — % Other cost of goods sold (b)     — %     0.1 %     — % Non-GAAP gross margin     58.9 %     59.0 %     59.8 %               GAAP operating expenses   $ 921.4     $ 743.5     $ 681.8   Special items - (expenses) income:             Stock-based compensation     (193.4 )     (132.5 )     (130.9 ) Amortization of acquired intangible assets     (74.4 )     (74.8 )     (76.3 ) Restructuring related charges (a)     (10.7 )     (9.5 )     12.3   Other (c)     (66.0 )     (9.7 )     (0.7 ) Total special items     (344.5 )     (226.5 )     (195.6 ) Non-GAAP operating expenses   $ 576.9     $ 517.0     $ 486.2                 GAAP operating income   $ 339.4     $ 404.4     $ 270.6   Special items - expenses (income):             Stock-based compensation     207.6       143.0       142.1   Amortization of acquired intangible assets     225.2       223.6       245.7   Restructuring related charges (a)     8.7       9.5       (12.3 ) Other cost of goods sold (b)     —       1.6       0.5   Other (c)     66.0       9.7       0.7   Total special items     507.5       387.4       376.7   Non-GAAP operating income   $ 846.9     $ 791.8     $ 647.3                 GAAP operating margin     14.0 %     18.2 %     14.3 % Stock-based compensation     8.6 %     6.4 %     7.5 % Amortization of acquired intangible assets     9.3 %     10.1 %     13.0 % Restructuring related charges (a)     0.4 %     0.4 %     (0.6 )% Other cost of goods sold (b)     — %     0.1 %     — % Other (c)     2.7 %     0.5 %     — % Non-GAAP operating margin     35.0 %     35.7 %     34.2 % GAAP interest and other loss, net   $ (256.1 )   $ (22.8 )   $ (54.7 ) Special items - expenses (income):             Change in fair value of contingent consideration liability, net of forward stock purchase contract     250.7       —       —   Other (c)     (34.7 )     (7.8 )     7.4   Total special items     216.0       (7.8 )     7.4   Non-GAAP interest and other loss, net   $ (40.1 )   $ (30.6 )   $ (47.3 )               GAAP net income   $ 34.5     $ 396.1     $ 177.9   Special items - expenses (income):             Stock-based compensation     207.6       143.0       142.1   Amortization of acquired intangible assets     225.2       223.6       245.7   Restructuring related charges (a)     8.7       9.5       (12.3 ) Other cost of goods sold (b)     —       1.6       0.5   Change in fair value of contingent consideration liability, net of forward stock purchase contract     250.7       —       —   Other (c)     31.3       1.9       8.1   Pre-tax total special items     723.5       379.6       384.1   Other income tax effects and adjustments (d)     (40.0 )     (90.6 )     (22.0 ) Non-GAAP net income   $ 718.0     $ 685.1     $ 540.0                                             GAAP weighted-average shares outstanding — basic     882.0       848.0       864.8   GAAP weighted-average shares outstanding — diluted     893.3       856.2       875.6   Non-GAAP weighted-average shares outstanding — diluted     893.3       856.2       875.6                 GAAP diluted net income per share   $ 0.04     $ 0.46     $ 0.20   Non-GAAP diluted net income per share   $ 0.80     $ 0.80     $ 0.62   (a) Restructuring and other related items include gain on sale of property, recognition of contractual obligations, employee severance costs, facility exit related charges, and other.     (b) Other cost of goods sold include product claim related matters.     (c) Other costs in operating expenses, operating income and interest and other loss, net include acquisition and divestiture related costs, gain or loss on investments, and gain on sale of intellectual property.     (d) Other income tax effects and adjustments relate to tax provision based on a non-GAAP income tax rate of 11.0% for the three months ended May 2, 2026. Other income tax effects and adjustments relate to tax provision based on a non-GAAP income tax rate of 10.0% for the three months ended January 31, 2026 and May 3, 2025. Marvell Technology, Inc. Outlook for the Second Quarter of Fiscal Year 2027 Reconciliations from GAAP to Non-GAAP (Unaudited) (In millions, except per share amounts)           Outlook for Three Months Ended August 1, 2026 GAAP net revenue $2,700 +/- 5% Special items: — Non-GAAP net revenue $2,700 +/- 5%     GAAP gross margin 52.1% - 53.1% Special items:   Stock-based compensation ~0.8% Amortization of acquired intangible assets ~5.3% Non-GAAP gross margin 58.25% - 59.25%     Total GAAP operating expenses ~$960 Special items:   Stock-based compensation 282 Amortization of acquired intangible assets 72 Restructuring related charges 1 Other 5 Total non-GAAP operating expenses ~$600         GAAP diluted net income per share $0.37 +/- $0.05 Special items:   Stock-based compensation 0.33 Amortization of acquired intangible assets 0.23 Other income tax effects and adjustments (0.05) Other 0.05 Non-GAAP diluted net income per share $0.93 +/- $0.05 Quarterly Revenue Trend (Unaudited) Our product solutions serve two end markets: (i) data center and (ii) communications and other. These markets and their corresponding customer products and applications are noted in the table below: End market Customer products and applications Data center Cloud and on-premise Artificial intelligence (“AI”) systems Cloud and on-premise ethernet switching Cloud and on-premise network-attached storage (“NAS”) Cloud and on-premise AI servers Cloud and on-premise general-purpose servers Cloud and on-premise storage area networks Cloud and on-premise storage systems Data center interconnect (“DCI”)   Communications and other Enterprise networking Campus and small medium enterprise routers Campus and small medium enterprise ethernet switches Campus and small medium enterprise wireless access points (“WAPs”) Network appliances (firewalls, and load balancers) Workstations Carrier infrastructure Broadband access systems Ethernet switches Optical transport systems Routers Wireless radio access network (“RAN”) systems Consumer Broadband gateways and routers Gaming consoles Home data storage Home wireless access points (“WAPs”) Personal Computers (“PCs”) Printers Set-top boxes Automotive/industrial Advanced driver-assistance systems (“ADAS”)* Autonomous vehicles (“AV”)* In-vehicle networking* Industrial ethernet switches United States military and government solutions Video surveillance * These customer products and applications were divested as part of the automotive ethernet business sale on August 14, 2025. Quarterly Revenue Trend (Unaudited) (Continued)     Three Months Ended   % Change Revenue by End Market (In millions) May 2,
2026   January 31,
2026   May 3,
2025   YoY   QoQ Data center $ 1,832.7   $ 1,651.3   $ 1,440.6   27 %   11 % Communications and other   585.1     567.4     454.7   29 %   3 % Total Net Revenue $ 2,417.8   $ 2,218.7   $ 1,895.3   28 %   9 %           Three Months Ended Revenue by End Market % of Total         May 2,
2026   January 31,
2026   May 3,
2025 Data center         76 %   74 %   76 % Communications and other         24 %   26 %   24 % Total Net Revenue         100 %   100 %   100 %   View source version on businesswire.com: https://www.businesswire.com/news/home/20260527144543/en/ For further information, contact:
Ashish Saran
Senior Vice President, Investor Relations
408-222-0777
ir@marvell.com Original: Marvell Technology, Inc. Reports First Quarter of Fiscal Year 2027 Financial Results

Marvell shares jump after analysts lift price targets ahead of earnings (MRVL)May 26, 2026 8:58 AM
IH Market News Shares of Marvell Technology (NASDAQ:MRVL) surged 7% on Tuesday after several Wall Street firms raised their price targets ahead of the company’s earnings release scheduled for Wednesday. HSBC issues Street-high target on AI infrastructure optimism HSBC upgraded Marvell to Buy and increased its price target to $300 from $85, establishing the highest target currently on Wall Street. HSBC analyst Frank Lee said the market continues to underestimate Marvell’s long-term growth potential in optical interconnect and compute express link technologies. The new target implies upside of roughly 53% from current levels and surpassed the previous Street-high target of $230 issued earlier Tuesday by Susquehanna Financial Group. Analysts expect strong growth in optical networking demand Lee raised his fiscal 2027 revenue forecast for Marvell’s optical interconnect business to $5.2 billion, approximately 10% above consensus expectations. For fiscal 2028, HSBC now projects revenue of $8.8 billion, around 37% higher than analyst consensus. The firm expects the optical transceiver market to expand by 70% in 2027 as artificial intelligence infrastructure evolves from single-rack systems into larger multi-rack AI factory deployments. “We believe the revenue growth from optical interconnect is still being underestimated by the market, which will lead to upside to consensus forecasts over the next two years,” Lee wrote. DSP leadership and AI demand seen driving earnings upside HSBC highlighted Marvell’s dominant position in digital signal processors, noting the products maintain a one-to-one attachment rate with optical transceivers. The bank increased its fiscal 2027 and 2028 earnings-per-share estimates by 21% and 61%, respectively, to $4.07 and $7.12. HSBC also applied a target valuation multiple of 42 times projected fiscal 2028 earnings. Lee further pointed to potential upside from rising compute express link demand tied to memory shortages and increasing CPU requirements for agentic AI applications. The firm’s ASIC revenue estimates for fiscal 2028 and 2029 are now 16% and 24% above consensus forecasts. Susquehanna and Stifel also turn more bullish Susquehanna Financial raised its target price on Marvell to $230 from $100 while maintaining a positive rating. Analyst Christopher Rolland noted that Amazon increased projected capital expenditure to $218 billion from $200 billion following first-quarter results from AWS. Rolland also highlighted a recent agreement between Anthropic and Amazon involving up to five gigawatts of computing capacity. Regarding Marvell’s Inphi business, Rolland said shipments of 800G transceiver modules are expected to double again in 2026 after already doubling during 2025. Meanwhile, Stifel analyst Tore Svanberg increased his Marvell target price to $210 from $140 on Friday while reiterating a Buy rating. Marvell Technology stock price Original: Marvell shares jump after analysts lift price targets ahead of earnings (MRVL)

Semiconductor shares climb in premarket trade as investor confidence improvesMay 26, 2026 8:55 AM
IH Market News U.S. semiconductor stocks moved broadly higher in premarket trading on Tuesday, with memory chipmakers and AI infrastructure companies leading gains as market sentiment improved following signs of progress in negotiations between the United States and Iran. The rally followed strength across Asian markets, where artificial intelligence-linked technology stocks advanced in both Hong Kong and South Korea. Micron leads sector gains after bullish UBS upgrade Micron Technology (NASDAQ:MU) emerged as one of the strongest performers, rising 6% before the open after UBS more than tripled its price target on the company to $1,625. UBS said expanding long-term supply agreements across the memory sector could fundamentally reshape Micron’s earnings outlook over time. AI and chip stocks extend broader rally Elsewhere in the semiconductor sector, Marvell Technology (NASDAQ:MRVL) gained 5%, while SanDisk (NASDAQ:SNDK) advanced 3.1%. Qualcomm (NASDAQ:QCOM) rose 2.4%, and Advanced Micro Devices (NASDAQ:AMD) added 2.7%. Meanwhile, Arm Holdings (NASDAQ:ARM) climbed 1.7%, while AI chip leader NVIDIA (NASDAQ:NVDA) traded 1.2% higher. UBS highlights data centre demand as major growth driver Last week, UBS raised its year-end target for the S&P 500 index to 7,900, pointing to what it described as “seemingly insatiable demand for data center infrastructure” as a major factor supporting stronger earnings expectations. Middle East developments remain in focus Investors continue to monitor geopolitical developments in the Middle East, where the prolonged closure of the Strait of Hormuz has created heightened uncertainty across global financial markets in recent months. However, indications of progress in U.S.-Iran peace negotiations helped improve sentiment in Tuesday’s premarket session, although investors remain cautious given the fragile and evolving nature of the situation. Micron Technology stock price Marvell Technology stock price SanDisk stock price Qualcomm stock price Advanced Micro Devices stock price Arm Holdings stock price Nvidia stock price Original: Semiconductor shares climb in premarket trade as investor confidence improves

Marvell Technology, Inc. Announces Conference Call to Review First Quarter of Fiscal Year 2027 Financial ResultsMay 4, 2026 4:05 PM
Business Wire Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced it will conduct a conference call following the release of its first quarter of fiscal year 2027 financial results on Wednesday, May 27, 2026, at 1:45 p.m. Pacific Time. Conference Call Interested parties may join the live conference call without operator assistance at Call me™ (link will be active approximately 30 minutes before the call) to receive an instant automated callback. To join the call with operator assistance, please dial 1-877-407-8291 or 1-201-689-8345. The call will be webcast and can be accessed at the Marvell Investor Relations website at http://investor.marvell.com/. A replay of the call can be accessed by dialing 1-877-660-6853 or 1-201-612-7415, passcode 13760544 until Tuesday, June 2, 2026. About Marvell To deliver the data infrastructure technology that connects the world, we’re building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world’s leading technology companies for over 30 years, we move, store, process and secure the world’s data with semiconductor solutions designed for our customers’ current needs and future ambitions. Through a process of deep collaboration and transparency, we’re ultimately changing the way tomorrow’s enterprise, cloud and carrier architectures transform—for the better. Marvell and the Marvell logo are registered trademarks of Marvell and/or its affiliates. View source version on businesswire.com: https://www.businesswire.com/news/home/20260504465226/en/ For further information, contact:
Ashish Saran
Senior Vice President, Investor Relations
408-222-0777
ir@marvell.com Original: Marvell Technology, Inc. Announces Conference Call to Review First Quarter of Fiscal Year 2027 Financial Results

https://hyperframeresearch.com/2026/04/28/marvell-unlocks-the-physics-layer-mastering-plasmonic-integration-to-paceset-the-6-4t-ai-connectivity-era/

futr

Marvell Announces Acquisition of Polariton Technologies, Advancing Optical Performance Scaling to 3.2T and Beyond

And the secret sauce enabling Polariton's next generations of modulators happens to be dependent on technology patented,developed,and owned by Lightwave Logic publicly traded on the Nasdaq LWLG-

https://investorshub.advfn.com/stock-market/NASDAQ/marvell-technology-MRVL/stock-news/98337946/marvell-announces-acquisition-of-polariton-technol

futr

NVIDIA commits $2 billion investment in Marvell to expand AI infrastructure collaborationMarch 31, 2026 11:09 AM
IH Market News
NVIDIA Corporation (NASDAQ:NVDA) announced a $2 billion investment in Marvell Technology Inc. (NASDAQ:MRVL) as part of a strategic partnership aimed at strengthening NVIDIA’s artificial intelligence infrastructure ecosystem through its NVLink Fusion technology.The collaboration will integrate Marvell into NVIDIA’s AI factory and AI-RAN ecosystem using NVLink Fusion, a rack-scale platform designed to help customers build semi-custom AI infrastructure. Under the agreement, Marvell will develop custom XPUs and NVLink Fusion-compatible scale-up networking, while NVIDIA will contribute technologies including the Vera CPU, ConnectX NICs, BlueField DPUs, NVLink interconnects, and Spectrum-X networking switches.Beyond computing infrastructure, the companies also plan to work together on silicon photonics technology and explore ways to transform telecommunications networks into AI-driven infrastructure using NVIDIA Aerial AI-RAN for future 5G and 6G networks.“The inference inflection has arrived. Token generation demand is surging, and the world is racing to build AI factories,” said Jensen Huang, founder and CEO of NVIDIA. “Together with Marvell, we are enabling customers to leverage NVIDIA’s AI infrastructure ecosystem and scale to build specialized AI compute.”Matt Murphy, chairman and CEO of Marvell, said the partnership “reflects the growing importance of high-speed connectivity, optical interconnect and accelerated infrastructure in scaling AI.” He added that combining Marvell’s expertise in high-performance analog technology, optical DSP, silicon photonics, and custom silicon with NVIDIA’s AI platform will allow customers to deploy scalable AI systems more efficiently.NVIDIA said the NVLink Fusion platform enables heterogeneous AI environments that integrate seamlessly with NVIDIA’s GPU, networking, and storage solutions while remaining compatible with the company’s broader technology stack and supply chain ecosystem.Nvidia stock priceMarvell Technology stock price

Original: NVIDIA commits $2 billion investment in Marvell to expand AI infrastructure collaboration

MRVL getting a $2B investment tied to Nvidia is a strong signal that it’s becoming more embedded in the AI infrastructure stack. That kind of validation usually brings more attention and potential upside if execution follows.

Marvell Technology, Inc. Declares Quarterly Dividend PaymentMarch 19, 2026 4:05 PM
Business Wire
Marvell Technology, Inc. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on April 30, 2026 to stockholders of record as of April 10, 2026.


About Marvell


To deliver the data infrastructure technology that connects the world, we’re building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world’s leading technology companies for over 30 years, we move, store, process and secure the world’s data with semiconductor solutions designed for our customers’ current needs and future ambitions. Through a process of deep collaboration and transparency, we’re ultimately changing the way tomorrow’s enterprise, cloud and carrier architectures transform—for the better.


Marvell® and the Marvell logo are registered trademarks of Marvell and/or its affiliates.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260319509423/en/
For further information, contact:

Ashish Saran

Senior Vice President, Investor Relations

408-222-0777

ir@marvell.com


Original: Marvell Technology, Inc. Declares Quarterly Dividend Payment

Marvell and Lumentum to showcase optical circuit switching for AI data centers at OFC 2026March 16, 2026 11:29 AM
IH Market News
Marvell Technology (NASDAQ:MRVL) and Lumentum Holdings (NASDAQ:LITE) said they will present a live demonstration of integrated optical networking technologies designed for next-generation artificial intelligence infrastructure at the OFC 2026 conference in Los Angeles.The demonstration will feature Marvell optical connectivity solutions working alongside Lumentum’s optical circuit switching (OCS) platform in a rack-level system. The joint setup will be displayed at Marvell’s booth during the event, scheduled for March 17–19 at the Los Angeles Convention Center.The companies said the technology is aimed at addressing rapidly rising data traffic driven by large-scale AI workloads. As data centers expand to support increasingly complex AI models, operators are seeking networking architectures capable of delivering higher bandwidth, lower latency and improved power efficiency.Optical circuit switching enables direct optical connections between endpoints, allowing large AI clusters to move data more quickly while reducing power consumption. The approach also avoids intermediate packet processing and optical-electrical-optical conversions common in traditional network designs.The demonstration will combine several Marvell products—including its Aquila 1.6T coherent-lite DSPs, Ara 1.6T PAM4 optical DSPs and the COLORZ 800 ZR/ZR+ data-center interconnect module—with Lumentum’s R300 optical circuit switch. According to the companies, the setup is designed to create high-bandwidth optical paths that can dynamically adapt to changing AI workloads while improving network efficiency.The system will also incorporate Marvell’s RELIANT platform, which provides telemetry, analytics and automation tools intended to improve monitoring and optimization of connectivity infrastructure.“AI is redefining every layer of the data center stack, and connectivity is at the center of that transformation,” said Xi Wang, senior vice president and general manager of the Connectivity Business Unit at Marvell. “By demonstrating Marvell optical connectivity solutions interoperating with Lumentum’s OCS platform, we’re showcasing how tomorrow’s AI networks can achieve massive gains while delivering breakthrough gains in performance, power efficiency and architectural agility.”“AI scaling is pushing conventional packet-based networks beyond their practical limits,” said Peter Roorda, general manager of Switching at Lumentum. “The R300 optical circuit switch delivers large-port-count, software-controlled optical connectivity that enables predictable low-latency paths while reducing the power overhead associated with traditional switching layers. Our demonstration with Marvell illustrates how circuit switching and advanced DSP technologies can be combined to build scalable, high-performance AI fabrics.”



About Marvell



Marvell develops semiconductor technologies for data infrastructure used across enterprise, cloud and telecommunications networks. The company focuses on solutions that enable the movement, storage, processing and security of data, working closely with major technology firms to support next-generation digital infrastructure.



About Lumentum



Lumentum specializes in optical and photonic technologies used in communications networks, cloud computing systems and AI infrastructure. The company produces lasers, optical modules and related components designed to support high-speed data transmission and scalable connectivity in modern data centers and telecommunications systems. Headquartered in San Jose, California, Lumentum operates research, manufacturing and sales facilities globally.Marvell Technology stock priceLumentum stock price

Original: Marvell and Lumentum to showcase optical circuit switching for AI data centers at OFC 2026

Marvell to Showcase Industry-leading, End-to-End Connectivity Solutions for AI Data Center Infrastructure at OFC 2026March 12, 2026 9:05 AM
Business Wire
Over 100 Marvell and Ecosystem Partner Technology Demos and High-profile Executive Presentations Underscore Marvell Position as a Driving Force in Next-gen AI Infrastructure


Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced it will showcase the industry’s most comprehensive portfolio of AI data center connectivity solutions at OFC 2026—March 15 to 19 at the Los Angeles Convention Center in Los Angeles, California.


As AI infrastructure scales exponentially, connectivity has become the primary bottleneck of modern hyperscale and cloud data centers, and new, dedicated semiconductor interconnect solutions are required to address the increasing performance, power, design, security and application-specific challenges.


With an unmatched breadth and depth of expertise and a comprehensive connectivity portfolio—including advanced SerDes and die-to-die technology, industry-first DSPs, drivers and TIAs, DCI modules, data center switches and advanced telemetry capabilities—Marvell is uniquely positioned to provide customers with the performance, power efficiency and design flexibility required to keep up with the explosive growth of next-generation AI data centers.


At OFC 2026 (Booth #1600), Marvell will showcase more than 20 demos, highlighting the latest advances in its end-to-end data center connectivity portfolio for scale-up, scale-out and scale-across applications, including:



40G die-to-die: Marvell 3nm die-to-die (D2D) IP provides the required power-, latency- and error-efficient access needed for on-package D2D connections, including HBM.



PCIe® 8.0 SerDes: Marvell PCIe 8.0 SerDes running at 256 gigatransfers-per-second (GT/s) enables hyperscalers' transition to next-generation, high-bandwidth and low-latency connections to external resources.



CXL solutions: Marvell® Structera™ CXL-based near-memory acceleration and memory expansion enables optimal compute and memory scaling to maximize performance and address sustainability.



1.6T transmit-retimed optics: The Marvell Ara T DSP is the first 8x200G transmit-retimed optics (TRO) PAM4 DSP, offering significant generational performance gains and power savings over fully retimed optics (FRO).



200G/lambda 1.6T PAM4 optical interconnect: Marvell Ara DSP is the industry’s first 3nm 1.6T PAM4 optical DSP featuring 200 Gbps electrical and optical interfaces for AI scale out.



Marvell Photonic Fabric™ technology platform: The platform enables multi-rack optical scale up to meet the reach, bandwidth, latency and energy demands of next-generation AI clusters.



UEC-ready data center switch: Marvell Teralynx® switch silicon delivers AI workload traffic optimization at 800GE, trimming-based congestion management and support for UET and PoCEv2 payloads in a multi-tenant environment.



C- and L-band 800G ZR/ZR+ pluggable optics: Marvell COLORZ® pluggable optics significantly reduce DCI capital costs compared to traditional OTN systems.



Interconnect telemetry platform: The Marvell RELIANT™ end-to-end telemetry, analytics and intelligence platform provides real-time visibility, predictive insight, and automated optimization across the Marvell connectivity portfolio.



In addition, across the OFC exhibit hall, the vast ecosystem of Marvell technology partners will offer more than 80 demos powered by Marvell devices and technologies, underscoring the pivotal role Marvell is playing in driving the next evolution in AI infrastructure innovation.


Marvell Executive Presentations and Industry Panels at OFC 2026


Throughout OFC, Marvell executives will participate in presentations and panels on optical communications and networking topics for next-generation AI data center infrastructure. This includes several presentations during the Optica Executive Forum, as well as notable presentations throughout the conference. Co-located with OFC, the Optica Executive Forum features C-level panelists discussing the latest issues facing the industry. The full agenda of Marvell speakers at OFC 2026 and the Optica Executive Forum is available here.


About Marvell


To deliver the data infrastructure technology that connects the world, we’re building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world’s leading technology companies for over 30 years, we move, store, process and secure the world’s data with semiconductor solutions designed for our customers’ current needs and future ambitions. Through a process of deep collaboration and transparency, we’re ultimately changing the way tomorrow’s enterprise, cloud and carrier architectures transform—for the better.


Marvell and the M logo are trademarks of Marvell or its affiliates. Please visit www.marvell.com for a complete list of Marvell trademarks. Other names and brands may be claimed as the property of others.


This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future events, results or achievements. Actual events, results or achievements may differ materially from those contemplated in this press release. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict, including those described in the “Risk Factors” section of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by us from time to time with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and no person assumes any obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260312724991/en/
Media Contact:

George Millington

pr@marvell.com


Original: Marvell to Showcase Industry-leading, End-to-End Connectivity Solutions for AI Data Center Infrastructure at OFC 2026

92 in regular session. 🚀

U.S. futures edge up as Middle East tensions persist; jobs report in focus: Dow Jones, S&P, Nasdaq, Wall StreetMarch 6, 2026 5:25 AM
IH Market News
Futures tied to the main U.S. stock indices moved slightly higher on Friday as investors continued to evaluate the escalating conflict involving Iran, which has yet to show signs of easing. Oil prices remain on track for strong weekly gains amid concerns over supply disruptions through the crucial Strait of Hormuz. Meanwhile, markets are preparing for the release of the February U.S. employment report, while shares of Marvell Technology (NASDAQ:MRVL) surged after the chipmaker lifted its revenue outlook on the back of strong artificial intelligence-driven demand for data centers.



Futures rise as Iran conflict continues



U.S. equity futures posted modest gains, though market sentiment remained cautious as the conflict involving Iran entered its seventh day.At 03:06 ET, Dow futures were up 50 points, or 0.1%. S&P 500 futures rose 8 points, or 0.1%, while Nasdaq 100 futures advanced 65 points, or 0.3%.Wall Street’s main indices had declined in the previous session, weighed down by rising oil prices and growing fears that supplies could be disrupted through the Strait of Hormuz south of Iran.U.S. crude prices have climbed nearly 21% since the United States and Israel carried out coordinated strikes against Iran. The conflict has since spread across parts of the Middle East and the Persian Gulf, raising concerns about oil flows from the region.Average gasoline prices in the United States have increased by 27 cents since the start of the attacks, reaching $3.25 per gallon, Reuters reported, citing data from travel group AAA.With fuel costs rising, some investors are increasingly worried that a prolonged conflict could trigger renewed inflationary pressures, potentially delaying any Federal Reserve interest rate cuts later this year. U.S. Treasury yields have moved higher, putting additional pressure on equities.Outside the United States, higher oil prices have weighed on Asian markets and currencies, particularly in South Korea, which relies heavily on oil imports passing through the Strait of Hormuz. South Korea’s Kospi index ended the session roughly unchanged but has declined 10.56% over the past week. Major European indices are also heading for their steepest weekly losses since last April.



Oil prices set for strong weekly gains



Crude prices remain on course for significant weekly increases as traders worry that the conflict could disrupt shipping through the Strait of Hormuz, a route that carries roughly one-fifth of global oil supplies.In an attempt to calm markets, the United States has announced it will temporarily allow Russian oil sales to India for a period of 30 days.“While this might help put some immediate downward pressure on the market, it is not a game-changer. The only way for prices to come down on a sustained basis is a resumption of oil flows through the Strait of Hormuz,” analysts at ING said in a note.According to Reuters, the U.S. Treasury Department is also expected to introduce measures designed to help contain energy prices through financial market mechanisms.Meanwhile, the military conflict shows little sign of easing. Israel has carried out strikes on Hezbollah targets in Lebanon and on infrastructure in Tehran, while Iran’s Revolutionary Guards have launched drones and missile attacks toward Tel Aviv, according to media reports.Iran has also delayed naming a successor to Ayatollah Ali Khamenei, who was killed in U.S. and Israeli airstrikes, the New York Times reported. Mojtaba Khamenei, the son of the late supreme leader, is widely seen as the leading candidate, though U.S. President Donald Trump described the potential appointment as “unacceptable.”



Jobs report due



Although the Middle East conflict has dominated headlines this week, investors are also awaiting key economic data on Friday with the release of the February U.S. employment report.Economists expect the U.S. economy to have added around 58,000 jobs last month, down from 130,000 in January, while the unemployment rate is forecast to remain steady at 4.3%.Federal Reserve officials have been closely monitoring labor market conditions, which have remained relatively resilient even though hiring activity has been subdued. The Fed has kept interest rates unchanged while waiting for clearer signals about the future path of employment.Artificial intelligence developments may also influence how the labor data is interpreted. Analysts and workers have warned that the rapid adoption of AI tools could eventually lead to widespread white-collar job losses as companies use the technology to improve productivity and reduce costs. Concerns intensified last week after Jack Dorsey’s payments company Block announced plans to cut roughly 40% of its workforce.



Marvell shares surge



Shares of Marvell Technology jumped more than 14% in after-hours trading after the semiconductor firm raised its annual revenue forecast, citing strong spending on data center infrastructure driven by artificial intelligence.Major technology companies such as Amazon and Microsoft are investing heavily in AI and plan to spend billions expanding the data centers required to support the emerging technology.Companies like Marvell, which develops networking and connectivity technology that allows data to flow efficiently within large computing systems, have benefited significantly from this surge in spending.Chief Executive Matt Murphy told investors the company now expects fiscal 2027 revenue to increase by more than 30% year-on-year to nearly $11 billion. Marvell’s data center segment in particular is expected to drive revenue growth in each quarter of fiscal 2027.



Nvidia reportedly halts China chip production at TSMC



Nvidia (NASDAQ:NVDA) has reportedly asked semiconductor manufacturer TSMC (NYSE:TSM) to halt production of chips destined for China as the company continues to face restrictions linked to U.S. export controls, according to the Financial Times.The report said Nvidia has shifted manufacturing capacity at TSMC away from its H200 processors toward the next-generation Vera Rubin platform.The move suggests Nvidia no longer expects significant sales of its H200 chips in China, especially given ongoing uncertainty over U.S. export rules and increased regulatory scrutiny in China.President Trump indicated in December that Nvidia would be allowed to sell the H200 chip in China. Although the processor is not the newest in Nvidia’s lineup, it remains the most advanced AI chip the company is permitted to export to China under current U.S. restrictions.However, sales in the country have reportedly slowed as U.S. lawmakers push for tighter controls and Chinese regulators seek to reduce reliance on foreign AI technology as part of Beijing’s broader push for technological self-sufficiency.Marvell Technology stock priceNvidia stock priceTaiwan Semiconductor stock price

Original: U.S. futures edge up as Middle East tensions persist; jobs report in focus: Dow Jones, S&P, Nasdaq, Wall Street

MRVL - Nice ER beat and raise tonight. 🚀
87 in after hours

Marvell Technology, Inc. Reports Fourth Quarter and Fiscal Year 2026 Financial ResultsMarch 5, 2026 4:05 PM
Business Wire

Q4 Net Revenue: $2.219 billion, a new record, grew by 22% year-on-year



Q4 Gross Margin: 51.7% GAAP gross margin; 59.0% non-GAAP gross margin



Q4 Diluted income per share: $0.46 GAAP diluted income per share; $0.80 non-GAAP diluted income per share



Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the fourth fiscal quarter and fiscal year ended January 31, 2026.


Net revenue for the fourth quarter of fiscal 2026 was $2.219 billion, $19.0 million above the mid-point of the Company’s guidance provided on December 2, 2025. GAAP net income for the fourth quarter of fiscal 2026 was $396.1 million, or $0.46 per diluted share. Non-GAAP net income for the fourth quarter of fiscal 2026 was $685.1 million, or $0.80 per diluted share. Cash flow from operations for the fourth quarter was $373.7 million.


Net revenue for fiscal 2026 was $8.195 billion, a new record. GAAP net income for fiscal 2026 was $2.670 billion, or $3.07 per diluted share. Non-GAAP net income for fiscal 2026 was $2.466 billion, or $2.84 per diluted share.


“Marvell delivered record fiscal 2026 revenue of $8.195 billion, growing 42% year-over-year, driven by robust AI demand. We also delivered GAAP EPS of $3.07 and non-GAAP EPS of $2.84, up 81% year-over-year, demonstrating the strong operating leverage in our business model,” said Matt Murphy, Marvell’s Chairman and CEO. “We expect year-over-year revenue growth to accelerate each quarter in fiscal 2027, driven by continued strength in our data center business, with bookings continuing to grow at a record pace. In addition to our strong results and outlook, our design wins in fiscal 2026 hit an all-time record, which we expect will continue to fuel our future growth.”


The financial outlook for the first quarter of fiscal 2027 includes expected results of Celestial AI and XConn Technologies as both acquisitions closed subsequent to our fiscal 2026 year end.


First Quarter of Fiscal 2027 Financial Outlook



Net revenue is expected to be $2.400 billion +/- 5%.



GAAP gross margin is expected to be 51.4% to 52.4%.



Non-GAAP gross margin is expected to be 58.25% to 59.25%.



GAAP operating expenses are expected to be approximately $872 million.



Non-GAAP operating expenses are expected to be approximately $575 million.



Basic weighted-average shares outstanding are expected to be 876 million.



Diluted weighted-average shares outstanding are expected to be 883 million.



GAAP diluted net income per share is expected to be $0.31 +/- $0.05 per share.



Non-GAAP diluted net income per share is expected to be $0.79 +/- $0.05 per share.



GAAP diluted EPS is calculated using basic weighted-average shares outstanding when there is a GAAP net loss, and calculated using diluted weighted-average shares outstanding when there is a GAAP net income. Non-GAAP diluted EPS is calculated using diluted weighted-average shares outstanding.


Conference Call


Marvell will conduct a conference call on Thursday, March 5, 2026 at 1:45 p.m. Pacific Time to discuss results for the fourth fiscal quarter and fiscal year 2026. The call will be webcast and can be accessed at the Marvell Investor Relations website at http://investor.marvell.com/. Interested parties may also join the live conference call via telephone by using the ‘Call me™’ link provided in the press release on February 9, 2026, and on the Quarterly Earnings section of the Marvell Investor Relations website, to receive an instant automated call back. To join the call via telephone with operator assistance, please dial 1-877-407-8291 or 1-201-689-8345. A replay of the call can be accessed by dialing 1-877-660-6853 or 1-201-612-7415, passcode 13758656 until Thursday, March 12, 2026.


Discussion of Non-GAAP Financial Measures


Non-GAAP financial measures exclude the effect of stock-based compensation expense, amortization of acquired intangible assets, gain on sale of business, acquisition and divestiture related costs, restructuring and other related charges (including, but not limited to, asset impairment charges, recognition of contractual obligations, employee severance costs, and facility exit related charges), resolution of legal matters, and certain expenses and benefits that are driven primarily by discrete events that management does not consider to be directly related to Marvell’s core business. Although Marvell excludes the amortization of all acquired intangible assets from these non-GAAP financial measures, management believes that it is important for investors to understand that such intangible assets were recorded as part of purchase price accounting arising from acquisitions, and that such amortization of intangible assets that relate to past acquisitions will recur in future periods until such intangible assets have been fully amortized. Investors should note that the use of intangible assets contributed to Marvell’s revenues earned during the periods presented and are expected to contribute to Marvell’s future period revenues as well.


Marvell uses a non-GAAP tax rate to compute the non-GAAP tax provision. This non-GAAP tax rate is based on Marvell’s estimated annual GAAP income tax forecast, adjusted to account for items excluded from Marvell’s non-GAAP income, as well as the effects of significant non-recurring and period specific tax items which vary in size and frequency, and excludes tax deductions and benefits from acquired tax loss and credit carryforwards and changes in valuation allowance on acquired deferred tax assets. Marvell’s non-GAAP tax rate is determined on an annual basis and may be adjusted during the year to take into account events that may materially affect the non-GAAP tax rate such as tax law changes; acquisitions; significant changes in Marvell’s geographic mix of revenue and expenses; or changes to Marvell’s corporate structure. For the fourth quarter of fiscal 2026, a non-GAAP tax rate of 10.0% has been applied to the non-GAAP financial results.


Marvell believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to Marvell’s financial condition and results of operations. While Marvell uses non-GAAP financial measures as a tool to enhance its understanding of certain aspects of its financial performance, Marvell does not consider these measures to be a substitute for, or superior to, financial measures calculated in accordance with GAAP. Consistent with this approach, Marvell believes that disclosing non-GAAP financial measures to the readers of its financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP financial measures, allows for greater transparency in the review of its financial and operational performance.


Externally, management believes that investors may find Marvell’s non-GAAP financial measures useful in their assessment of Marvell’s operating performance and the valuation of Marvell. Internally, Marvell’s non-GAAP financial measures are used in the following areas:



Management’s evaluation of Marvell’s operating performance;



Management’s establishment of internal operating budgets;



Management’s performance comparisons with internal forecasts and targeted business models; and



Management’s determination of the achievement and measurement of certain types of compensation including Marvell’s annual incentive plan and certain performance-based equity awards (adjustments may vary from award to award).



Non-GAAP financial measures have limitations in that they do not reflect all of the costs associated with the operations of Marvell’s business as determined in accordance with GAAP. As a result, you should not consider these measures in isolation or as a substitute for analysis of Marvell’s results as reported under GAAP. The exclusion of the above items from our GAAP financial metrics does not necessarily mean that these costs are unusual or infrequent.


Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995


This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which are subject to the “safe harbor” created by those sections. These statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results to differ materially from those implied by the forward-looking statements. Words such as “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “forecasts,” “targets,” “may,” “can,” “will,” “would” and similar expressions identify such forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, the statements describing our financial outlook and future period revenues. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including, but not limited to: risks related to our ability to estimate customer demand and future sales accurately; our ability to define, design, develop and market products for the data center and communications markets; risks related to our dependence on a few customers for a significant portion of our revenue, particularly as our major customers comprise an increasing percentage of our revenue, as well as risks related to a significant portion of our sales being concentrated in the data center end market; risks related to the potential impact of AI on our business model and products; risks that our customers develop their own solutions, vertically integrate which may reduce the need for our products, or acquire fully developed solutions from third parties; our ability to secure design wins from our customers and prospective customers; the impact of international conflict (such as the current armed conflicts in the Ukraine and in Israel and the Middle East) and economic volatility in either domestic or foreign markets including risks related to trade conflicts or tensions, regulations, and tariffs, including but not limited to, trade restrictions imposed on our Chinese customers; risks related to changes in general macroeconomic conditions, or expectations of such conditions, such as high or rising interest rates, macroeconomic slowdowns, recessions, inflation, and stagflation; risks related to higher inventory levels; risks related to cancellations, rescheduling or deferrals of significant customer orders or shipments, as well as the ability of our customers to manage inventory; our ability to realize the expected benefits from restructuring activities; the risk of downturns in the semiconductor industry or our customer end markets; our ability to complete and realize the anticipated benefits of any acquisitions, divestitures and investments; our ability to retain and hire key personnel; risks related to our return to working full time in the office; cybersecurity risks; our ability to limit costs related to defective products; risks related to our debt obligations; risks related to the rapid growth of the Company; delays or increased costs related to completing the design, development, production and introduction of our new products due to a variety of issues, including supply chain cross-dependencies, dependencies on EDA and similar tools, dependencies on the use of third-party, business partner or customer intellectual property, collaboration and synchronization requirements with business partners and customers, requirements to establish new manufacturing, testing, assembly and packing processes, and other issues; our reliance on our manufacturing partners for the manufacture, assembly, testing and packaging of our products; supply chain disruptions or component shortages that may impact the production of our products including our kitting process or may impact the price of components which in turn may impact our margins on any impacted products and any constrained availability from other electronic suppliers impacting our customers’ ability to ship their products, which in turn may adversely impact our sales to those customers; risks related to the ASIC business model which requires us to use third-party IP including the risk that we may lose business or experience reputational harm if third parties, including customers, lose confidence in our ability to protect their IP rights; the risks associated with manufacturing and selling products and customers’ products outside of the United States; decreases in gross margin and results of operations in the future due to a number of factors, including high or increasing interest rates and volatility in foreign exchange rates; severe financial hardship or bankruptcy of one or more of our major customers; the effects of transitioning to smaller geometry process technologies; the impact of any change in the income tax laws in jurisdictions where we operate and the loss of any beneficial tax treatment that we currently enjoy; the outcome of pending or future litigation and legal and regulatory proceedings; risk related to our Sustainability program; the impact and costs associated with changes in international financial and regulatory conditions; our ability and the ability of our customers to successfully compete in the markets in which we serve; our ability and our customers’ ability to develop new and enhanced products and the adoption of those products in the market; our ability to scale our operations in response to changes in demand for existing or new products and services; risks associated with acquisition and consolidation activity in the semiconductor industry, including any consolidation of our manufacturing partners; our ability to protect our intellectual property; risks related to the impact of future pandemics; our maintenance of an effective system of internal controls; financial institution instability; and other risks detailed in our SEC filings from time to time. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that affect our business described in the “Risk Factors” section of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by us from time to time with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and we assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.


About Marvell


To deliver the data infrastructure technology that connects the world, we’re building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world’s leading technology companies for over 30 years, we move, store, process and secure the world’s data with semiconductor solutions designed for our customers’ current needs and future ambitions. Through a process of deep collaboration and transparency, we’re ultimately changing the way tomorrow’s enterprise, cloud, and carrier architectures transform—for the better.


Marvell® and the Marvell logo are registered trademarks of Marvell and/or its affiliates.




Marvell Technology, Inc.








Condensed Consolidated Statements of Operations (Unaudited)








(In millions, except per share amounts)








 






 






 






 






 






 






 






 






 






 






 








 






 






Three Months Ended






 






Year Ended








 






 






January 31,




2026






 






November 1,




2025






 






February 1,




2025






 






January 31,




2026






 






February 1,




2025








Net revenue






 






$






2,218.7






 






 






$






2,074.5






 






 






$






1,817.4






 






 






$






8,194.6






 






 






$






5,767.3






 








Cost of goods sold






 






 






1,070.8






 






 






 






1,004.7






 






 






 






900.0






 






 






 






4,013.9






 






 






 






3,385.1






 








Gross profit






 






 






1,147.9






 






 






 






1,069.8






 






 






 






917.4






 






 






 






4,180.7






 






 






 






2,382.2






 








 






 






 






 






 






 






 






 






 






 






 








Operating expenses:






 






 






 






 






 






 






 






 






 






 








Research and development






 






 






536.0






 






 






 






512.5






 






 






 






499.0






 






 






 






2,075.2






 






 






 






1,950.4






 








Selling, general and administrative






 






 






198.0






 






 






 






189.9






 






 






 






195.7






 






 






 






767.1






 






 






 






798.2






 








Restructuring related charges (gains), net






 






 






9.5






 






 






 






9.6






 






 






 






(12.5






)






 






 






15.5






 






 






 






353.9






 








Total operating expenses






 






 






743.5






 






 






 






712.0






 






 






 






682.2






 






 






 






2,857.8






 






 






 






3,102.5






 








Operating income (loss)






 






 






404.4






 






 






 






357.8






 






 






 






235.2






 






 






 






1,322.9






 






 






 






(720.3






)








Interest expense






 






 






(50.8






)






 






 






(51.2






)






 






 






(45.0






)






 






 






(202.6






)






 






 






(189.4






)








Interest income and other, net






 






 






28.0






 






 






 






1,908.8






 






 






 






9.6






 






 






 






1,926.3






 






 






 






15.0






 








Interest and other income (loss), net






 






 






(22.8






)






 






 






1,857.6






 






 






 






(35.4






)






 






 






1,723.7






 






 






 






(174.4






)








Income (loss) before income taxes






 






 






381.6






 






 






 






2,215.4






 






 






 






199.8






 






 






 






3,046.6






 






 






 






(894.7






)








Provision (benefit) for income taxes






 






 






(14.5






)






 






 






314.1






 






 






 






(0.4






)






 






 






376.5






 






 






 






(9.7






)








Net income (loss)






 






$






396.1






 






 






$






1,901.3






 






 






$






200.2






 






 






$






2,670.1






 






 






$






(885.0






)








 






 






 






 






 






 






 






 






 






 






 








Net income (loss) per share — basic






 






$






0.47






 






 






$






2.22






 






 






$






0.23






 






 






$






3.10






 






 






$






(1.02






)








 






 






 






 






 






 






 






 






 






 






 








Net income (loss) per share — diluted






 






$






0.46






 






 






$






2.20






 






 






$






0.23






 






 






$






3.07






 






 






$






(1.02






)








 






 






 






 






 






 






 






 






 






 






 








Weighted-average shares:






 






 






 






 






 






 






 






 






 






 








Basic






 






 






848.0






 






 






 






855.8






 






 






 






865.7






 






 






 






861.0






 






 






 






865.5






 








Diluted






 






 






856.2






 






 






 






863.7






 






 






 






879.9






 






 






 






869.7






 






 






 






865.5






 









Marvell Technology, Inc.








Condensed Consolidated Balance Sheets (Unaudited)








(In millions)








 






 






 






 






 








 






 






January 31,




2026






 






February 1,




2025








Assets






 






 






 






 








Current assets:






 






 






 






 








Cash and cash equivalents






 






$






2,638.8







 






$






948.3






 








Accounts receivable, net






 






 






2,186.6






 






 






 






1,028.4






 








Inventories






 






 






1,388.0






 






 






 






1,029.7






 








Prepaid expenses and other current assets






 






 






247.2






 






 






 






113.9






 








Total current assets






 






 






6,460.6






 






 






 






3,120.3






 








Property and equipment, net






 






 






935.0






 






 






 






790.5






 








Goodwill






 






 






11,062.2






 






 






 






11,586.9






 








Acquired intangible assets, net






 






 






1,754.7






 






 






 






2,710.6






 








Deferred tax assets






 






 






345.9






 






 






 






401.2






 








Other non-current assets






 






 






1,726.9






 






 






 






1,595.0






 








Total assets






 






$






22,285.3






 






 






$






20,204.5






 








 






 






 






 






 








Liabilities and Stockholders’ Equity






 






 






 






 








Current liabilities:






 






 






 






 








Accounts payable






 






$






1,073.8






 






 






$






622.2






 








Accrued liabilities






 






 






1,337.1






 






 






 






972.6






 








Accrued employee compensation






 






 






309.8






 






 






 






302.5






 








Short-term debt






 






 






499.8






 






 






 






129.5






 








Total current liabilities






 






 






3,220.5






 






 






 






2,026.8






 








Long-term debt






 






 






3,970.8






 






 






 






3,934.3






 








Other non-current liabilities






 






 






785.6






 






 






 






816.4






 








Total liabilities






 






 






7,976.9






 






 






 






6,777.5






 








 






 






 






 






 








Stockholders’ equity:






 






 






 






 








Common stock






 






 






1.7






 






 






 






1.7






 








Additional paid-in capital






 






 






12,950.9






 






 






 






14,534.1






 








Accumulated other comprehensive income






 






 






—






 






 






 






0.4






 








Retained earnings (Accumulated deficit)






 






 






1,355.8






 






 






 






(1,109.2






)








Total stockholders’ equity






 






 






14,308.4






 






 






 






13,427.0






 








Total liabilities and stockholders’ equity






 






$






22,285.3






 






 






$






20,204.5






 









Marvell Technology, Inc.








Condensed Consolidated Statements of Cash Flows (Unaudited)








(In millions)








 






 






 






 






 






 






 






 






 








 






 






Three Months Ended






 






Year Ended








 






 






January 31,




2026






 






February 1,




2025






 






January 31,




2026






 






February 1,




2025








Cash flows from operating activities:






 






 






 






 






 






 






 






 








Net income (loss)






 






$






396.1






 






 






$






200.2






 






 






$






2,670.1






 






 






$






(885.0






)








Adjustments to reconcile net income (loss) to net cash provided by operating activities:






 






 






 






 






 






 






 






 








Depreciation and amortization






 






 






93.4






 






 






 






78.8






 






 






 






348.6






 






 






 






304.3






 








Stock-based compensation






 






 






143.0






 






 






 






147.6






 






 






 






590.8






 






 






 






597.4






 








Amortization of acquired intangible assets






 






 






223.6






 






 






 






247.1






 






 






 






942.0






 






 






 






1,052.6






 








Restructuring related charges (gains), net






 






 






—






 






 






 






4.7






 






 






 






(14.0






)






 






 






528.8






 








Deferred income taxes






 






 






44.4






 






 






 






(5.7






)






 






 






42.2






 






 






 






(111.9






)








Gain on sale of business






 






 






—






 






 






 






—






 






 






 






(1,830.4






)






 






 






—






 








Other expense, net






 






 






24.4






 






 






 






23.8






 






 






 






109.5






 






 






 






65.9






 








Changes in assets and liabilities, net of acquisitions:






 






 






 






 






 






 






 






 








Accounts receivable






 






 






(640.2






)






 






 






(30.5






)






 






 






(1,158.2






)






 






 






93.2






 








Prepaid expenses and other assets






 






 






41.1






 






 






 






(172.8






)






 






 






(242.4






)






 






 






3.4






 








Inventories






 






 






(370.5






)






 






 






(169.8






)






 






 






(389.8






)






 






 






(230.0






)








Accounts payable






 






 






378.4






 






 






 






71.7






 






 






 






299.3






 






 






 






181.5






 








Accrued employee compensation






 






 






57.5






 






 






 






31.6






 






 






 






(10.5






)






 






 






43.5






 








Accrued liabilities and other non-current liabilities






 






 






(17.5






)






 






 






87.3






 






 






 






393.3






 






 






 






37.5






 








Net cash provided by operating activities






 






 






373.7






 






 






 






514.0






 






 






 






1,750.5






 






 






 






1,681.2






 








Cash flows from investing activities:






 






 






 






 






 






 






 






 








Purchases of technology licenses






 






 






(1.1






)






 






 






(0.8






)






 






 






(4.5






)






 






 






(7.0






)








Purchases of property and equipment






 






 






(114.3






)






 






 






(69.9






)






 






 






(354.1






)






 






 






(284.6






)








Proceeds from sales of property and equipment






 






 






—






 






 






 






—






 






 






 






27.4






 






 






 






0.5






 








Acquisitions, net of cash acquired






 






 






—






 






 






 






—






 






 






 






—






 






 






 






(10.4






)








Net proceeds from sale of business






 






 






—






 






 






 






—






 






 






 






2,478.6






 






 






 






—






 








Other, net






 






 






(6.7






)






 






 






0.4






 






 






 






(49.6






)






 






 






0.8






 








Net cash provided by (used in) investing activities






 






 






(122.1






)






 






 






(70.3






)






 






 






2,097.8






 






 






 






(300.7






)








Cash flows from financing activities:






 






 






 






 






 






 






 






 








Repurchases of common stock






 






 






(200.1






)






 






 






(200.0






)






 






 






(2,040.1






)






 






 






(725.0






)








Proceeds from employee stock plans






 






 






27.2






 






 






 






35.2






 






 






 






78.7






 






 






 






87.6






 








Tax withholding paid on behalf of employees for net share settlement






 






 






(77.3






)






 






 






(84.6






)






 






 






(240.7






)






 






 






(274.9






)








Dividend payments to stockholders






 






 






(50.8






)






 






 






(51.9






)






 






 






(205.1






)






 






 






(207.5






)








Payments on technology license obligations






 






 






(26.3






)






 






 






(29.2






)






 






 






(128.3






)






 






 






(153.6






)








Proceeds from borrowings






 






 






—






 






 






 






—






 






 






 






1,198.6






 






 






 






—






 








Principal payments of debt






 






 






—






 






 






 






(32.8






)






 






 






(790.6






)






 






 






(109.4






)








Other, net






 






 






—






 






 






 






(0.2






)






 






 






(30.3






)






 






 






(0.2






)








Net cash used in financing activities






 






 






(327.3






)






 






 






(363.5






)






 






 






(2,157.8






)






 






 






(1,383.0






)








Net increase (decrease) in cash and cash equivalents






 






 






(75.7






)






 






 






80.2






 






 






 






1,690.5






 






 






 






(2.5






)








Cash and cash equivalents at beginning of period






 






 






2,714.5






 






 






 






868.1






 






 






 






948.3






 






 






 






950.8






 








Cash and cash equivalents at end of period






 






$






2,638.8






 






 






$






948.3






 






 






$






2,638.8






 






 






$






948.3






 









Marvell Technology, Inc.








Reconciliations from GAAP to Non-GAAP (Unaudited)








(In millions, except per share amounts)








 






 






 






 






 






 






 






 






 






 






 








 






 






Three Months Ended






 






Year Ended








 






 






January 31,




2026






 






November 1,




2025






 






February 1,




2025






 






January 31,




2026






 






February 1,




2025








GAAP gross profit






 






$






1,147.9






 






 






$






1,069.8






 






 






$






917.4






 






 






$






4,180.7






 






 






$






2,382.2






 








Special items - expenses (income):






 






 






 






 






 






 






 






 






 






 








Stock-based compensation






 






 






10.5






 






 






 






14.1






 






 






 






10.1






 






 






 






49.2






 






 






 






47.3






 








Amortization of acquired intangible assets






 






 






148.8






 






 






 






153.4






 






 






 






169.5






 






 






 






639.0






 






 






 






721.7






 








Restructuring related charges (a)






 






 






—






 






 






 






0.5






 






 






 






1.1






 






 






 






0.5






 






 






 






357.9






 








Other cost of goods sold (b)






 






 






1.6






 






 






 






0.3






 






 






 






(6.1






)






 






 






2.4






 






 






 






11.5






 








Total special items






 






 






160.9






 






 






 






168.3






 






 






 






174.6






 






 






 






691.1






 






 






 






1,138.4






 








Non-GAAP gross profit






 






$






1,308.8






 






 






$






1,238.1






 






 






$






1,092.0






 






 






$






4,871.8






 






 






$






3,520.6






 








 






 






 






 






 






 






 






 






 






 






 








GAAP gross margin






 






 






51.7






%






 






 






51.6






%






 






 






50.5






%






 






 






51.0






%






 






 






41.3






%








Stock-based compensation






 






 






0.5






%






 






 






0.7






%






 






 






0.6






%






 






 






0.6






%






 






 






0.8






%








Amortization of acquired intangible assets






 






 






6.7






%






 






 






7.4






%






 






 






9.3






%






 






 






7.8






%






 






 






12.5






%








Restructuring related charges (a)






 






 






—






%






 






 






—






%






 






 






0.1






%






 






 






—






%






 






 






6.2






%








Other cost of goods sold (b)






 






 






0.1






%






 






 






—






%






 






 






(0.4






)%






 






 






0.1






%






 






 






0.2






%








Non-GAAP gross margin






 






 






59.0






%






 






 






59.7






%






 






 






60.1






%






 






 






59.5






%






 






 






61.0






%








 






 






 






 






 






 






 






 






 






 






 



























 






















 



Total GAAP operating expenses






 






$






743.5






 






 






$






712.0






 






 






$






682.2






 






 






$






2,857.8






 






 






$






3,102.5






 








Special items - (expenses) income:






 






 






 






 






 






 






 






 






 






 








Stock-based compensation






 






 






(132.5






)






 






 






(138.0






)






 






 






(137.5






)






 






 






(541.6






)






 






 






(550.1






)








Amortization of acquired intangible assets






 






 






(74.8






)






 






 






(75.6






)






 






 






(77.6






)






 






 






(303.0






)






 






 






(330.9






)








Restructuring related charges (a)






 






 






(9.5






)






 






 






(9.6






)






 






 






12.5






 






 






 






(15.5






)






 






 






(353.9






)








Other (c)






 






 






(9.7






)






 






 






(3.8






)






 






 






(0.2






)






 






 






(16.9






)






 






 






(11.7






)








Total special items






 






 






(226.5






)






 






 






(227.0






)






 






 






(202.8






)






 






 






(877.0






)






 






 






(1,246.6






)








Total non-GAAP operating expenses






 






$






517.0






 






 






$






485.0






 






 






$






479.4






 






 






$






1,980.8






 






 






$






1,855.9






 








 






 






 






 






 






 






 






 






 






 






 








GAAP operating margin






 






 






18.2






%






 






 






17.2






%






 






 






12.9






%






 






 






16.1






%






 






 






(12.5






)%








Stock-based compensation






 






 






6.4






%






 






 






7.3






%






 






 






8.1






%






 






 






7.2






%






 






 






10.4






%








Amortization of acquired intangible assets






 






 






10.1






%






 






 






11.0






%






 






 






13.6






%






 






 






11.6






%






 






 






18.3






%








Restructuring related charges (a)






 






 






0.4






%






 






 






0.5






%






 






 






(0.6






)%






 






 






0.2






%






 






 






12.3






%








Other cost of goods sold (b)






 






 






0.1






%






 






 






—






%






 






 






(0.3






)%






 






 






—






%






 






 






0.2






%








Other (c)






 






 






0.5






%






 






 






0.3






%






 






 






—






%






 






 






0.2






%






 






 






0.2






%








Non-GAAP operating margin






 






 






35.7






%






 






 






36.3






%






 






 






33.7






%






 






 






35.3






%






 






 






28.9






%








 






 






 






 






 






 






 






 






 






 






 








 






 






 






 






 






 






 






 






 






 






 








GAAP interest and other income (loss), net






 






$






(22.8






)






 






$






1,857.6






 






 






$






(35.4






)






 






$






1,723.7






 






 






$






(174.4






)








Special items - expenses (income):






 






 






 






 






 






 






 






 






 






 








Gain on sale of business






 






 






—






 






 






 






(1,830.4






)






 






 






—






 






 






 






(1,830.4






)






 






 






—






 








Other (c)






 






 






(7.8






)






 






 






(52.5






)






 






 






(5.8






)






 






 






(44.7






)






 






 






(9.3






)








Total special items






 






 






(7.8






)






 






 






(1,882.9






)






 






 






(5.8






)






 






 






(1,875.1






)






 






 






(9.3






)








Total non-GAAP interest and other loss, net






 






$






(30.6






)






 






$






(25.3






)






 






$






(41.2






)






 






$






(151.4






)






 






$






(183.7






)








 






 






 






 






 






 






 






 






 






 






 



























 






















 



GAAP net income (loss)






 






$






396.1






 






 






$






1,901.3






 






 






$






200.2






 






 






$






2,670.1






 






 






$






(885.0






)








Special items - expenses (income):






 






 






 






 






 






 






 






 






 






 








Stock-based compensation






 






 






143.0






 






 






 






152.1






 






 






 






147.6






 






 






 






590.8






 






 






 






597.4






 








Amortization of acquired intangible assets






 






 






223.6






 






 






 






229.0






 






 






 






247.1






 






 






 






942.0






 






 






 






1,052.6






 








Restructuring related charges (a)






 






 






9.5






 






 






 






10.1






 






 






 






(11.4






)






 






 






16.0






 






 






 






711.8






 








Other cost of goods sold (b)






 






 






1.6






 






 






 






0.3






 






 






 






(6.1






)






 






 






2.4






 






 






 






11.5






 








Gain on sale of business






 






 






—






 






 






 






(1,830.4






)






 






 






—






 






 






 






(1,830.4






)






 






 






—






 








Other (c)






 






 






1.9






 






 






 






(48.7






)






 






 






(5.6






)






 






 






(27.8






)






 






 






2.4






 








Pre-tax total special items






 






 






379.6






 






 






 






(1,487.6






)






 






 






371.6






 






 






 






(307.0






)






 






 






2,375.7






 








Other income tax effects and adjustments (d)






 






 






(90.6






)






 






 






241.3






 






 






 






(40.4






)






 






 






102.5






 






 






 






(113.4






)








Non-GAAP net income






 






$






685.1






 






 






$






655.0






 






 






$






531.4






 






 






$






2,465.6






 






 






$






1,377.3






 








 






 






 






 






 






 






 






 






 






 






 



























 






















 



GAAP weighted-average shares — basic






 






 






848.0






 






 






 






855.8






 






 






 






865.7






 






 






 






861.0






 






 






 






865.5






 








GAAP weighted-average shares — diluted






 






 






856.2






 






 






 






863.7






 






 






 






879.9






 






 






 






869.7






 






 






 






865.5






 








Non-GAAP weighted-average shares — diluted (e)






 






 






856.2






 






 






 






863.7






 






 






 






879.9






 






 






 






869.7






 






 






 






876.8






 








 






 






 






 






 






 






 






 






 






 






 








GAAP diluted net income (loss) per share






 






$






0.46






 






 






$






2.20






 






 






$






0.23






 






 






$






3.07






 






 






$






(1.02






)








Non-GAAP diluted net income per share






 






$






0.80






 






 






$






0.76






 






 






$






0.60






 






 






$






2.84






 






 






$






1.57






 









(a)







Restructuring and other related items include asset impairment charges, gain on sale of property, recognition of contractual obligations, employee severance costs, facility exit related charges, and other.








 







 








(b)







Other cost of goods sold include an intellectual property licensing claim and product claim related matters.








 







 








(c)







Other costs in operating expenses and interest and other income (loss), net include gain or loss on investments, and acquisition and divestiture related costs.








 







 








(d)







Other income tax effects and adjustments relate to tax provision based on a non-GAAP income tax rate of 10.0% for the three months and year ended January 31, 2026, and three months ended November 1, 2025. Other income tax effects and adjustments relate to tax provision based on a non-GAAP income tax rate of 7.0% for the three months and year ended February 1, 2025.








 







 








(e)







In periods of GAAP net loss, non-GAAP diluted weighted-average shares differs from GAAP diluted weighted-average shares due to the non-GAAP net income reported.









Marvell Technology, Inc.








Outlook for the First Quarter of Fiscal Year 2027








Reconciliations from GAAP to Non-GAAP (Unaudited)








(In millions, except per share amounts)








 






 








 






 








 






Outlook for Three Months Ended




May 2, 2026








GAAP net revenue






$2,400 +/- 5%








Special items:






—








Non-GAAP net revenue






$2,400 +/- 5%








 






 








GAAP gross margin






51.4% - 52.4%








Special items:






 








Stock-based compensation






0.65%








Amortization of acquired intangible assets






6.20%








Non-GAAP gross margin






58.25% - 59.25%








 






 








Total GAAP operating expenses






~$872








Special items:






 








Stock-based compensation






181








Amortization of acquired intangible assets






73








Integration related charges






31








Restructuring related charges and other






12








Total non-GAAP operating expenses






~$575








 






 








 






 








GAAP diluted net income per share






$0.31 +/- $0.05








Special items:






 








Stock-based compensation






0.22








Amortization of acquired intangible assets






0.25








Integration related charges






0.04








Restructuring related charges and other






0.01








Other income tax effects and adjustments






(0.04)








Non-GAAP diluted net income per share






$0.79 +/- $0.05









Quarterly Revenue Trend (Unaudited)








 



Our product solutions serve two end markets: (i) data center and (ii) communications and other. These markets and their corresponding customer products and applications are noted in the table below:








 



End market






Customer products and applications








Data center







Cloud and on-premise Artificial intelligence (“AI”) systems



Cloud and on-premise ethernet switching



Cloud and on-premise network-attached storage (“NAS”)



Cloud and on-premise AI servers



Cloud and on-premise general-purpose servers



Cloud and on-premise storage area networks



Cloud and on-premise storage systems



Data center interconnect (“DCI”)








Communications and other






Enterprise networking





Campus and small medium enterprise routers



Campus and small medium enterprise ethernet switches



Campus and small medium enterprise wireless access points (“WAPs”)



Network appliances (firewalls, and load balancers)



Workstations








 






Carrier infrastructure





Broadband access systems



Ethernet switches



Optical transport systems



Routers



Wireless radio access network (“RAN”) systems








 






Consumer





Broadband gateways and routers



Gaming consoles



Home data storage



Home wireless access points (“WAPs”)



Personal Computers (“PCs”)



Printers



Set-top boxes








 






Automotive/industrial





Advanced driver-assistance systems (“ADAS”)*



Autonomous vehicles (“AV”)*



In-vehicle networking*



Industrial ethernet switches



United States military and government solutions



Video surveillance








* These customer products and applications were divested as part of the automotive ethernet business sale on August 14, 2025.









Quarterly Revenue Trend (Unaudited) (Continued)










 



Beginning in the fourth quarter of fiscal 2026, the Company consolidated revenue previously reported separately as enterprise networking, carrier infrastructure, consumer and automotive/industrial end markets into a new communications and other end market, as shown below. The composition of our data center end market remains unchanged.










 




Three Months Ended






 






% Change








Revenue by End Market




(In millions)






January 31,




2026






 






November 1,




2025






 






February 1,




2025






 






YoY






 






QoQ








Data center






$






1,651.3







 






$






1,517.9







 






$






1,365.8






 






 






21






%






 






9






%








Communications and other






 






567.4






 






 






 






556.6






 






 






 






451.6






 






 






26






%






 






2






%








Total Net Revenue






$






2,218.7






 






 






$






2,074.5






 






 






$






1,817.4






 






 






22






%






 






7






%












 



 







 






 






 






Three Months Ended








Revenue by End Market




% of Total







 






 






 






January 31,




2026






 






November 1,




2025






 






February 1,




2025








Data center







 






 






 






 






74






%






 






73






%






 






75






%








Communications and other







 






 






 






 






26






%






 






27






%






 






25






%








Total Net Revenue







 






 






 






 






100






%






 






100






%






 






100






%







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260305094012/en/
For further information, contact:

Ashish Saran

Senior Vice President, Investor Relations

408-222-0777

ir@marvell.com


Original: Marvell Technology, Inc. Reports Fourth Quarter and Fiscal Year 2026 Financial Results