Reading the tape
NASDAQ: MRVL
Marvell Technology, Inc.
Technology · Semiconductors
Market Cap
$148.77B
52w High
$175.80
52w Low
$58.61
P/E
54.03
Volume
20.48M
Outstanding Shares
874.46M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 195.21%Revenue (TTM): 42.09%FCF (TTM): 0.33%P/FCF: 97th pct
What changed
The stock rose 195.21% over the last year. Revenue grew 42.09% over the trailing twelve months. Operating margin moved from -12.49% to 16.26%. Free cash flow grew 0.33% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (97th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 16.26% — continued expansion would be needed to justify the premium. Revenue growth of 42.09% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Marvell Technology, Inc., together with its subsidiaries, designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits.
CEOMatthew J. Murphy
SectorTechnology
IndustrySemiconductors
Employees7,042
IPO dateJun 30, 2000
Valuation
Forward P/E—
EV/EBITDA26.54
Enterprise value$69.78B
Stock splits
Jul 25, 2006↑ Forward
Every 1 shares became 2
Jun 29, 2004↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth22.08%
Gross margin50.1%▲23.51%vs FY2025
Operating margin16.26%▲230.77%vs FY2025
ROE18.66%▲383.12%vs FY2025
Analyst consensus
RatingBuy
Target price$133.10▼21.77%
59
Buy
12
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 27, 2026
Q2 FY26 · EPS est $0.80 · Revenue est $2.4B
View
Dividends
$0.24/shareQuarterlyDividend Achiever · 13yrSafeMRVL pays a dividend with a 0.14% dividend yield, 13 consecutive years of growth, covered 6.8× by free cash flow.
Dividend Yield
0.14%
Annual Div / Share
$0.24
5yr CAGR
+0%
Payout Ratio
7.68%
Safe
Dividend Growth Rate
3yr CAGR
+0%
5yr CAGR
+0%
10yr CAGR
+0%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$0.24+0.0%
2025$0.24+0.0%
2024$0.24+0.0%
2023$0.24+0.0%
2022$0.24+0.0%
2020$0.24+0.0%
2019$0.24+0.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$1/yr
$0/mo
In 5 yrs
$1/yr
$0/mo
In 10 yrs
$1/yr
$0/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$1/yr $0/mo | $1/yr $0/mo | $1/yr $0/mo |
Analysis
Dividend Strengths
Dividend Achiever
MRVL has raised its dividend for 13 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 6.8× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
No strong risk signal stands out from the latest period pair.