Marvell Technology (MRVL) is a leading semiconductor firm powering data infrastructure for artificial intelligence (AI), cloud computing, 5G networks, enterprise storage, and automotive tech. The company designs high-performance chips like Ethernet adapters, custom ASICs, processors, and storage controllers that enable faster data centers, smarter networks, and connected vehicles. They supply hyperscalers like Amazon’s (AMZN) AWS and Microsoft’s (MSFT) Azure, telecom giants, and car makers, focusing on energy-efficient solutions amid booming AI demand.
Founded in 1995, Marvell is headquartered in Santa Clara, California with operations in over 10 countries. Marvell has a market capitalization of roughly $68 billion.
Marvell Technology stock has experienced volatility, gaining 2% over the past five days but dropping almost 4% in the last month and 12% over three months. Year-to-date (YTD), MRVL stock is down 6%, with 27% decrease over the past 52 weeks. At present, shares are 29% off the 52-week high of $113.54, reflecting AI chip demand amid broader sector pressures.
Compared to the Nasdaq Composite ($NASX), Marvell has underperformed in the short term, with its one-month loss lagging behind the index’s nearly 3% loss, and its six-month gain of almost 4% trailing the index’s more than 7% rise. Over the past 52 weeks, MRVL stock’s dip further shows the underperformance against the Nasdaq Composite’s gains of approximately 18%.
Marvell Technology released robust third-quarter fiscal 2026 results on Dec. 2, 2025. Revenue hit a record $2.075 billion, up 37% year-over-year (YOY) and $15 million above its own guidance midpoint, beating analyst estimates of $2.07 billion. Non-GAAP diluted EPS was $0.76, topping forecasts of $0.74.
Data center revenue, which was 73% of total sales, drove growth with strong AI demand. GAAP gross margin was 51.6% while non-GAAP gross margin was 59.7% (up 30 basis points sequentially). Operating cash flow reached a record $582 million. GAAP net income per share was $2.20, reflecting solid profitability.
