Marvell Technology (MRVL) is trading up at $237.72 (+0.26%) on NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Technology sector.
Current price targets from 12 firms average $322, median $345, ranging from $195 to $450 — the average is 35% above the current $238. Each is tracked to its date and scored the same way a member's call is.
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
| FY2020Feb 2020 | FY2021Jan 2021 | FY2022Jan 2022 | FY2023Jan 2023 | FY2024Feb 2024 | FY2025Feb 2025 | FY2026Jan 2026 | |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $2.70B | $2.97B | $4.46B | $5.92B | $5.51B | $5.77B | $8.19B |
| Growth (year over year) | — | +10.0% | +50.3% | +32.7% | −7.0% | +4.7% | +42.1% |
| Gross profit | $1.36B | $1.49B | $2.06B | $2.99B | $2.29B | $2.38B | $4.18B |
| Gross margin | 50.3% | 50.1% | 46.3% | 50.5% | 41.6% | 41.3% | 51.0% |
| Operating income | −$243.4M | −$258.4M | −$347.7M | $238.0M | −$567.7M | −$720.3M | $1.32B |
| Operating margin | −9.0% | −8.7% | −7.8% | 4.0% | −10.3% | −12.5% | 16.1% |
| Net income | $1.58B | −$277.3M | −$421.0M | −$163.5M | −$933.4M | −$885.0M | $2.67B |
| Net margin | 58.7% | −9.3% | −9.4% | −2.8% | −16.9% | −15.3% | 32.6% |
| EPS (diluted) | $2.34 | −$0.41 | −$0.53 | −$0.19 | −$1.08 | −$1.02 | $3.07 |
| Balance sheet | |||||||
| Cash and equivalents | $647.6M | $748.5M | $613.5M | $911.0M | $950.8M | $948.3M | $2.64B |
| Total assets | — | $10.8B | $22.1B | $22.5B | $21.2B | $20.2B | $22.3B |
| Total liabilities | — | $2.33B | $6.41B | $6.88B | $6.40B | $6.78B | $7.98B |
| Long-term debt | — | $993.2M | $4.48B | $3.91B | $4.06B | $3.93B | $3.97B |
| Shareholders' equity | $8.68B | $8.44B | $15.7B | $15.6B | $14.8B | $13.4B | $14.3B |
| Cash flow | |||||||
| Operating cash flow | $360.3M | $817.3M | $819.3M | $1.29B | $1.37B | $1.68B | $1.75B |
| Capital expenditure | $81.9M | $106.8M | $169.2M | $206.2M | $336.3M | $284.6M | $354.1M |
| Free cash flow | $278.4M | $710.5M | $650.1M | $1.08B | $1.03B | $1.40B | $1.40B |
| Dividends paid | $159.6M | $160.6M | $191.0M | $204.4M | $206.8M | $207.5M | $205.1M |
| Share buybacks | $364.3M | $25.2M | $0 | $115.0M | $150.0M | $725.0M | $2.04B |
| Q3 FY25Nov 2024 | Q4 FY25†Feb 2025 | Q1 FY26May 2025 | Q2 FY26Aug 2025 | Q3 FY26Nov 2025 | Q4 FY26†Jan 2026 | Q1 FY27May 2026 | Q2 FY27Aug 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $1.52B | $1.82B | $1.90B | $2.01B | $2.07B | $2.22B | $2.42B | $2.74B |
| Growth (year over year) | +6.9% | +27.4% | +63.3% | +57.6% | +36.8% | +22.1% | +27.6% | +36.5% |
| Gross profit | $349.4M | $917.4M | $952.4M | $1.01B | $1.07B | $1.15B | $1.26B | $1.46B |
| Gross margin | 23.0% | 50.5% | 50.3% | 50.4% | 51.6% | 51.7% | 52.1% | 53.1% |
| Operating income | −$702.8M | $235.2M | $270.6M | $290.1M | $357.8M | $404.4M | $339.4M | $459.7M |
| Operating margin | −46.4% | 12.9% | 14.3% | 14.5% | 17.2% | 18.2% | 14.0% | 16.8% |
| Net income | −$676.3M | $200.2M | $177.9M | $194.8M | $1.90B | $396.1M | $34.5M | $308.0M |
| Net margin | −44.6% | 11.0% | 9.4% | 9.7% | 91.7% | 17.9% | 1.4% | 11.2% |
| EPS (diluted) | −$0.78 | $0.23 | $0.20 | $0.22 | $2.20 | $0.45 | $0.04 | $0.33 |
| Balance sheet | ||||||||
| Cash and equivalents | $868.1M | $948.3M | $885.9M | $1.22B | $2.71B | $2.64B | $3.84B | $3.93B |
| Total assets | $19.7B | $20.2B | $20.0B | $20.6B | $21.6B | $22.3B | $26.9B | $27.6B |
| Total liabilities | $6.34B | $6.78B | $6.71B | $7.16B | $7.52B | $7.98B | $8.73B | $9.02B |
| Long-term debt | $3.97B | $3.93B | $2.98B | $3.97B | $3.97B | $3.97B | $4.96B | $4.96B |
| Shareholders' equity | $13.4B | $13.4B | $13.3B | $13.4B | $14.1B | $14.3B | $18.2B | $18.5B |
| Cash flow | ||||||||
| Operating cash flow | $536.3M | $514.0M | $332.9M | $461.6M | $582.3M | $373.7M | $638.8M | $605.5M |
| Capital expenditure | $75.0M | $69.9M | $118.8M | $47.5M | $73.5M | $114.3M | $155.7M | $126.7M |
| Free cash flow | $461.3M | $444.1M | $214.1M | $414.1M | $508.8M | $259.4M | $483.1M | $478.8M |
| Dividends paid | $51.9M | $51.9M | $51.8M | $51.7M | $50.8M | $50.8M | $53.8M | $53.9M |
| Share buybacks | $200.0M | $200.0M | $340.0M | $200.0M | $1.30B | $200.1M | $200.0M | $200.0M |
From Marvell Technology's 10-K and 10-Q filings with the SEC; its fiscal year ends in January. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Marvell Technology's latest reported figures next to the median of the other 75 S&P 500 Information Technology companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.
| Measure | Marvell Technology | Information Technology (75 other S&P 500 companies) | S&P 500 (502 other companies) |
|---|---|---|---|
| Revenue growth, latest fiscal year | +42.1% | +13.7% | +7.0% |
| Net margin, latest fiscal year | 32.6% | 16.5% | 12.9% |
| Dividend per share, latest fiscal year | $0.24 | $2.00 | $2.40 |
| Share price change, 1 year | +176.2% | +11.0% | +5.6% |
Marvell Technology: fiscal year ended January 2026, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Marvell Technology included, are the last regular-session prices of October 19, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 75/496, net margin 75/496, dividend per share 35/349, 1-year price change 67/490; the reasons below can overlap. 12 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 35 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.
Marvell Technology, Inc. is an American company, headquartered in Santa Clara, California, which develops and produces semiconductors and related technology. Founded in 1995, the company had close to 7,500 employees as of 2026, with over 10,000 patents worldwide, and an annual revenue of $8.2 billion for fiscal 2026.
Source: Wikipedia — Marvell Technology