Core Insights - Marvell Technology (MRVL) exceeded Q3 expectations and announced the acquisition of Celestial AI, leading to a significant stock price increase [1][5][11] Financial Performance - Marvell reported record Q3 sales of $2.07 billion, surpassing estimates of $2.06 billion, representing a 37% increase from $1.51 billion in the same quarter last year [5] - Q3 EPS was $0.76, exceeding expectations of $0.75 and showing a 77% increase from $0.43 per share a year ago [5] Future Guidance - Marvell provided optimistic guidance for Q4 sales, projecting around $2.2 billion ±5%, with Zacks estimates at $2.15 billion, indicating 18% growth [6][8] - Full-year revenue growth is expected to exceed 40%, aligning with consensus estimates of $8.12 billion or 41% growth [8] Acquisition Details - The acquisition of Celestial AI is valued at $3.25 billion, potentially rising to $5.5 billion if revenue milestones are met, and is expected to close in the first half of 2026 [3][4] - Celestial AI specializes in advanced photonic interconnect technology, which will enhance Marvell's competitiveness in the AI infrastructure market [4] Valuation Metrics - Marvell's stock is trading at a forward P/E multiple of 32X, which is reasonable compared to the industry average and a discount to its 5-year median of 53X [9]

Marvell Technology shares jumped Wednesday after the semiconductor company topped profit estimates on strong data center demand and announced an AI acquisition. https://t.co/nfjEIRxXRD ...

Market Performance - Tesla's stock rose by 4.08%, with a trading volume of $38.424 billion, making it the top performer in the market [1][9] - Nvidia's stock fell by 1.03%, with a trading volume of $29.182 billion [1][9] - Microsoft's stock decreased by 2.5%, with a trading volume of $16.064 billion [1][9] - Amazon's stock declined by 0.87%, with a trading volume of $8.19 billion [11][12] - AMD's stock increased by 1.10%, with a trading volume of $6.135 billion [12][16] - Oracle's stock rose by 3.30%, with a trading volume of $3.884 billion [13][14] Company Developments - The Trump administration is focusing on accelerating the robotics industry, with plans for an executive order on robotics technology and the formation of a robotics task force [1][9] - Nvidia's CEO Jensen Huang expressed support for export controls during a meeting with Trump, emphasizing the need for U.S. companies to have access to advanced chips [1][9] - Microsoft has reportedly lowered its spending expectations for AI products in its cloud division due to sales team performance issues, adjusting growth targets to approximately 25% for the current fiscal year [1][10] - Google announced the launch of its autonomous driving business in Baltimore and St. Louis, and is testing a new AI feature that integrates AI overviews with search results [10][11] - Marvell Technology reported a 37% year-over-year revenue increase in Q3, exceeding expectations, and forecasts over 25% growth in data center revenue for FY2027 [12][13] Analyst Ratings - Bank of America raised Amazon's target price from $272 to $303 [12] - Morgan Stanley increased Marvell Technology's target price from $120 to $130 [13]

Core Insights - Marvell Technology reported strong earnings, with revenue of $2.075 billion, a 37% year-over-year increase, and non-GAAP EPS of $0.76, exceeding analyst expectations, leading to a nearly 6% rise in shares [1] - The company announced the acquisition of Celestial AI, a startup focused on photonics technology for AI and cloud data centers, indicating a strategic shift towards optical interconnects [2][4] - This acquisition positions Marvell alongside established players in the photonics market, enhancing its capabilities in AI infrastructure [5][10] Financial Performance - Marvell's revenue reached $2.075 billion, reflecting a 37% increase year-over-year [1] - The non-GAAP EPS of $0.76 was slightly above consensus estimates, indicating improved financial performance [1] - The company's long-term EPS growth is projected at 38.18% annually over the next three to five years, with a forward earnings multiple of 32.8x and a PEG ratio of 0.86, suggesting a discounted valuation relative to its earnings potential [9][12] Strategic Positioning - The acquisition of Celestial AI allows Marvell to enter the photonics market, which is becoming increasingly important for AI infrastructure [2][4] - Marvell is now focused on core AI connectivity, having divested its legacy automotive networking business, and aims to combine its silicon portfolio with photonic technology [3][7] - The strategic move positions Marvell to deliver an end-to-end connectivity platform, blurring the lines between semiconductor and photonics companies [7][10] Market Outlook - Marvell's focused approach in the AI infrastructure space, particularly with the addition of Celestial's technology, aligns with industry trends towards silicon photonics [11][12] - The company is expected to see a wave of upgrades in its stock ratings due to the potential contributions from the Celestial acquisition [8] - Marvell offers a targeted investment opportunity in the AI infrastructure sector, with a potentially higher growth rate compared to larger competitors like Nvidia and Broadcom [12]

Core Insights - Marvell Technology is acquiring semiconductor startup Celestial AI for $3.25 billion to enhance its compute capacity in response to increasing demand for AI infrastructure [1][2] - Following the announcement, Marvell's stock rose over 5% intra-day [1] Acquisition Details - The acquisition provides Marvell with access to Celestial AI's photonics technology, which utilizes light instead of electrical signals to connect AI and memory chips [2] - Marvell is competing with Broadcom and Nvidia in the AI-optimized chip market, with CEO Matt Murphy indicating that hyperscale customers may adopt photonics technology as early as 2027 [2] - The company anticipates that the acquisition will start contributing significant revenue in the second half of fiscal 2028 [2] Financial Performance - Marvell reported adjusted EPS of $0.76 for Q3 on revenue of $2.08 billion, slightly exceeding analyst expectations of $0.74 and $2.07 billion [3] - For Q4, Marvell projects adjusted EPS of $0.79 at the midpoint on revenue of $2.20 billion, surpassing estimates of $0.77 and $2.17 billion [3]

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) For the quarterly period ended November 1, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40357 MARVELL TECHNOLOGY, INC. (Exact name of registrant as specified in its charter) Delaware 85-3971597 (State or other jur ...

Core Viewpoint - Marvell Technology Inc. reported strong third-quarter earnings, leading to a rise in its stock price and positive revisions of price forecasts by Wall Street analysts [1][2]. Financial Performance - The company is projected to see data center revenue increase by over 25% in fiscal 2027, with a strong outlook for fiscal 2028 as well [3][7]. - Analysts project fiscal 2027 revenue of $9.93 billion and adjusted EPS of $3.59, with potential revenue reaching $12.35 billion in fiscal 2028 [6]. Strategic Acquisitions - The acquisition of Celestial AI is viewed as strategically valuable, with expectations for meaningful revenue contributions starting in the second half of fiscal 2028, potentially reaching a $1 billion run rate by fiscal 2029 [4][11]. - Analysts believe that this acquisition positions Marvell to dominate the emerging optical interconnect market [6]. Analyst Ratings and Price Forecasts - Rosenblatt analyst Kevin Cassidy raised the price forecast from $95 to $120, maintaining a Buy rating [8]. - Benchmark analyst Cody Acree reiterated a Buy rating and raised the price forecast from $95 to $130 [8]. - JPMorgan analyst Harlan Sur maintained an Overweight rating and increased the price forecast from $120 to $130 [8]. - Needham analyst N. Quinn Bolton also reiterated a Buy rating and raised the price forecast from $95 to $120 [8]. Market Position and Growth Potential - Marvell's stock was up 6.38% at $98.81 at the time of publication, reflecting positive market sentiment [11]. - Analysts emphasize clear visibility into growth, supported by secured purchase orders from major customers, ensuring no revenue gaps for the upcoming fiscal year [10].

Core Insights - Marvell Technology is a significant player in the semiconductor industry, focusing on data infrastructure technology and competing with major companies like Intel and Broadcom [1] Financial Performance - KeyBanc has set a new price target for Marvell at $130, indicating a potential increase of about 40% from the current trading price of $92.89 [2][5] - Following the acquisition announcement, Marvell's shares surged by 9% in premarket trading, reflecting positive market reception [3][5] - The stock is currently priced at $92.89, with a trading volume of 38.08 million shares on the NASDAQ exchange [3] Market Activity - Marvell's stock has shown significant volatility, with a 52-week high of $127.48 and a low of $47.09, indicating active trading and investor interest [4] - The current market capitalization of Marvell stands at approximately $80.09 billion [4] Strategic Moves - Marvell's acquisition of Celestial AI for $3.25 billion is seen as a strategic move to enhance its capabilities in next-generation AI infrastructure, boosting investor confidence [2][5]

Core Viewpoint - Marvell Technology reported strong fiscal Q3 2026 results, exceeding analyst expectations in both sales and earnings, driven by robust demand for data center products, particularly artificial intelligence chips [1][2][3] Financial Performance - Marvell's fiscal Q3 2026 earnings per share (EPS) were $0.76, surpassing the forecast of $0.74, with sales reaching $2.075 billion against expectations of $2.07 billion [1][2] - Year-over-year sales growth was impressive at 37%, and GAAP earnings were reported at $2.20 per share, significantly higher than the previous year's profit [2] - For Q4, Marvell anticipates revenue of approximately $2.2 billion and pro forma profit of $0.79 per share, indicating a strong outlook for continued growth [6] Market Position - Marvell's current market capitalization stands at $80 billion, with a stock price of $96.60, reflecting a 4% increase following the earnings report [5] - The stock is trading at 32 times earnings, which may seem high, but the anticipated 40% growth rate justifies the valuation, suggesting that the stock remains a buy [7]

Core Insights - Marvell Technology Inc. reported better-than-expected earnings for Q3, with adjusted earnings of 76 cents per share, surpassing the analyst estimate of 73 cents [1] - Quarterly revenue reached $2.08 billion, exceeding the Street estimate of $2.07 billion and showing a significant increase from $1.52 billion in the same period last year [1][2] - The company announced the acquisition of Celestial AI, which is expected to enhance its product offerings [2] Financial Performance - Marvell's Q3 revenue of $2.075 billion set a record, driven by strong demand for data center products [2] - The stock price increased by 3.7% to $96.29 following the earnings announcement [2] Analyst Ratings and Price Targets - Needham analyst N. Quinn Bolton maintained a Buy rating and raised the price target from $95 to $120 [4] - Benchmark analyst Cody Acree also maintained a Buy rating, increasing the price target from $95 to $130 [4] - Multiple analysts, including those from Wells Fargo, Deutsche Bank, and Oppenheimer, raised their price targets significantly, with Oppenheimer increasing it from $115 to $150 [4]