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Information Technology · S&P 500 · data as of 2026-10-05

MRVL stock analysis: Marvell Technology

Marvell Technology (MRVL) is an S&P 500 company in Semiconductors. It grades weakest on profitability and value.

The model's view of MRVL · subscribers

Where MRVL ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with MRVL · updated 2026-10-05 · from prices and SEC filings

MRVL price performance

MRVL against the S&P 500, one year
+0%+100%+200%+300%MRVL +230%S&P 500 +18%2025-09-292026-10-05
Year to date+219.6%S&P 500 +14.5% · ahead by 205.1 pts
1 year+215.3%S&P 500 +17.0% · ahead by 198.2 pts
3 years+415.0%S&P 500 +89.3% · ahead by 325.7 pts
5 years+365.3%S&P 500 +91.3% · ahead by 274.0 pts

Total returns with dividends reinvested.

MRVL factor grades

Each grade compares MRVL with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

D-ValueP/E 89.5x (industry 49.8x)FCF yield 0.7% (industry 2.5%)
CGrowthRevenue growth +31% (industry +21%)
C-ProfitabilityOperating margin 16.5% (industry 23.2%)ROIC 6.3% (industry 11.0%)
BMomentum12-month change +215%From 52-wk high -14%

MRVL in plain numbers

MRVL key statistics

SectorInformation Technology
IndustrySemiconductors
IndexS&P 500
Market value$237.9B
Revenue growth (y/y)+31%
Free-cash-flow yield0.7%
Dividend yield0.1%
Next earnings (expected)2026-12-01
Valuation measures
Market value$237.9B
Enterprise value$238.9B
P/E (trailing)89.5x
Forward P/E (Torvanta estimate)84.1x
PEG (Torvanta estimate)13.03
Price / sales25.2x
Price / book12.8x
EV / revenue25.3x
EV / EBITDA153.0x
Financial highlights
Revenue, last 12 months$9.5B
Net income, last 12 months$2.6B
EPS, last 12 months (GAAP)$3.03
Gross margin52.2%
Operating margin16.5%
Net margin27.9%
Return on equity16.5%
Return on invested capital6.3%
Cash$3.9B
Total debt$5.0B
Debt / equity0.27x
Free cash flow, last 12 months$1.7B
Interest cover7.6x
Current ratio3.17x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

MRVL earnings trends

Revenue vs earnings
-$676.3M$177.6M$1.0B$1.9B$2.7BOct 2024 Revenue: $1.5BJan 2025 Revenue: $1.8BApr 2025 Revenue: $1.9BJul 2025 Revenue: $2.0BOct 2025 Revenue: $2.1BJan 2026 Revenue: $2.2BApr 2026 Revenue: $2.4BJul 2026 Revenue: $2.7BOct 2024 Net income: -$676.3MJan 2025 Net income: $200.2MApr 2025 Net income: $177.9MJul 2025 Net income: $194.8MOct 2025 Net income: $1.9BJan 2026 Net income: $396.1MApr 2026 Net income: $34.5MJul 2026 Net income: $308.0MOct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026Apr 2026Jul 2026Net margin: -44.6%Net margin: 11.0%Net margin: 9.4%Net margin: 9.7%Net margin: 91.7%Net margin: 17.9%Net margin: 1.4%Net margin: 11.2%-45%24%92%■ Revenue ■ Net income ━ Net margin
Earnings per share$-0.8$-0.0$0.7$1.5$2.2Oct 2024 EPS (GAAP, diluted): $-0.8Jan 2025 EPS (GAAP, diluted): $0.2Apr 2025 EPS (GAAP, diluted): $0.2Jul 2025 EPS (GAAP, diluted): $0.2Oct 2025 EPS (GAAP, diluted): $2.2Jan 2026 EPS (GAAP, diluted): $0.5Apr 2026 EPS (GAAP, diluted): $0.0Jul 2026 EPS (GAAP, diluted): $0.3Oct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026Apr 2026Jul 2026■ EPS (GAAP, diluted) Change from a year earlier: Jan 2026 +100% · Apr 2026 -80% · Jul 2026 +50%

From the company's 10-Q and 10-K filings with the SEC.

Marvell Technology financials (from SEC filings)

Fiscal yearFY2022FY2023FY2024FY2025FY2026
Revenue$4.5B$5.9B$5.5B$5.8B$8.2B
Net income-$421.0M-$163.5M-$933.4M-$885.0M$2.7B
EPS (GAAP)$-0.53$-0.19$-1.08$-1.02$3.08
Free cash flow$650.0M$1.1B$1.0B$1.4B$1.4B

MRVL earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-27$0.33+50%+37%-12.0%
2026-05-27$0.04-80%+28%-2.2%
2026-03-05$0.46+100%+22%+16.6%
2025-12-02$2.20n/a+37%+9.5%
2025-08-28$0.22n/a+58%-15.7%
2025-05-29$0.20n/a+63%-7.1%

About Marvell Technology

HeadquartersWilmington, DE
Industry (SEC code)Semiconductors & Related Devices
Fiscal year endsJanuary 30
Incorporated inDE
Listed onNasdaq

From the company's SEC registration record.

Companies similar to MRVL

CompanyMarket valueP/ERevenue growthOperating margin12-month change
MRVL Marvell Technology$237.9B89.5x+31%16.5%+215%
TXN Texas Instruments$269.3B44.9x+17%37.3%+68%compare
ADI Analog Devices$203.1B49.8x+34%35.5%+75%compare
QCOM Qualcomm$189.8B20.7x+2%23.2%+9%compare
MPWR Monolithic Power$72.7B90.1x+29%28.7%+62%
NXPI NXP Semiconductors$61.1B23.2x+2%30.4%+8%
AMD Advanced Micro Devices$1.0T162.4x+40%15.7%+284%

All Information Technology stock ratings

Frequently asked questions

Is MRVL stock a buy?

Torvanta does not tell individuals what to buy. Its grades for MRVL are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is MRVL's P/E ratio?

MRVL trades at about 89.5 times its last 12 months of GAAP earnings reported to the SEC, and about 84.1 times Torvanta's own estimate of the next 12 months.

When does MRVL report earnings next?

Based on its filing history, Torvanta expects Marvell Technology to report around 2026-12-01.

Does MRVL pay a dividend?

Yes. Its dividend yield is about 0.1%.

How has MRVL performed against the S&P 500?

Over the past year MRVL returned +215.3%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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