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] - The company's 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] - Marvell announced the acquisition of Celestial AI, which is expected to enhance its product offerings [2] Financial Performance - The record third-quarter revenue of $2.075 billion was driven by strong demand for data center products, according to CEO Matt Murphy [2] - Following the earnings announcement, Marvell shares increased by 3.7%, trading at $96.29 [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 Rosenblatt, Wells Fargo, Deutsche Bank, and Keybanc, maintained their ratings and raised price targets significantly, with some targets reaching as high as $156 [4]

Marvell Technology Inc (NASDAQ:MRVL) just put a very loud stake in the ground: revenue could reach roughly $10 billion next year, CEO Matt Murphy said in the company's third quarter earnings call Q&A, and the market's reaction feels like it's still absorbing the size of that ambition. What sounded like cautious guidance quickly morphed into something closer to a multi-year AI supercycle roadmap.Sequential Growth Every Quarter — And Acceleration AheadMurphy didn't hedge. "You're absolutely in the ballpark wh ...

Group 1 - Marvell Technology reported adjusted earnings of $0.76 per share for Q3 of fiscal 2026, exceeding analyst estimates, with revenue of $2.07 billion in line with expectations [1] - The company experienced strong demand for its data center products, projecting full-year revenue growth of over 40% compared to fiscal 2025, and at least 10% growth in fiscal 2027, with data center revenue expected to surge more than 25% [1] - Marvell announced the acquisition of Celestial AI for $3.25 billion, with an additional $2.25 billion in potential stock awards based on revenue milestones, expected to close in Q1 of next year [1] Group 2 - Following the earnings report and acquisition announcement, Marvell's stock rose nearly 5%, indicating renewed confidence in the AI sector and the company's position within the semiconductor industry [1] - Analysts at Oppenheimer raised their target price for Marvell stock to $150 from $115, reflecting optimism regarding the Celestial AI acquisition [1] - Despite the recent gains, Marvell's stock has declined approximately 12% for 2025 due to earlier concerns about its outlook [1]

Core Insights - Marvell Technology, Inc. reported third-quarter fiscal 2026 earnings of 76 cents per share, exceeding the Zacks Consensus Estimate by 1.3%, and showing a significant year-over-year increase of 76.7% from 43 cents per share last year [1] - The company's revenues for the third quarter reached $2.08 billion, surpassing the Zacks Consensus Estimate by 0.61%, and reflecting a year-over-year growth of 36.8% from $1.52 billion [2] Revenue Breakdown - Data center revenues amounted to $1.52 billion, marking a 37.8% year-over-year increase and 1.8% sequential growth, contributing 73.2% of total revenues [4] - Enterprise networking revenues rose 57% year over year and 23% sequentially to $237.2 million, accounting for 11.4% of total revenues [5] - Carrier infrastructure revenues increased 98% year over year and 29% sequentially to $167.8 million, representing 8.1% of total revenues [6] - Automotive/Industrial revenues declined 58% year over year and 54% sequentially to $35 million, contributing 2% of total revenues [7] - Consumer revenues grew 21% year over year and 1% sequentially to $116.6 million, representing 6% of total revenues [8] Operating Performance - Non-GAAP gross profit was $1.24 billion, a 35% increase year over year, with a non-GAAP gross margin of 59.7%, expanding 30 basis points sequentially but contracting 80 basis points year over year [9] - Non-GAAP operating expenses totaled $485 million, slightly up from $466.9 million in the previous year, while the non-GAAP operating margin improved to 36.3%, expanding 660 basis points year over year [9] Future Guidance - For the fourth quarter, Marvell Technology expects revenues to be approximately $2.20 billion (+/- 5%), indicating an 18.52% year-over-year improvement [11] - The projected non-GAAP gross margin is in the range of 58.5-59.5%, with estimated non-GAAP operating expenses of around $515 million [12] - Non-GAAP earnings per share for the fiscal fourth quarter are projected to be $0.79 (+/- $0.05), reflecting a 74.4% year-over-year improvement [12]

lupmotion / Shutterstock.com Quick Read Deutsche Bank reiterated a buy rating on Marvell, raising their price target to $125 from $90. Bank of America analysts just reiterated a buy rating on Amazon, with a price target of $303 from $272 a share. Analysts at Deutsche Bank reiterated a buy rating on Broadcom ahead of earnings on December 11, 2025. Some investors get rich while others struggle because they never learned there are two completely different strategies to building wealth. Don’t make the ...

Group 1 - Marvell Technology Inc's shares increased by 7.1% to $99.51 following a third-quarter earnings and revenue beat, along with a strong growth outlook for data centers and the acquisition of AI startup Celestial AI for approximately $3.25 billion [1] - The stock has received 17 price-target hikes, with Oppenheimer raising its target from $115 to $150, and 25 out of 35 analysts have a "buy" or better rating, indicating a 21.2% premium to the 12-month consensus target price of $112.55 [2] - Marvell is on track for a fifth consecutive daily gain, marking its best single-day percentage increase since November 24, and has risen 52.3% over the last six months [3] Group 2 - Options trading activity has surged, with 112,000 calls and 67,000 puts traded in the first hour, which is six times the typical volume, with the most active being the weekly 12/5 105-strike call [4]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Viewpoint - Marvell Technology (MRVL.US) reported strong Q3 FY2026 earnings, with revenue of $2.075 billion, a 37% year-over-year increase, surpassing expectations of $2.069 billion, and adjusted EPS of $0.76, exceeding the forecast of $0.74 [1] Group 1: Financial Performance - Revenue for Q3 FY2026 reached $2.075 billion, reflecting a 37% year-over-year growth [1] - Adjusted earnings per share (EPS) were reported at $0.76, above the expected $0.74 [1] Group 2: Future Projections - The company anticipates that data center business revenue will grow over 25% year-over-year in FY2027, significantly exceeding the market expectation of 16% [1] - Projections indicate that growth rates will accelerate further in FY2028 [1] Group 3: Strategic Acquisition - On December 2, 2025, Marvell announced the acquisition of Celestial AI for $3.25 billion in cash and stock, with a maximum transaction value of $5.5 billion [1] - The acquisition is seen as a strategic move to secure core intellectual property (IP) in light of the potential standardization of optical interconnect technology in next-generation AI servers [1] - This positions Marvell favorably in securing future orders from major cloud players like Microsoft and Google [1]

Core Viewpoint - Marvell Technology (MRVL.US) reported strong Q3 FY2026 earnings, with revenue of $2.075 billion, a 37% year-over-year increase, surpassing expectations of $2.069 billion, and adjusted EPS of $0.76, exceeding the forecast of $0.74 [1] Financial Performance - Revenue for Q3 FY2026 reached $2.075 billion, reflecting a 37% increase compared to the previous year [1] - Adjusted earnings per share (EPS) were reported at $0.76, which is higher than the expected $0.74 [1] Future Projections - The company anticipates that data center business revenue will grow by over 25% year-over-year in FY2027, significantly above the market expectation of 16% [1] - Projections for FY2028 indicate an acceleration in growth rates [1] Strategic Acquisition - On December 2, 2025, Marvell Technology announced the acquisition of Celestial AI for $3.25 billion in cash and stock, with a maximum transaction value of $5.5 billion [1] - The acquisition is seen as a strategic move to secure core intellectual property (IP) in light of the potential standardization of optical interconnect technology in next-generation AI servers [1] - This positions Marvell favorably in competing for future orders from major cloud players like Microsoft and Google [1]

Core Insights - The market has shifted focus from companies like Nvidia, which build the "Brains" of generative AI, to those like Marvell Technology, which build the "Nervous System" [1] - Marvell's recent earnings report revealed a record revenue of $2.08 billion, with Data Center sales increasing by 37% year-over-year, indicating a potential "Optical Supercycle" [3][10] - Marvell's Data Center segment now constitutes 73% of total revenue, confirming a shift in capital expenditure from hyperscalers like Amazon, Google, and Microsoft towards optical and custom chips [10] Company Overview - Marvell has transitioned from a company focused on hard drive controllers and 5G carrier chips to a leader in optical technology [5] - The company dominates the Digital Signal Processor (DSP) market, essential for converting electricity to light in optical cables, positioning it as a critical player in the data center ecosystem [11] Market Positioning - Marvell is trading at approximately 10 times sales, significantly lower than competitors like Astera Labs at 30 times and Broadcom at 29 times, suggesting a valuation opportunity as the market recognizes its growth potential [12] - The company is seen as a "Blue Collar AI stock," focusing on the essential infrastructure needed for AI data centers rather than the more glamorous aspects of AI technology [13] Competitive Landscape - Marvell's strategy allows customers like Amazon to retain intellectual property while benefiting from Marvell's custom chip designs, contrasting with Broadcom's more integrated approach [12] - The company is actively leading research and development in co-packaged optics, positioning itself to adapt to potential industry shifts [17]