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]

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]