Wall Street analyst estimates for Marvell Technology, Inc. (MRVL): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
Marvell Technology, Inc., together with its subsidiaries, provides data infrastructure semiconductor solutions and spanning the data center core to network edge in the United States, Argentina, China, India, Israel, Japan, Singapore, South Korea, Taiwan, Vietnam, and internationally. The company develops and scales system-on-a-chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.
Consensus price target
$327.86 (+67 % vs price $196.40)
between $190.00 and $450.00 · 40 targets published in the last quarter
Closing price, Oct 30
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2027E | $12.1B | $12.0B – $12.2B | $4.21 | 26 |
| 2028E | $19.5B | $17.7B – $20.2B | $7.28 | 27 |
| 2029E | $31.4B | $23.6B – $37.8B | $12.40 | 19 |
Fiscal year ending in January · figures in USD · consensus as of October 29, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 60 |
| Hold | 12 |
| Sell | 1 |
| Strong Sell | 0 |
| Total analysts | 73 |
| Avg rating (−2 sell to +2 buy) | 0.81 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-12-01 | $1.10 | ||
| 2026-08-27 | $0.94 | $0.93 | +0.6% |
| 2026-05-27 | $0.80 | $0.80 | +0.3% |
| 2026-03-05 | $0.80 | $0.79 | +1.0% |
| 2025-12-02 | $0.76 | $0.74 | +2.3% |
| 2025-08-28 | $0.67 | $0.67 | -0.4% |
| 2025-05-29 | $0.62 | $0.61 | +1.3% |
| 2025-03-05 | $0.60 | $0.59 | +1.7% |
Valuation Ratios
| P/E Ratio | 65.06 |
| Price / Book | 9.51 |
| EV / EBITDA | 36.22 |
| Dividend Yield | 0.12% |
Income Statement (10y)
| Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.30B | $2.41B | $2.87B | $2.70B | $2.97B | $4.46B | $5.92B | $5.51B | $5.77B | $8.19B |
| Cost of Revenue | $1.01B | $947.2M | $1.41B | $1.34B | $1.48B | $2.40B | $2.93B | $3.21B | $3.39B | $4.01B |
| Gross Profit | $1.29B | $1.46B | $1.46B | $1.36B | $1.49B | $2.06B | $2.99B | $2.29B | $2.38B | $4.18B |
| Research & Development | $806.2M | $720.2M | $914.0M | $1.08B | $1.07B | $1.42B | $1.78B | $1.90B | $1.95B | $2.08B |
| Selling, General & Admin | $251.4M | $239.5M | $370.7M | $464.6M | $467.2M | $955.3M | $843.6M | $834.0M | $798.2M | $767.1M |
| Operating Expenses | $1.06B | $959.7M | $1.28B | $1.54B | $1.75B | $2.41B | $2.75B | $2.86B | $3.10B | $2.86B |
| Operating Income | $232.0M | $502.2M | $173.7M | -$182.7M | -$258.4M | -$347.7M | $238.0M | -$567.7M | -$720.3M | $1.34B |
| EBITDA | $266.3M | $538.9M | $363.0M | $1.41B | $388.6M | $901.1M | $1.65B | $850.7M | $651.6M | $4.54B |
| Interest Expense | $368,000 | $685,000 | $60.4M | $85.6M | $69.3M | $139.3M | $170.6M | $211.7M | $189.4M | $202.6M |
| Pre-tax Income | $147.4M | $451.2M | -$4.6M | $798.4M | -$322.2M | -$483.5M | $85.1M | -$758.7M | -$894.7M | $3.05B |
| Income Tax | $72.6M | $18.1M | $174.4M | -$786.0M | -$44.9M | -$62.5M | $248.6M | $174.7M | -$9.7M | $376.5M |
| Net Income | $21.2M | $432.4M | -$179.1M | $1.58B | -$277.3M | -$421.0M | -$163.5M | -$933.4M | -$885.0M | $2.67B |
| EPS | $0.04 | $0.87 | $-0.30 | $2.38 | $-0.41 | $-0.53 | $-0.19 | $-1.08 | $-1.02 | $3.10 |
| EPS (Diluted) | $0.04 | $0.85 | $-0.30 | $2.34 | $-0.41 | $-0.53 | $-0.19 | $-1.08 | $-1.02 | $3.07 |
| Shares Outstanding (Diluted) | 517.5 M | 509.7 M | 591.2 M | 676.1 M | 668.8 M | 796.9 M | 851.4 M | 861.3 M | 865.5 M | 869.7 M |
Price
| Price | $196.40 (closing price, October 30, 2026) |
| Market Cap | $172.0B |
| Exchange | NASDAQ |
| Country | US |
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