Marvell Technology, Inc. (MRVL) earnings on August 27, 2026
More Marvell Technology, Inc. earnings
Prior outlook: Pessimistic Outcome: Accurate
The stock gave up early gains and fell sharply. Despite analysts pointing to strong long-term revenue potential, selling pressure dominated the session.
MRVL price around the earnings
216.62
Change: -10.3%
2026-08-28, 20:00 UTC
Start of the measured window
End of the measured window
215.61
225.17
234.74
244.30
241.45
August 27, 2026
August 28, 2026
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Accurate
- Thesis published
- Results released
Price collapsed below support, rally exhausted
The stock dropped significantly before earnings, falling below a key support level after a strong rally. While the company has a solid history of beating earnings expectations, the recent 29.5% price jump appears to have already priced in the positive expectations. Most retail investors are extremely optimistic, which often contexts a cautionary point.
Context analyzed before publication
- Summary
- Price collapsed below support, rally exhausted
- Playbook
- The price fell to $240.63, breaking below the $243.26 support level. The pre-earnings trajectory fell 53 points, reversing the prior rally. Retail crowd sentiment was extremely optimistic at the breakdown point.
- Trend
- Sharp reversal after strong rally — the strength of the recent trend collapsed
Analysts
Evidence
- Analyst moves in the last 60 days
- 10
- Strong buy: 7
- Buy: 31
- Hold: 6
- Sell: 0
- Strong sell: 0
- Strong buy
- 7
- Buy
- 31
- Hold
- 6
- Sell
- 0
- Strong sell
- 0
- August 25, 2026 · Susquehanna: Maintains rating (Positive → Positive)
- August 25, 2026 · Rosenblatt: Maintains rating (Buy → Buy)
- August 24, 2026 · Morgan Stanley: Maintains rating (Equal-Weight → Equal-Weight)
- August 24, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
- August 21, 2026 · Citigroup: Maintains rating (Buy → Buy)
- August 21, 2026 · Oppenheimer: Maintains rating (Outperform → Outperform)
- August 21, 2026 · BMO Capital: Initiates coverage (Outperform → Outperform)
- August 20, 2026 · UBS: Maintains rating (Buy → Buy)
- August 20, 2026 · RBC Capital: Reiterates rating (Outperform → Outperform)
- August 18, 2026 · TD Cowen: Maintains rating (Hold → Hold)
News and sentiment
Drivers
-
News & sentiment
Negative
StockTwits 100% optimistic — extreme retail crowd at breakdown point.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- High
- Normalized volume
- 99%
News
Sources (5)
- Marvell Earnings Prediction Market Preview: What Will Matt Murphy Say? (opens in a new tab) — Benzinga
- Marvell Technology Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call (opens in a new tab) — Benzinga
- What's Going On With Marvell Technology Stock Thursday? (opens in a new tab) — Benzinga
- Marvell Technology Could Swing $20.8 Billion After Earnings (opens in a new tab) — Benzinga
- Here's How Much $100 Invested In Marvell Technology 10 Years Ago Would Be Worth Today (opens in a new tab) — Benzinga
Technicals
Drivers
-
Technical
Negative
Price $240.63 below support $243.26 and resistance $246.55; trajectory collapsed 53 points pre-event.
Evidence
- Price when the context was analyzed
- 245.12
- Average true range (ATR)
- 6.7%
- Distance to 52-week high
- -23.7%
- 14-day change (14d)
- +12.9%
- 30-day change (30d)
- +29.5%
- 30-day relative strength
- +25.2%
- QQQ change (30d)
- +4.3%
- Nearest support
- 243.27
- Distance to nearest support
- 0.8%
- Nearest resistance
- 246.55
- Distance to nearest resistance
- 0.6%
- Volume accumulation ratio (14d / 46d)
- 0.53
- Minor: 243.26 (0.8% away, 0.11 ATR, 2 touches)
- Mid: 240.23 (2% away, 0.3 ATR, 8 touches)
- Mid: 236.81 (3.4% away, 0.51 ATR, 13 touches)
- Mid: 246.55 (0.6% away, 0.09 ATR, 13 touches)
- Minor: 251.13 (2.5% away, 0.37 ATR, 5 touches)
- Mid: 254.19 (3.7% away, 0.55 ATR, 4 touches)
Trends
Evidence
- Average earnings surprise
- +1.0%
- May 27, 2026: actual EPS 0.8 vs estimate 0.79 (surprise +0.6%)
- March 5, 2026: actual EPS 0.8 vs estimate 0.79 (surprise +1.1%)
- December 2, 2025: actual EPS 0.76 vs estimate 0.74 (surprise +3.0%)
- August 28, 2025: actual EPS 0.67 vs estimate 0.67 (surprise -0.5%)
Expected move
Drivers
-
Past earnings
Neutral
75% beat rate, avg surprise +1.0% — modest execution, not strong enough to justify +29.5% rally.
- Implied move
- +12.6%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 8.4%
- 75th percentile move
- 17.9%
- 90th percentile move
- 20.3%
- Up / down moves
- 8 / 12
- Average up move
- +14.8%
- Average down move
- -8.2%
Monitoring and close
What Marvell Technology, Inc. reported
- Status
- Finished
| Actual EPS | 0.94 |
|---|---|
| EPS estimate | 0.93 |
| EPS surprise | +1.0% |
Marvell reported record Q2 revenue of $2.74B, up 37% YoY, with data center and custom silicon driving growth. Long-term targets were raised amid AI demand, though one analyst noted valuation looks rich versus peers.
Sources (28)
- Marvell Technology Q2 Earnings Call Highlights (opens in a new tab) — MarketBeat
- Marvell Lifts Long-Term Targets as AI Demand Boosts Second-Quarter Profit, Revenue (opens in a new tab) — The Wall Street Journal
- Transcript: Marvell Tech Q2 2027 Earnings Conference Call (opens in a new tab) — Benzinga
- Marvell Stock Sinks as Big Expectations Outweigh Solid Earnings (opens in a new tab) — Barrons.com
- Marvell Shares Slide After Hours (opens in a new tab) — The Wall Street Journal
- Marvell Technology (MRVL) Q2 Earnings and Revenues Beat Estimates (opens in a new tab) — Zacks
- Marvell Technology CFO Says Remain On Pace To Make ~$1B Of Capacity Prepayments To Suppliers In FY 2027 (opens in a new tab) — Benzinga
- Marvell Technology CEO Says Remain Confident That Custom Chip Business Will More Than Double YoY In Fiscal 2028 And Accelerate Significantly In Fiscal 2029; Revenue From Programs Covered By Warrant Agreement With Google Through FY 2028 Is Already Reflected In The Overall Custom Revenue Target We Have Previously Provided (opens in a new tab) — Benzinga
- Marvell Technology Tops Second-Quarter Expectations on Data Center Revenue Surge (opens in a new tab) — MT Newswires
- Marvell Technology CEO Says Now Expect Overall Marvell Revenue In FY 2027 To Grow ~ 45% YoY To Roughly $12B; : Now Expect Data Center Business To Grow By ~ 60% This Fiscal Year; Now Expect Fiscal 2028 Revenue Of ~ $18B; Now Expect Fiscal 2028 Revenue To Grow ~50% YoY (opens in a new tab) — Benzinga
- Marvell Sees Accelerating Growth as AI Demand Boosts Second-Quarter Profit, Revenue (opens in a new tab) — The Wall Street Journal
- MRVL Stock Slips After-Hours Despite Raised Multi-Year Outlook — Investors Weigh Thin Q2 Beat, Lower Q3 Margin Outlook (opens in a new tab) — Stocktwits
- Marvell (MRVL) Is Betting on Microsoft, AWS and Google to Power Its Next Growth Wave (opens in a new tab) — Insider Monkey
- Marvell Posts Q2 Double Beat Driven by Data Center Strength (opens in a new tab) — Benzinga
- Marvell tops Q2 estimates as data center revenue jumps 46% (opens in a new tab) — Proactive
- Marvell Technology (NASDAQ:MRVL) Surprises With Q2 Sales, Inventory Levels Improve (opens in a new tab) — StockStory
- Marvell Q2 FY2027 earnings: record revenue, raised guidance (opens in a new tab) — Quartz
- Chipmaker Marvell Edges Above Estimates But Stock Falls (opens in a new tab) — Investor's Business Daily
- Marvell Tech Sees Q3 GAAP EPS $0.48-$0.58 vs $0.52 Est (opens in a new tab) — Benzinga
- Marvell Tech Sees Q3 Adj EPS $1.05-$1.15 vs $1.07 Est; Sees Sales $2.993B-$3.308B vs $3.034B Est (opens in a new tab) — Benzinga
- Marvell Tech Q2 Adj. EPS $0.94 Beats $0.92 Estimate, Sales $2.739B Beat $2.710B Estimate (opens in a new tab) — Benzinga
- Marvell Traders Send Powerful Signal Before Earnings (opens in a new tab) — GuruFocus.com
- Marvell Stock Braces for 10% Earnings Swing as Options Bets Hit $300 (opens in a new tab) — GuruFocus.com
- Broadcom Faces New AI Challenge as Google Deepens Marvell Partnership (opens in a new tab) — GuruFocus.com
- Marvell Q2: I Agree With The Market (opens in a new tab) — SeekingAlpha
- Nvidia, Micron, Salesforce, Marvell, Veeva, Okta, Hormel, and More Stocks That Explain Today’s Market (opens in a new tab) — Barrons.com
- Marvell Q2: Not Good Enough (opens in a new tab) — SeekingAlpha
- Earnings per share: $0.94 vs $0.93 expected — above expectations. — Yahoo Finance + Finnhub
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- -10.3%
- Max favorable move (MFE)
- 10.7%
- Max adverse move (MAE)
- 1.7%