COMPOSITE RISK SCORE
58
MODERATE
VAL:7/25 · FIN:16/25 · GRO:15/25 · TECH:20/25
📖 P/B RATIO
9.1x
Price to Book
🏛 MARKET CAP
$135.1B
Large Cap
📊 ROE
19.3%
Return on Equity
Overview
Technical
Financials
Analysis
Verdict
🏢 Company Analysis · Marvell Technology, Inc.
💼 BUSINESS MODEL
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.. It offers a portfolio of ethernet solutions, including spanning controllers, network adapters, physical transceivers, and switches; single or multiple core processors; and custom application specific integrated circuits, interconnects, fibre channel adapters, and processors.. The company also provides interconnect products, including pulse amplitude modulation, coherent and coherent-lite digital signal processors (DSPs), laser drivers, trans-impedance amplifiers, silicon photonics, co-packaged optics, linear pluggable optics chipsets, data center interconnect, active electrical cable DSPs and peripheral component interconnect express retimer solutions; fibre channel products comprising host bus adapters and controllers for server and storage system connectivity; storage controllers for hard disk drives and solid-state-drives; host system interfaces, including serial advanced technology attachment and serial attached SCSI, peripheral component interconnect express, compute express link switches, non-volatile memory express (NVMe), and NVMe over fabrics; and develops ultra accelerator linkTM switches and ethernet for scale-up networking switches.. Operates in Semiconductors within the Technology sector. Workforce of 7,480 employees.
🏰 MOAT & COMPETITION
Large-cap ($135B) — established player with meaningful market presence. ROE of 19.3% — decent but not exceptional capital efficiency. Profit margin of 32.6% suggests pricing power / cost moat.
🚀 CATALYSTS
Revenue growing at 22% — strong top-line momentum. Earnings growth of 106% signals execution on profitability.
⚖️ ASYMMETRY CHECK
Analyst target range: $85 — $170 (mean $128, 39 analysts). Unfavorable asymmetry — limited upside +10% vs downside -45% (0.2x).P/E of 50.5x — premium valuation , growth must sustain to avoid de-rating risk.
🔭 FUTURE OUTLOOK
Analyst consensus: Strong Buy (39 analysts). Latest quarter earnings grew 98% YoY — positive trajectory.
P/E at 50x
P/B at 9.1x
Analyst target: $128.36 (-16.9%)
1Y return: +163.9%
ROE: 19.3%
Profit margin: 32.6%
Revenue growth: 22.1%
Debt/Equity: 33%
Revenue growth: 22.1%
Earnings growth: 106.3%
Beta: 1.82
Sector: Technology
RSI, MACD, MA crossovers
200 DMA & 50 EMA position
Volume trend analysis
Price momentum signals
📈 Price Movement
1D 1W 1M
6M 1Y 3Y 5Y
🕯 Candlestick Chart
1D 1W 1M
6M 1Y 3Y 5Y
🎯 Price Prediction · Analyst Target Cone
📉 Valuation Trends (at current CMP)
P/E P/B MCap/Sales EPS
Insufficient P/E data
11.6
10.5
9.5
8.4
7.3
2023
2024
2025
2026
2023: 8.6 2024: 9.1 2025: 10.1 2026: 9.4 9.4
28.2
24.7
21.1
17.6
14.0
2023
2024
2025
2026
2023: 22.8 2024: 24.5 2025: 23.4 2026: 16.5 16.5
Insufficient EPS data
💎 Valuation & Financial Metrics
P/E RATIO
50.5x
Trailing twelve months
P/B RATIO
9.1x
Price to Book value
PROFIT MARGIN
32.6%
Net profit margin
OPM
18.7%
Operating profit margin
ANALYST TARGET
$128.36
Range: $85.00 - $170.00
PEG RATIO
1.80
Price/Earnings to Growth
EV/EBITDA
51.8x
Enterprise value ratio
CURRENT RATIO
2.01
Liquidity measure
DIVIDEND YIELD
16.00%
Annual yield
GROSS MARGIN
51.0%
Gross profit margin
SECTOR BENCHMARKS — SEMICONDUCTORS
P/E (fair) 35.0x (sector mid)
P/B (fair) 8.0x (sector mid)
ROE (good) 25% (sector target)
OPM (good) 25% (sector target)
D/E comfort <20 (sector)
📋 Quarterly Performance Trend
Quarter Revenue QoQ % Net Profit QoQ % Op. Cash Flow EBITDA Margin
Q3 '24
N/A —
N/A —
N/A
N/A
Q1 '25
$1.8B —
$200.2M —
$514.0M
31.4%
Q2 '25
$1.9B +4.3%
$177.9M -11.1%
$332.9M
31.7%
Q3 '25
$2.0B +5.8%
$194.8M +9.5%
$461.6M
30.8%
Q4 '25
$2.1B +3.4%
$1.9B +876.0%
$582.3M
124.5%
Q1 '26
$2.2B +7.0%
$396.1M -79.2%
$373.7M
33.8%
📊 Year-on-Year Trend
FY Revenue YoY % Net Profit YoY % Op. Cash Flow YoY %
2022
N/A —
N/A —
N/A —
2023
$5.9B —
$-163.5M —
$1.3B —
2024
$5.5B -7.0%
$-933.4M -470.9%
$1.4B +6.3%
2025
$5.8B +4.7%
$-885.0M +5.2%
$1.7B +22.7%
2026
$8.2B +42.1%
$2.7B +401.7%
$1.8B +4.1%
📈 Revenue vs Earnings
Quarterly
Annual
💰 How Marvell Technology, Inc. Makes Its Money
Quarterly
Annual
Revenue
$2.2B
Cost of Revenue
$1.1B
Gross Profit
$1.1B
R&D
$536M
SG&A
$198M
Operating Inc.
$414M
Interest
$51M
Net Income
$396M
(17.9% margin)
Jan 2026 · All values in $ Millions
Revenue
$2.1B
Cost of Revenue
$1.0B
Gross Profit
$1.1B
R&D
$512M
SG&A
$190M
Operating Inc.
$367M
Tax
$314M
Interest
$51M
Net Income
$1.9B
(91.7% margin)
Oct 2025 · All values in $ Millions
Revenue
$2.0B
Cost of Revenue
$996M
Gross Profit
$1.0B
R&D
$519M
SG&A
$193M
Operating Inc.
$299M
Tax
$39M
Interest
$56M
Net Income
$195M
(9.7% margin)
Jul 2025 · All values in $ Millions
Revenue
$1.9B
Cost of Revenue
$943M
Gross Profit
$952M
R&D
$508M
SG&A
$186M
Operating Inc.
$258M
Tax
$38M
Interest
$55M
Other
$12M
Net Income
$178M
(9.4% margin)
Apr 2025 · All values in $ Millions
Revenue
$8.2B
Cost of Revenue
$4.0B
Gross Profit
$4.2B
R&D
$2.1B
SG&A
$767M
Operating Inc.
$1.3B
Tax
$376M
Interest
$203M
Net Income
$2.7B
(32.6% margin)
Jan 2026 · All values in $ Millions
Revenue
$5.8B
Cost of Revenue
$3.4B
Gross Profit
$2.4B
R&D
$2.0B
SG&A
$798M
Operating Inc.
-$366M
Interest
$189M
Other
$354M
Net Income
-$885M
(-15.3% margin)
Jan 2025 · All values in $ Millions
Revenue
$5.5B
Cost of Revenue
$3.2B
Gross Profit
$2.3B
R&D
$1.9B
SG&A
$834M
Operating Inc.
-$437M
Tax
$175M
Interest
$212M
Other
$131M
Net Income
-$933M
(-16.9% margin)
Jan 2024 · All values in $ Millions
Revenue
$5.9B
Cost of Revenue
$2.9B
Gross Profit
$3.0B
R&D
$1.8B
SG&A
$844M
Operating Inc.
$360M
Tax
$249M
Interest
$171M
Other
$122M
Net Income
-$164M
(-2.8% margin)
Jan 2023 · All values in $ Millions
Jan 2026
Oct 2025
Jul 2025
Apr 2025
🏦 Snapshot of Marvell Technology, Inc.'s Balance Sheet
Quarterly
Annual
Total Assets
$22.3B
Cash & Equiv.: $2.6B (11.8%)
Receivables: $2.2B (9.8%)
Inventory: $1.4B (6.2%)
Other Current: $247M (1.1%)
PP&E: $1.2B (5.5%)
Goodwill: $11.1B (49.6%)
Other Intangibles: $2.1B (9.2%)
Other Non-Curr.: $1.5B (6.7%)
Liab. + Equity
$22.3B
Current Liab.: $3.2B (14.5%)
Long-Term Debt: $4.0B (17.8%)
Other Liab.: $786M (3.5%)
Equity: $14.3B (64.2%)
As of Jan 2026 · All values in $ Millions
Total Assets
$21.6B
Cash & Equiv.: $2.7B (12.6%)
Receivables: $1.5B (7.2%)
Inventory: $1.0B (4.7%)
Other Current: $237M (1.1%)
PP&E: $1.1B (5.2%)
Goodwill: $11.1B (51.3%)
Other Intangibles: $2.3B (10.6%)
Other Non-Curr.: $1.6B (7.3%)
Liab. + Equity
$21.6B
Current Liab.: $2.7B (12.7%)
Long-Term Debt: $4.0B (18.4%)
Other Liab.: $816M (3.8%)
Equity: $14.1B (65.1%)
As of Oct 2025 · All values in $ Millions
Total Assets
$20.6B
Cash & Equiv.: $1.2B (5.9%)
Receivables: $1.5B (7.1%)
Inventory: $1.1B (5.1%)
Other Current: $785M (3.8%)
PP&E: $1.1B (5.2%)
Goodwill: $11.1B (53.7%)
Other Intangibles: $2.6B (12.4%)
Other Non-Curr.: $1.4B (6.8%)
Liab. + Equity
$20.6B
Current Liab.: $2.4B (11.7%)
Long-Term Debt: $4.0B (19.3%)
Other Liab.: $797M (3.9%)
Equity: $13.4B (65.2%)
As of Jul 2025 · All values in $ Millions
Total Assets
$20.0B
Cash & Equiv.: $886M (4.4%)
Receivables: $1.1B (5.7%)
Inventory: $1.1B (5.4%)
Other Current: $736M (3.7%)
PP&E: $1.0B (5.1%)
Goodwill: $11.1B (55.2%)
Other Intangibles: $2.8B (14.1%)
Other Non-Curr.: $1.3B (6.4%)
Liab. + Equity
$20.0B
Current Liab.: $2.9B (14.7%)
Long-Term Debt: $3.0B (14.9%)
Other Liab.: $792M (4.0%)
Equity: $13.3B (66.5%)
As of Apr 2025 · All values in $ Millions
Total Assets
$22.3B
Cash & Equiv.: $2.6B (11.8%)
Receivables: $2.2B (9.8%)
Inventory: $1.4B (6.2%)
Other Current: $247M (1.1%)
PP&E: $1.2B (5.5%)
Goodwill: $11.1B (49.6%)
Other Intangibles: $2.1B (9.2%)
Other Non-Curr.: $1.5B (6.7%)
Liab. + Equity
$22.3B
Current Liab.: $3.2B (14.5%)
Long-Term Debt: $4.0B (17.8%)
Other Liab.: $786M (3.5%)
Equity: $14.3B (64.2%)
As of Jan 2026 · All values in $ Millions
Total Assets
$20.2B
Cash & Equiv.: $948M (4.7%)
Receivables: $1.0B (5.1%)
Inventory: $1.0B (5.1%)
PP&E: $1.0B (5.1%)
Goodwill: $11.6B (57.3%)
Other Intangibles: $3.1B (15.4%)
Other Non-Curr.: $1.3B (6.7%)
Liab. + Equity
$20.2B
Current Liab.: $2.0B (10.0%)
Long-Term Debt: $3.9B (19.5%)
Other Liab.: $816M (4.0%)
Equity: $13.4B (66.5%)
As of Jan 2025 · All values in $ Millions
Total Assets
$21.2B
Cash & Equiv.: $951M (4.5%)
Receivables: $1.1B (5.3%)
Inventory: $864M (4.1%)
PP&E: $960M (4.5%)
Goodwill: $11.6B (54.6%)
Other Intangibles: $4.4B (20.5%)
Other Non-Curr.: $1.3B (6.0%)
Liab. + Equity
$21.2B
Current Liab.: $1.8B (8.5%)
Long-Term Debt: $4.1B (19.1%)
Other Liab.: $524M (2.5%)
Equity: $14.8B (69.9%)
As of Jan 2024 · All values in $ Millions
Total Assets
$22.5B
Cash & Equiv.: $911M (4.0%)
Receivables: $1.2B (5.3%)
Inventory: $1.1B (4.7%)
PP&E: $789M (3.5%)
Goodwill: $11.6B (51.4%)
Other Intangibles: $5.5B (24.6%)
Other Non-Curr.: $1.3B (5.9%)
Liab. + Equity
$22.5B
Current Liab.: $2.4B (10.6%)
Long-Term Debt: $3.9B (17.4%)
Other Liab.: $590M (2.6%)
Equity: $15.6B (69.4%)
As of Jan 2023 · All values in $ Millions
Jan 2026
Oct 2025
Jul 2025
Apr 2025
💸 Looking into Marvell Technology, Inc.'s Cash Flow
Quarterly
Annual
Operating CF
$374M
Capital Exp.
$115M
Free Cash Flow
$258M
Dividends
$51M
Buybacks
$200M
Retained / Other
$7M
FY2026 · All values in $ Millions
Operating CF
$582M
Capital Exp.
$75M
Free Cash Flow
$508M
Dividends
$51M
Buybacks
$1.3B
FY2025 · All values in $ Millions
Operating CF
$462M
Capital Exp.
$49M
Free Cash Flow
$413M
Dividends
$52M
Buybacks
$200M
Debt Repaid
$758M
FY2025 · All values in $ Millions
Operating CF
$333M
Capital Exp.
$120M
Free Cash Flow
$213M
Dividends
$52M
Buybacks
$340M
Debt Repaid
$33M
FY2025 · All values in $ Millions
Operating CF
$1.8B
Capital Exp.
$359M
Free Cash Flow
$1.4B
Dividends
$205M
Buybacks
$2.0B
Debt Repaid
$791M
FY2026 · All values in $ Millions
Operating CF
$1.7B
Capital Exp.
$292M
Free Cash Flow
$1.4B
Dividends
$208M
Buybacks
$725M
Debt Repaid
$109M
Retained / Other
$348M
FY2025 · All values in $ Millions
Operating CF
$1.4B
Capital Exp.
$350M
Free Cash Flow
$1.0B
Dividends
$207M
Buybacks
$150M
Debt Repaid
$1.6B
FY2024 · All values in $ Millions
Operating CF
$1.3B
Capital Exp.
$217M
Free Cash Flow
$1.1B
Dividends
$204M
Buybacks
$115M
Debt Repaid
$266M
Retained / Other
$486M
FY2023 · All values in $ Millions
FY2026
FY2025
FY2025
FY2025
🎯 EPS: Estimate vs Actual
Estimates
Quarterly
Annual
📅 Quarterly Results
Item Jan '26 Oct '25 Jul '25 Apr '25 Jan '25 Jul '24 Total Revenue $2.22B $2.07B $2.01B $1.90B $1.82B — Cost of Revenue $1.07B $1.00B $995.5M $942.9M $900.0M — Gross Profit $1.15B $1.07B $1.01B $952.4M $917.4M — Operating Expense $734.0M $702.4M $711.8M $694.1M $694.7M — Operating Income $413.9M $367.4M $298.8M $258.3M $222.7M — Interest Expense $50.8M $51.2M $56.4M $54.7M $45.0M — Pretax Income $381.6M $2.22B $233.7M $215.9M $199.8M — Tax Provision $-14.5M $314.1M $38.9M $38.0M $-400.0K — Net Income $396.1M $1.90B $194.8M $177.9M $200.2M — EBITDA $749.4M $2.58B $617.9M $600.5M $570.7M — EPS (Basic) $0.47 $2.22 $0.23 $0.21 $0.23 — EPS (Diluted) $0.46 $2.20 $0.22 $0.20 $0.23 — Shares Outstanding 856.2M 863.7M 870.4M 875.6M 879.9M —
📊 Profit & Loss Statement
Item Jan '26 Jan '25 Jan '24 Jan '23 Jan '22 Total Revenue $8.19B $5.77B $5.51B $5.92B — Cost of Revenue $4.01B $3.39B $3.21B $2.93B — Gross Profit $4.18B $2.38B $2.29B $2.99B — Operating Expense $2.84B $2.75B $2.73B $2.63B — Operating Income $1.34B $-366.4M $-436.6M $359.6M — Interest Expense $202.6M $189.4M $211.7M $170.6M — Pretax Income $3.05B $-894.7M $-758.7M $85.1M — Tax Provision $376.5M $-9.7M $174.7M $248.6M — Net Income $2.67B $-885.0M $-933.4M $-163.5M — EBITDA $4.54B $651.6M $850.7M $1.65B — EPS (Basic) $3.10 $-1.02 $-1.08 $-0.19 — EPS (Diluted) $3.07 $-1.02 $-1.08 $-0.19 — Shares Outstanding 869.7M 865.5M 861.3M 851.4M —
🏦 Balance Sheet
Item Jan '26 Jan '25 Jan '24 Jan '23 Jan '22 Total Assets $22.29B $20.20B $21.23B $22.52B — Current Assets $6.46B $3.12B $3.06B $3.28B — Cash & Equivalents $2.64B $948.3M $950.8M $911.0M — Accounts Receivable $2.19B $1.03B $1.12B $1.19B — Inventory $1.39B $1.03B $864.4M $1.07B — Non-Current Assets $15.82B $17.08B $18.17B $19.24B — Property Plant & Equip $1.22B $1.04B $959.6M $788.7M — Goodwill $11.06B $11.59B $11.59B $11.59B — Intangible Assets $13.11B $14.70B $15.94B $17.13B — Total Liabilities $7.98B $6.78B $6.40B $6.88B — Current Liabilities $3.22B $2.03B $1.81B $2.39B — Accounts Payable — — — — $461.5M Short-Term Debt $499.8M $129.5M $107.3M $584.4M — Long-Term Debt $3.97B $3.93B $4.06B $3.91B — Total Equity $14.31B $13.43B $14.83B $15.64B — Retained Earnings $1.36B $-1.11B $-16.7M $1.12B — Book Value/Share 1.20B -1.27B -1.11B -1.49B —
💰 Cash Flow Statement
Item Jan '26 Jan '25 Jan '24 Jan '23 Jan '22 Operating Cash Flow $1.75B $1.68B $1.37B $1.29B — Depreciation & Amort. $1.29B $1.36B $1.40B $1.39B — Change in Working Cap $-1.11B $129.1M $57.8M $-649.8M — Capital Expenditure $-358.6M $-291.6M $-350.2M $-217.3M — Free Cash Flow $1.39B $1.39B $1.02B $1.07B — Investing Cash Flow $2.10B $-300.7M $-350.5M $-328.4M — Acquisitions $0 $-10.4M $0 $-112.3M — Financing Cash Flow $-2.16B $-1.38B $-980.2M $-662.9M — Debt Issued $1.20B $0 $1.30B $200.0M — Debt Repaid $-790.6M $-109.4M $-1.62B $-265.6M — Dividends Paid $-205.1M $-207.5M $-206.8M $-204.4M — Share Buyback $-2.04B $-725.0M $-150.0M $-115.0M — Net Change in Cash $1.69B $-2.5M $39.8M $297.5M —
📈 Key Financial Ratios
Ratio FY2026 FY2025 FY2024 FY2023 FY2022 Gross Margin % 51.0% 41.3% 41.6% 50.5% — Operating Margin % 16.3% -6.4% -7.9% 6.1% — Net Margin % 32.6% -15.3% -16.9% -2.8% — EBITDA Margin % 55.4% 11.3% 15.4% 27.8% — ROE % 18.7% -6.6% -6.3% -1.0% — ROA % 12.0% -4.4% -4.4% -0.7% — Debt/Equity % 33.5% 32.3% 29.7% 30.3% — Current Ratio 2.01 1.54 1.69 1.37 — FCF Margin % 17.0% 24.1% 18.5% 18.1% — Asset Turnover 0.37 0.29 0.26 0.26 —
🚀 Compounded Growth Rates
Revenue
1-Year +42.1% 3-Year CAGR +22.0%
🏭 Industry Peers — Semiconductors
Ticker Company Price P/E P/B MCap ROE Margin Rev Growth AAPL Apple Inc. $269.04 34.1 44.9 $3,949.8B 152.0% 27.0% 15.7% MSFT Microsoft Corporation $424.22 26.6 8.1 $3,152.9B 34.4% 39.0% 16.7% GOOGL Alphabet Inc. $350.63 32.4 10.2 $4,241.7B 35.7% 32.8% 18.0% META Meta Platforms, Inc. $672.04 28.6 7.8 $1,705.9B 30.2% 30.1% 23.8% NVDA NVIDIA Corporation $210.54 43.0 32.5 $5,117.2B 101.5% 55.6% 73.2% ORCL Oracle Corporation $162.82 29.2 14.0 $468.3B 57.6% 25.3% 21.7% CRM Salesforce, Inc. $180.20 23.1 2.8 $147.4B 12.4% 18.0% 12.1% ADBE Adobe Inc. $241.50 14.1 8.6 $97.6B 58.8% 29.5% 12.0%
Peers selected from Technology sector · Data from Yahoo Finance
🏛 Shareholding Pattern
TOP HOLDERS
Holder Type Shares % Held FMR, LLC Inst 126,817,429 14.50% Vanguard Group Inc Inst 78,755,386 9.01% Blackrock Inc. Inst 59,806,492 6.84% State Street Corporation Inst 22,834,816 2.61% Ameriprise Financial, Inc. Inst 17,146,932 1.96% Fidelity Select Portfolios-Select S MF 34,588,407 3.96% VANGUARD INDEX FUNDS-Vanguard Total MF 27,094,446 3.10% Invesco QQQ Trust, Series 1 MF 18,335,744 2.10%
🟢 CATALYSTS
🏆 Positive Revenue Growth: Revenue growing at 22.1% YoY.
💹 Healthy Margins (32.6%): Above sector norm of 25%.
🔀 Earnings Growth (106%): Above sector norm — strong profit expansion.
🔴 RISKS
📜 High Beta (1.82): More volatile than market — higher swing risk.
💰 Below Analyst Target: CMP above mean target — limited upside consensus.
🔓 Market Risk: Broader market correction or sentiment shift could impact stock.
🕸 Factor Analysis · Radar
Momentum 8/10: 1M +76.0%, 6M +71.5%, RSI 72, MACD bullish, Above 200DMA Sentiment 4/10: Analyst upside -16.9%, Rec: strong buy Value 3/10: P/E 50.5, P/B 9.1, PEG 1.80, EV/EBITDA 51.8 Quality 8/10: ROE 19.3%, Margin 32.6%, D/E 33, CR 2.01 Low Volatility 1/10: Beta 1.82, Ann. vol 58% Momentum
8
Sentiment
4
Value
3
Quality
8
Low Vol
1
Momentum 8/10 1M +76.0%, 6M +71.5%, RSI 72, MACD bullish, Above 200DMA
Sentiment 4/10 Analyst upside -16.9%, Rec: strong buy
Value 3/10 P/E 50.5, P/B 9.1, PEG 1.80, EV/EBITDA 51.8
Quality 8/10 ROE 19.3%, Margin 32.6%, D/E 33, CR 2.01
Low Volatility 1/10 Beta 1.82, Ann. vol 58%
🎯 Decision Matrix — Game Theory
Action If Stock Rises If Stock Falls
BUY Benefit from potential re-rating OPM of 19% provides margin buffer HOLD Retain existing position; wait for better entry Miss further upside if momentum continues; 1M return of +76.0% shows momentum SELL Lock in +163.9% 1Y return Avoid further drawdown
REASONS TO BUY
Revenue growing at 22.1% YoY (sector norm: 12%)
REASONS TO SELL / AVOID
1Y return of +163.9% — profit booking opportunity
Trading above analyst target — consensus sees -16.9% downside
Marvell Technology, Inc. trades at $154.45 with a composite risk score of 58/100.
The stock scores 7/25 on valuation, 16/25 on financial health, 15/25 on growth, and 20/25 on technicals.
The company is currently profitable with strong return on equity.
Bottom Line: Neutral for Technology — wait for better entry or catalyst. The current recommendation is HOLD .
PROFITABLE
HIGH ROE
STRONG GROWTH
EXPENSIVE
VOLATILE