Marvell Technology (MRVL) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $0.94
- Estimate
- $0.93
- Surprise
- +1.0%
- Revenue (period 2026-08-01)
- $2.74B
- Score at report (before → after)
- 5.6 → 5.5/10
Revenue source: xbrl.
How the report landed
Marvell Technology (MRVL) reported diluted EPS of $0.94, in line with the $0.93 estimate. TrendMatrix's engine moved from Hold (5.6/10) to Buy (Wait) at 5.5/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates MRVL Hold at 6.5/10.
3 of the last 4 quarters beat the estimate; this quarter's +1.0% surprise compares with a +1.4% four-quarter average. Next scheduled report: 2026-12-01.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.2 in RISK_OFF)
- Strong earnings beat streak (3/4)
What argues against it
- Concentration risk — Product: data center end market (74.0%)
- Concentration risk — Customer: top-10 customers (82.0%)
- Sector modifier (Technology): -0.8
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $220.65
- Price target
- $262.48
- Stop
- $203.50
- Upside to target
- +19.0%
- Reward-to-risk
- 1.6:1
The stock trades at 78.2× trailing but 35.1× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-14 — shown for context, not personalized investment advice.
MRVL at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Semiconductors
- Market cap
- $212.18B
- P/E (fwd)
- 35.1
- P/E (ttm)
- 78.2
- 52-week range
- $66.33–$329.88
- Off 52-week high
- 33.1%
- RSI (14)
- 46
- Volume vs avg
- 0.90×
- Score today
- 6.5/10