MRVL Earnings Preview: Can Marvell Maintain 62 Percent Revenue Growth Momentum?

Marvell Technology (NASDAQ: MRVL) is positioned to report potentially extraordinary growth in its upcoming earnings release, with analysts projecting a 61.93% year-over-year revenue increase. The semiconductor company's stock, currently trading near $59.70, has shown recent volatility but maintains strong analyst support with a $100 price target suggesting significant upside potential.

Earnings Expectations

Marvell Technology is scheduled to release its quarterly earnings results on May 29, 2025, after market close. Analysts are projecting:

• Revenue: $1.88 billion, representing a 61.93% increase year-over-year
• Earnings Per Share (EPS): $0.61, marking a 154.17% jump from the previous year

This dramatic growth forecast comes as Marvell continues to strengthen its position in the data center market, which has been the company's primary growth driver in recent quarters.

Business Metrics by Segment

Marvell's business is divided into five key segments, with the Data Center segment showing particularly strong growth trends:

• Data Center: $1.10 billion (25.0% YoY growth) - Currently Marvell's largest and fastest-growing segment
• Enterprise Networking: $150.9 million (-0.07% YoY) - Stabilizing after previous declines
• Carrier Infrastructure: $84.7 million (11.59% YoY growth)
• Consumer: $96.5 million (8.55% YoY growth)
• Automotive and Industrial: $82.9 million (8.79% YoY growth)

Follow up on more detailed business metrics here

Recent Stock Performance

Marvell's stock is currently trading at $59.70, showing significant volatility across different timeframes:

• 1 Week: -4.22%
• 1 Month: -2.07%
• 3 Months: -46.03%
• 6 Months: -36.35%
• 1 Year: -11.79%

Access concise statistics and key financial ratios for Marvell Technology – view them here.

Technical & Momentum Indicators

The technical picture for Marvell currently shows mixed signals:

• RSI: 46.02 (neutral)
• MFI: 57.43 (neutral with positive money flow)
• StochRSI: 66.9 (approaching overbought territory)
• CCI: 35.86 (positive momentum)
• Price vs. 20-day SMA: $59.70 vs. $56.08 (trading above short-term average)
• Price vs. 20-day EMA: $59.70 vs. $58.55 (trading above short-term average)
• Price vs. 200-day SMA/EMA: $59.70 vs. $83.10 (trading significantly below long-term average)

Options Activity

Options data suggests moderate institutional interest ahead of earnings:

• Total Premium: $65,289,629
• IV Rank: 69.66 (elevated, suggesting market anticipation of volatility)
• Call Volume: 41,079
• Put Volume: 32,714
• Put-Call Ratio: 0.8 (slightly bullish sentiment)
• Open Interest: 799,813
• Change in OI: +62,918 (increasing interest)
• IV30: 0.62 (62% implied volatility over next 30 days)

Access real-time options chains and key derivatives data for Marvell Technology – explore them here.

Short Interest

Short interest remains relatively low, suggesting limited bearish conviction:

• Short Float: 3.63%
• Shares Short: 26,657,439
• % of Shares Outstanding: 3.08%
• Fail-to-Deliver Shares: 700
• Relative FTD (%): 0.0%

Access up-to-date short interest figures for Marvell Technology via Short Interest Data.

Analyst Ratings & Targets

Wall Street remains strongly bullish on Marvell's prospects:

• Analyst Ratings: 23 analysts covering (Buy consensus)
• Average Price Target: $100.00 (67.5% upside potential)
• Top Analysts' View: 13 top-rated analysts maintain Buy ratings with a $125.00 price target (109.38% upside)

Access consensus analyst forecasts for Marvell Technology via Analyst Forecasts.

Valuation & Fundamentals

Marvell currently trades at a premium valuation, justified by its growth prospects:

• Forward P/E: 20.43x
• PEG Ratio: 19.87x (elevated relative to growth)
• P/S Ratio: 16.94x (current) / 4.4x (forward, reflecting expected growth)
• P/B Ratio: 7.27x
• Net Margin: -15.35% (reflecting current investment phase)
• Gross Margin: 41.31% (solid for semiconductor industry)

Access comprehensive fundamental data for Marvell Technology via Financials.

Cash Flow & Balance Sheet

Marvell maintains a solid financial position with strong cash generation:

• Free Cash Flow: $1.40 billion ($1.61 per share)
• Operating Cash Flow: $1.68 billion ($1.94 per share)
• Cash & Equivalents: $948.3 million
• Current Ratio: 1.54 (healthy liquidity)
• Debt/Equity: 0.32 (manageable leverage)

The company's free cash flow margin of 24.22% demonstrates strong cash generation capabilities despite currently negative GAAP earnings.

Risks & Considerations

• Stock-Based Compensation Impact: $597.4 million (10.36% of revenue)
• Valuation Sensitivity: Forward P/E of 20.43x leaves little room for execution missteps
• Technical Risk: Trading 28.2% below 200-day moving average
• 30-day VaR (95% confidence): -53.97% (high volatility risk)

Investors should particularly note the high stock-based compensation as a percentage of revenue, which significantly impacts GAAP profitability metrics.

Bottom Line

Marvell Technology presents a compelling growth story as it approaches its May 29th earnings report. With analyst projections indicating 62% YoY revenue growth and 154% EPS growth, expectations are high. The company's focus on data center markets has proven successful, with this segment showing 25% YoY growth. However, at current valuations, Marvell has limited room for disappointment.

The risk-reward profile appears balanced heading into earnings. While the stock has pulled back significantly from recent highs (-46% over 3 months), creating potential value, investors should remain cautious about heightened volatility around the report. The strong analyst consensus ($100 price target) suggests significant upside potential if Marvell can deliver on or exceed growth expectations.

Happy Investing!