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Marvell Technology (MRVL), a pioneer in data infrastructure-oriented semiconductors, decided to hit “pause” on its Investor Day, which was previously scheduled for June 10. As the company is currently navigating a volatile macro landscape, it decided to push the event back to sometime in 2026.
But Marvell is not stepping away from the spotlight entirely.
On June 17, it will host a webinar spotlighting the future of custom silicon technology for artificial intelligence (AI) infrastructure. Timed to align with its internal senior technical leadership conference, the event will serve as a platform to showcase Marvell’s robust technology portfolio powering next-gen AI systems.
About Marvell Stock
Marvell Technology is a powerhouse in the semiconductor world. With a market cap of $58 billion, it focuses on designing and marketing high-performance System-on-a-Chip and System-in-a-Package solutions.
CEO Matt Murphy recently underscored Marvell’s growing relevance in custom AI infrastructure, setting the stage for deeper insights at its Custom AI Investor Event on June 17.
While the story promises upside, 2025 has thrown curveballs. The stock has shed over 36% in 2025 alone, a slide that contrasts with the company’s otherwise sound fundamentals and expanding opportunities.
From a valuation lens, MRVL appears attractively priced. The stock now trades at 32.7 times forward earnings and 10.43 times sales, noticeably below its five-year average, suggesting potential value in the downturn.
Marvell Surpasses Q1 Earnings
On May 29, Marvell topped Wall Street forecasts with its fiscal Q1 results. Net revenue climbed 63.3% year over year to $1.9 billion, exceeding Wall Street’s estimate of $1.88 billion. The growth was a result of broad-based strength, particularly in areas tied to the AI buildout that is sweeping across the tech landscape.
The star of the quarter was Marvell’s data center segment, where revenues soared 76% year over year to reach $1.4 billion. Demand for electro-optics, custom AI silicon and next-generation switch solutions carried the segment forward. Representing 76% of total revenue, it now stands as Marvell’s largest and most strategic end market.
Enterprise networking saw a healthy 16% rise, while carrier infrastructure revenue nearly doubled, up 93% year over year, making up 7% of total revenue. Even its consumer business showed signs of life with a 50% jump, although it still comprised just 3% of total revenue. The only soft spot came from automotive/industrial, where revenue slipped 2%.
Adjusted net income also climbed 161.2% to $540 million, or $0.62 per share, topping analyst expectations of $0.61.
Amid continued strong demand for its custom AI chips, Marvell has issued an optimistic outlook for the second quarter, forecasting record revenue of $2 billion at the midpoint, reflecting 57% year-over-year growth.
Meanwhile, analysts are anticipating a 325% year-over-year increase in fiscal Q2 EPS to $0.51. For the full fiscal year, Marvell’s bottom line is projected to grow 132.6% to reach $2.14.
What Do Analysts Expect for Marvell Stock?
MRVL’s appeal in the market remains robust, reflected in a “Strong Buy” consensus from analysts. Out of 32 tracking the stock, 24 firmly recommend a “Strong Buy," while three favor a “Moderate Buy,” and five prefer to “Hold,” signaling cautious optimism.
The average price target of $91.31 represents potential upside of 30%, while the Street-high target of $149 suggests that the stock can climb as much as 113% from the current price level.
