Marvell Technology stock gains on record quarter and higher guidance

Marvell Technology stock is driven by a $2.74 billion quarter, a $0.94 EPS print, and higher fiscal 2027 and 2028 revenue guidance after August 27, 2026 results.

Marvell Technology stock (US5738741041) is trading around USD 218.45 after a 4.60 percent move on September 4, 2026, while the company said revenue in the fiscal 2027 second quarter reached $2.739 billion and non-GAAP EPS was $0.94.

As Ad hoc News reported on September 4, 2026, the market is now weighing strong AI data center numbers against longer timing on some custom silicon revenue. The report also put third-quarter guidance at $3.15 billion in revenue and $1.10 in adjusted EPS versus $3.03 billion and $1.07 expected.

Data center stays central

Marvell said data center revenue was $2.17 billion in the fiscal 2027 second quarter, equal to 79 percent of total sales, and the segment grew 46 percent year over year. Operating cash flow reached $605.5 million in the same quarter.

The comparison is clear: revenue rose 36.5 percent year over year to $2.739 billion, while adjusted EPS of $0.94 beat the $0.92 consensus by $0.02. That gap is small, but it came on top of a much larger shift in the sales mix toward data center products.

Guidance moved up

The more important figure for investors is the outlook. Management raised fiscal 2027 revenue guidance to about $12.0 billion from about $11.5 billion and set fiscal 2028 revenue at about $18.0 billion, according to market coverage published on September 4, 2026.

That implies a jump of about 41.5 percent from the 2027 target to the 2028 target. It also shows why the stock keeps reacting to the cadence of custom silicon orders, not only to the latest quarter.

Custom silicon timing

Investors are still focused on timing, because the latest coverage said the shares have fallen even after the stronger numbers. The stock was recently quoted around EUR 178.30 and EUR 179.70 on September 4, 2026, which keeps the debate tied to execution rather than valuation alone.

For Marvell Technology, the product story is still custom silicon and data center chips. The revenue mix and the raised guidance both point to a business that remains highly dependent on large cloud spending cycles.

Stock near 182.22 EUR

MarketScreener showed Marvell Technology Group Ltd on CBOE at EUR 182.22 with a 1.11 percent move and a year-to-date change of minus 14.61 percent on September 4, 2026. The same page listed a market capitalization of EUR 183.13 billion.

That leaves the stock priced for the next proof point, not the last quarter.

Marvell Technology key figures

• Company: Marvell Technology Group Ltd
• ISIN: US5738741041
• Ticker: MRVL
• Trading venue: NASDAQ and CBOE
• Price (as of September 4, 2026): USD 218.45
• Market capitalization: EUR 183.13 billion (as of September 4, 2026)
• Sector / Industry: Semiconductors / Semiconductor equipment and materials
• Index membership: NASDAQ-100
• Next earnings date: September 7, 2026