Marvell Technology stock stays near USD 207 after guidance lift

Published on 09/03/2026 at 18:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Marvell Technology stock is trading near USD 207 after its latest guidance pointed to USD 3.15 billion in third-quarter revenue and adjusted EPS of USD 1.10.

Comicfigur mit Laborkittel hält jubelnd einen leuchtenden Mikrochip im Rechenzentrum — Pop-Art-Comic mit strahlendem Mikrochip in Ingenieurshand versinnbildlicht Marvell Technology, Aktie ISIN US5738741041, Halbleiterbranche, Illustration mit AI erstellt.

Marvell Technology stock (ISIN US5738741041) traded at USD 207.11 on September 3, 2026, with a market value of about USD 181 billion and a 52-week range of USD 61.44 to USD 329.88. The latest trading snapshot also showed a day range of USD 201.10 to USD 208.21 and a 0.30 percent gain.

Guidance above consensus

According to a recent report, Marvell Technology lifted third-quarter guidance to USD 3.15 billion in revenue and adjusted EPS of USD 1.10, above the Street view of USD 3.03 billion and USD 1.07. The same report said second-quarter revenue reached USD 2.74 billion, up 37 percent year over year, with adjusted EPS of USD 0.94.

Operating cash generation in that quarter totaled USD 605.5 million, while data center revenue rose 46 percent to about USD 2.17 billion. For investors, that mix matters more than the daily share move.

Consensus still points higher

MarketScreener listed a last close price of USD 206.48 and an average target price of USD 284.80 on September 3, 2026. The gap between the two is still wide, but the stock already trades far above its USD 61.44 52-week low.

Marvell shares also changed hands near the upper end of the intraday range, which suggests the market is still weighing the upgraded outlook against the prior run-up.

Go deeper

Marvell Technology outlook and quarterly numbers

The latest revenue, EPS and guidance figures define the near-term setup for Marvell Technology stock.

Marvell Technology details

Data center drives revenue

Marvell's data center business remains the key product and segment story, because it delivered USD 2.17 billion in the latest quarter and accounted for much of the growth. That was the clear operating driver behind the revenue beat and the raised outlook.

Stock near its range

As of September 3, 2026, Marvell Technology stock traded at USD 207.11 on NASDAQ. The company remains within striking distance of its 52-week high of USD 329.88, even after the latest pullback from earlier highs.