Marvell Technology, Inc.(MRVL)Stock Analysis
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Rank #88 of 2,879 stocksTOP 5%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
MRVL Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Marvell Technology, Inc. (MRVL), a Technology sector company. 13F Pro's AI-powered ranking engine scores MRVL at 77.3/100 on a 32-signal composite quality model, placing it at rank #88 of 2,879 stocks — the top 5% of the AI-ranked universe. MRVL scores in the top quartile across profitability (91.1), balance sheet strength (87.2), revenue growth (85.6). Areas of concern include earnings quality (30.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 20.9/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2027), Marvell Technology, Inc. reports quarterly revenue of $2.4B, net income of $34.5M, free cash flow of $483.1M. Top institutional holders of MRVL by reported 13-F value include Swedbank AB, Assenagon Asset Management S.A., DAVENPORT & Co, based on the most recent SEC filings. MRVL trades on the Nasdaq exchange and files with the SEC under CIK 1835632. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MRVL daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Marvell Technology, Inc. directly from SEC EDGAR. Marvell Technology, Inc.'s 13F Pro composite quality score has ranged between 8 and 79 since 2022, currently 77.3 — an improving long-term trajectory across 52 quarterly and live scoring snapshots.
What's Driving MRVL's Business? Latest 10-Q Breakdown
✓ 35/35 datapoints verifiedAI-extracted from Marvell Technology, Inc.'s 10-Q filed 2026-05-28 — Q1 FY2027 (three months ended May 2, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue surged 28% YoY to $2.4B driven by strong AI-related data center demand, but net income collapsed 81% due to a $331.8M fair value loss on contingent consideration from the Celestial acquisition.
Biggest Revenue Drivers
Total revenue: $2,417.8M+28% YoY
Strong AI-related demand for electro-optics, custom, storage, and switching products.
Revenue recovery driven by normalizing customer inventory levels.
Largest Expense Items
Better cost absorption offset by product mix shift; COGS as % of revenue improved from 49.7% to 47.9%.
Higher spending for R&D initiatives including headcount growth from acquisitions and $22.3M acquisition-related costs.
Increase driven by $42.6M acquisition-related costs and higher employee compensation from added acquisition headcount.
$331.8M fair value increase in contingent consideration liability for Celestial acquisition, partially offset by $81.1M gain on forward stock purchase contract.
Margins: Gross margin expanded 1.8 percentage points YoY to 52.1% due to better cost absorption from higher revenue, despite product mix headwinds. Operating margin remained flat at 14.0% as R&D and SG&A expense increases offset gross profit gains.
Watch Items from the Filing
- Customer concentration: Three customers represent 75% of gross accounts receivable as of May 2, 2026; Distributor A alone accounts for 45% of Q1 revenue.
- Geographic concentration: China shipments increased to 44% of revenue (up from 37% YoY); Taiwan 21%; subject to export restrictions and geopolitical risks.
- Acquisition contingent liability volatility: $331.8M fair value swing in Celestial earnout in one quarter; maximum exposure is $233M cash plus 22.4M shares through FY2029, creating earnings volatility.
- Data center concentration: 76% of Q1 revenue from data center (up from 76% prior year); heavy reliance on AI infrastructure spending sustainability.
- Manufacturing capacity commitments: $870M of deposits committed for wafer/substrate capacity through Q2 FY2028; $2.76B in unconditional purchase commitments to foundries.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2027
$2.4B
Net Income
Q1 2027
$34.5M
Free Cash Flow
Q1 2027
$483.1M
D/E Ratio
Q1 2027
0.27
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+42.1% YoYNet Income
+401.7% YoYOperating Income
+283.7% YoYEPS (Diluted)
+401.0% YoYTotal Assets
+10.3% YoYTotal Debt
+30.5% YoYOp. Cash Flow
+4.1% YoY| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $8.19B +42.1% | $5.77B +4.7% | $5.51B +85.5% | $2.97B +10.0% | $2.70B | — |
| Net Income | $2.67B +401.7% | $-885.0M +5.2% | $-933.4M -236.6% | $-277.3M -117.5% | $1.58B | — |
| Operating Income | $1.32B +283.7% | $-720.3M -26.9% | $-567.7M -119.7% | $-258.4M -6.2% | $-243.4M | — |
| EPS (Diluted) | $3.07 +401.0% | $-1.02 +5.6% | $-1.08 -163.4% | $-0.41 -117.5% | $2.34 | — |
| Total Assets | $22.29B +10.3% | $20.20B -4.8% | $21.23B +97.2% | $10.76B | — | — |
| Total Debt | $5.47B +30.5% | $4.19B -1.9% | $4.27B +168.4% | $1.59B | — | — |
| Operating Cash Flow | $1.75B +4.1% | $1.68B +22.7% | $1.37B +67.7% | $817.3M +126.8% | $360.3M | — |
AI Insight: MRVL Financial Trends
Revenue surged 22% from Q3 2024 to Q2 2026, but net income collapsed 82% in latest quarter despite operating income stability.
• Revenue grew steadily from $1,273M (Q3 2024) to $2,418M (Q2 2026), a 90% increase over 8 quarters.
• Operating cash flow remained strong, averaging $491M across last 4 quarters, peaking at $639M in Q2 2026.
• Net income plummeted to $34M in Q2 2026 from $396M in Q1 2026, despite operating income of $339M.
⚠ Total debt spiked 35% to $5,470M in Q1 2026, then moderated to $4,961M; equity jumped 27% in Q2 2026.
⚠ Q4 2025 net income of $1,901M was anomalously high; Q2 2026 dropped 98%, signaling non-recurring items or major headwind.
AI Insight: MRVL Ratio Trends
Marvell bounced back from Q4 2024 collapse, but Q2 2026 profitability crater signals near-term turbulence despite stabilizing leverage.
• Operating margin recovered from -46.4% in Q4 2024 to 18.2% in Q1 2026, then fell to 14.0% in Q2 2026.
• Net profit margin plummeted from 17.8% in Q1 2026 to 1.4% in Q2 2026, indicating severe earnings compression.
• ROIC improved from negative 2.2% in Q3 2024 to 8.2% in Q1 2026, but declined to 5.9% in Q2 2026.
• Debt-to-equity stabilized at 0.27–0.41 range; leverage remains manageable versus historical norms.
⚠ Q2 2026 NPM of 1.4% and ROA of 0.5% represent 14-quarter lows; investigate underlying margin pressure drivers.
⚠ Q4 2025 NPM spike to 91.6% appears anomalous; subsequent normalization to 1.4% suggests non-recurring item or accounting adjustment.
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Top Institutional Holders of MRVL
Swedbank AB
$444.2M1,491,227 shAssenagon Asset Management S.A.
$403.7M1,355,085 shDAVENPORT & Co LLC
$192.2M645,205 shTensor Edge Capital, LLC
$181.6M609,668 shVAUGHAN NELSON INVESTMENT MANAGEMENT, L.P.
$103.8M348,304 shTB Alternative Assets Ltd.
$76.9M258,070 shCzech National Bank
$74.2M249,216 shOFI INVEST ASSET MANAGEMENT
$62.2M237,652 shCOMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS
$57.6M193,386 shPensionDanmark Pensionsforsikringsaktieselskab
$48.0M161,134 sh
| Fund | Value | Shares |
|---|---|---|
| Swedbank AB | $444.2M | 1,491,227 |
| Assenagon Asset Management S.A. | $403.7M | 1,355,085 |
| DAVENPORT & Co LLC | $192.2M | 645,205 |
| Tensor Edge Capital, LLC | $181.6M | 609,668 |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | $103.8M | 348,304 |
| TB Alternative Assets Ltd. | $76.9M | 258,070 |
| Czech National Bank | $74.2M | 249,216 |
| OFI INVEST ASSET MANAGEMENT | $62.2M | 237,652 |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $57.6M | 193,386 |
| PensionDanmark Pensionsforsikringsaktieselskab | $48.0M | 161,134 |
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Is MRVL a good stock to buy?
13F Pro's AI-powered analysis of Marvell Technology, Inc. (MRVL) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MRVL are available on the MRVL stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own MRVL?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MRVL. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Marvell Technology, Inc.'s investment landscape.