Marvell Technology (MRVL) Q3 Earnings Preview: AI Growth in Focus Amid Stock Struggles
Marvell Technology, a mid-tier U.S. chipmaker specializing in data center and networking solutions, is set to report its Q3 Fiscal 2026 earnings on December 2, 2025. Despite its $70 billion market cap, the company trails industry giants like Nvidia and Broadcom but remains a notable player in AI hardware. Year-to-date, MRVL shares have declined 34%, pressured by U.S.-China trade tensions and intensifying competition in the AI chip sector.
Analysts project Q3 earnings per share of $0.74, a 72% year-over-year increase, with revenue expected to climb 36% to $2.07 billion. The focus will be on Marvell's ability to demonstrate progress in its AI custom-chip program after missing estimates in two of the past nine quarters. Long-term Optimism hinges on sustained AI-driven demand, though near-term headwinds persist.
