Is Marvell Stock (MRVL) a Buy Before Earnings? Here’s What You Need to Know

Marvell earnings loom—time to bet on chip momentum or brace for volatility?

The Setup

Semiconductor stocks ride waves of hype and hardware demand. Marvell's positioned at the crossroads of data centers, AI, and 5G—sectors that either print money or burn cash.

The Catalyst

Earnings reports move markets. Beat expectations, and MRVL could gap up. Miss, and it’s a slide down the charts. No guts, no glory—or no gains.

The Reality Check

Wall Street loves a narrative until the numbers disagree. Remember: past performance doesn’t guarantee future returns—unless you’re a fund charging fees for exactly that promise.

Bottom line: Trade the rumor, but know the risk. Chip stocks aren’t for the faint of portfolio.

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On TipRanks, MRVL stock has a Strong Buy consensus rating based on 25 Buys and six Hold ratings. The average Marvell Technology price target of $91.07 implies 24.8% upside potential from current levels. Meanwhile, MRVL stock has gained 6.1% over the past year.

Here’s What Analysts Are Saying About Marvell

The Street expects Marvell to report adjusted earnings of $0.67 per share on net revenue of $2.01 billion. These consensus estimates indicate a 123% year-over-year jump in earnings and a 58% surge in net revenue compared to Q2FY25.

Ahead of the results, Oppenheimer’s top analyst, Rick Schafer, reiterated a Buy rating on Marvell with a price target of $95, implying 30.1% upside potential. Schafer cited Marvell’s strong position in the technology sector for his bullish stance and expects the company to surpass consensus expectations. Previously, Schafer has also highlighted Marvell as one of his top data center picks.

He expects Marvell to benefit as hyperscalers rapidly expand AI and data centers, driving demand for high-speed networking, custom chips, and GPUs (Graphic Processing Units). Schafer is a five-star analyst on TipRanks, ranking #8 out of 10,006 analysts tracked. He boasts a 74% success rate and an average return per rating of 26.80%.

In addition to Schafer, Susquehanna analyst Christopher Rolland also maintained his Buy rating on MRVL stock with a price target of $90. Rolland expects Marvell’s Q2 results to come in line with expectations. He noted that AI-driven demand in Marvell’s data center business is supported by strong hyperscaler spending but cautioned that the ramp-up in custom silicon could pressure near-term margins.

Is MRVL a Buy, Hold, or Sell?

Overall, analysts remain optimistic about Marvell Technology due to its strong growth fueled by custom AI silicon programs, key partnerships with major cloud providers like Amazon’s (AMZN) AWS, Google (GOOGL), and Microsoft (MSFT), and robust demand for its AI and data center chips.