Marvell Technology (NASDAQ:MRVL) Issues Q3 2026 Earnings Guidance
Marvell's Q2 sales rose 58% year-over-year to $2.01 billion, but Q3 revenue guidance fell short of analyst estimates, causing a 16.1% drop in shares, per market data.
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Marvell Technology (NASDAQ:MRVL) Shares Gap Down After Analyst Downgrade
Shares of Marvell Technology, Inc. (NASDAQ:MRVL – Get Free Report) gapped down before the market opened on Friday after JPMorgan Chase & Co. lowered their price target on the stock from $130.00 to $120.00. The stock had previously closed at $77.23, but opened at $64.53. JPMorgan Chase & Co. currently has an overweight rating on the stock. Marvell Technology shares last traded at $65.21, with a volume of 21,006,000 shares. Several other research …
Marvell Technology (NASDAQ:MRVL) Issues Q3 2026 Earnings Guidance
Marvell Technology (NASDAQ:MRVL) updated its third quarter 2026 earnings guidance. The company provided EPS guidance of 0.690-0.790 for the period, compared to the consensus estimate of 0.660. The company also issued revenue guidance of $2.0 billionillion-$2.2 billionillion, compared to the consensus estimate of $2.1 billionillion.
Why Marvell Technology Stock Plunged on Friday @themotleyfool #stocks $MRVL
Key PointsMarvell's Q2 2026 results lined up very closely to official guidance and analyst projections.Next-quarter guidance suggested a slightly slower period, because some hyperscale data center builders are between large infrastructure upgrades.The company will simplify its financial reporting from five divisions to two in the next report, reflecting the massive weight of data center customers.10 stocks we like better than Marvell Technology …
Marvell Technology's Earnings and Future Prospects - PressReach
Marvell Technology, Inc. (NASDAQ:MRVL) recently announced its financial results for the third quarter of 2025, showcasing a strong performance that exceeded analysts’ expectations. The semiconductor company reported a revenue increase of 15% year-over-year, driven by robust demand for its data center and 5G infrastructure products. According to the company’s CEO, the growth in the data center segment was primarily fueled by increased investments…
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