Marvell Technology, Inc. (MRVL) is set to report its first-quarter fiscal 2026 results on May 29, 2025. The company anticipates revenues of approximately $1.875 billion, with the Zacks Consensus Estimate at $1.88 billion, reflecting a year-over-year growth of 61.6%. Non-GAAP earnings per share are expected to be around 61 cents, matching the consensus estimate and indicating a 154.2% increase year over year.
In recent performance metrics, Marvell’s data center division is projected to contribute significantly, with estimated revenues of $1.395 billion, showing a 2.1% sequential growth. Other segments, including Enterprise Networking and Carrier, are also expected to see sequential increases of 8.1% and 9%, respectively. However, the consumer end market remains a concern due to seasonality and broader economic uncertainties.
In the past year, MRVL shares have decreased by 20.9%, underperforming the Zacks Electronics – Semiconductors industry’s growth of 14.1%. The company’s current forward price-to-sales multiple stands at 5.99X, compared to the industry average of 7.54X, indicating a potentially undervalued position amidst ongoing geopolitical tensions.
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