Marvell Technology Set to Report Q2 Earnings: What to Expect

Marvell Technology (MRVL) is expected to report Q2 FY26 earnings on Thursday, August 28. Analysts forecast EPS of $0.67, a 123% YoY growth, and revenue of $2.01 billion, a 58% jump. Despite optimism about AI-led demand, MRVL stock is down 34% year-to-date due to tariff-related uncertainties and US-China trade tensions. Analysts are bullish on the stock, with a price target of $90 and $95. However, concerns about short-term bearish momentum and valuation impact the overall score.

Marvell Technology (MRVL) is poised to release its Q2 FY26 earnings on Thursday, August 28. Analysts are forecasting an EPS of $0.67, representing a 123% year-over-year (YoY) growth, and revenue of $2.01 billion, a 58% increase from the same period last year. These projections are driven by robust AI-driven demand and strategic partnerships with major cloud providers [1, 2].

Despite the positive outlook, MRVL stock has declined by 34% year-to-date, largely due to tariff-related uncertainties and ongoing US-China trade tensions. These geopolitical risks have dampened investor sentiment and contributed to the stock's underperformance. However, analysts remain bullish on the stock, with price targets ranging from $90 to $95, indicating a potential 24.8% upside from current levels [1, 2].

Marvell's recent collaboration with Microsoft, where its LiquidSecurity hardware security modules (HSMs) were selected to power Azure Cloud HSM, underscores the company's strategic positioning in the fast-growing market for cloud-based hardware security [1]. Additionally, the company's focus on AI infrastructure and 2nm custom silicon technologies has differentiated it from competitors and positioned it as a key player in the AI-driven infrastructure sector [2].

Investors should closely monitor Marvell's performance and strategic initiatives to identify potential long-term growth opportunities. The AI infrastructure boom is reshaping the semiconductor landscape, and Marvell Technology has emerged as a critical player in this transformation. However, the company's heavy reliance on data center revenue and potential inventory imbalances could quickly undermine its bullish outlook if market conditions shift [1, 3].

References:
[1] https://www.ainvest.com/news/marvell-technology-strong-growth-prospects-q2-earnings-2508/
[2] https://www.ainvest.com/news/marvell-technology-surges-2-51-1-06-billion-trading-volume-76th-session-activity-analysts-forecast-123-eps-growth-2508/
[3] https://www.ainvest.com/news/marvell-technology-mrvl-2026q2-earnings-preview-upside-ai-revenue-momentum-2508/