Marvell Technology Inc. (MRVL) earnings date & stock reaction
MRVL · Marvell Technology Inc. · IT
Marvell Technology Inc. earnings date & time
Schedule
- Korea time (KST)
- Wed, December 2
- Reporting pattern
- 12 of last 12 after close
- Typical move
- ±11.9% · 12-report avg
What the market expects
Consensus EPS
$1.10Coming in above this counts as a beat
- Year-ago quarter
- $0.76→+44.7%
- Guided revenue
- $2.7B→$3.1B+15.0%
- Guided EPS
- $0.94→$1.10+17.0%
“We now expect overall Marvell revenue in fiscal 2027 to grow approximately 45% year-over-year to roughly $12 billion, up from our prior outlook of approximately $11.5 billion just one quarter ago.”
“We now expect fiscal 2028 revenue of approximately $18 billion, up $1.5 billion from the $16.5 billion outlook we provided just one quarter ago.”
- ▲Accelerating Data Center Growth
- Data center revenue hit $2.17 billion this quarter, up 46% vs last year.
- The full-year growth outlook for the data center segment was raised from 50% to 60%.
- ▲Significant Revenue Guidance Hike
- FY2027 revenue outlook was raised to $12 billion from the previous $11.5 billion.
- FY2028 revenue outlook was increased to $18 billion from the prior $16.5 billion.
- ▲Operating Leverage and Margin Expansion
- Non-GAAP operating margin reached 36.6%, expanding 180 bps vs last year.
- Non-GAAP operating margin is expected to reach the 38-40% target range by Q4.
- ▼Decline in Communications and Other Segments
- Communications and other revenue was $568 million, down 3% vs the previous quarter.
- Q3 revenue for this segment is expected to decline by low-to-mid teens vs last year.
- ▼Temporary Dip in Operating Cash Flow
- Operating cash flow was $606 million, down vs the previous quarter.
- Increased capacity prepayments to suppliers to support future growth pressured cash flow.
- ▼Sequential Decline in Non-GAAP Gross Margin
- Q3 non-GAAP gross margin guidance of 57.5-58.5% is lower than the 58.9% reported this quarter.
- The ramp-up of the custom business is creating a sequential headwind for gross margins.
Marvell Technology Inc. (MRVL) rose the day after earnings in 5 of its last 12 reports (42%), moving ±11.9% on average. It has fallen despite beating the consensus estimate 4 times.
Even when EPS beat expectations, the stock fell 5 of the last 10 times. The number alone doesn't move it.
When results drop, skip the EPS number. Check if the growth above holds or accelerates, and whether guidance beats expectations.
The real bar for this stock
Beating estimates isn't enough. Here's where the real surprise started.
The company's own next-quarter revenue guidance (from its 8-K release) vs what it actually reported: delivered 6 of 6 times, averaging +1.6% above the guide.
- May 2025 qtrguided $1.88Bactual $1.90Bhit
- Feb 2025 qtrguided $1.80Bactual $1.82Bhit
- Nov 2024 qtrguided $1.45Bactual $1.52Bhit
- Aug 2024 qtrguided $1.25Bactual $1.27Bhit
- May 2024 qtrguided $1.15Bactual $1.16Bhit
- Feb 2024 qtrguided $1.42Bactual $1.43Bhit
How this stock reacts to earnings
Traits seen across its recent earnings reactions
Earnings number vs guidance: which drives it?
How often the beat/miss matched the actual price move
4/9 beats fell next day · watches Data-center · custom silicon
- Aug 2026 report-10.3%
- May 2026 report+3.1%
- Jan 2026 report+18.4%
- Nov 2025 report+7.9%
- Aug 2025 report-18.6%
- May 2025 report-5.5%
Earnings timeline · bars = next-day move, ▲▼ = beat/miss
Earnings trend · last 12 quarters
Earnings history and price reaction
| Quarter ended | Reported (ET) | vs market expectation (consensus) | Earnings day | After 5 days |
|---|---|---|---|---|
| 8/2026 | 2026-08-27 | +1.0% | -10.3% | -13.5% |
| 5/2026 | 2026-05-27 | +0.6% | +3.1% | +51.8% |
| 1/2026 | 2026-03-05 | +1.1% | +18.4% | +15.8% |
| 11/2025 | 2025-12-02 | +3.0% | +7.9% | -4.3% |
| 8/2025 | 2025-08-28 | -0.5% | -18.6% | -18.0% |
| 5/2025 | 2025-05-29 | +1.1% | -5.5% | +2.2% |
12 reports, quarters ending 10/2023 to 8/2026. The earnings-day move is the first trading day that reflects the report; the five-day figure is the cumulative move from that point.
Frequently asked questions
When is the next Marvell Technology Inc. earnings date?
The next Marvell Technology Inc. (MRVL) earnings report is expected Tue, December 1 around 4:00 PM ET, after the close. It comes from an earnings calendar and may not be a company-confirmed date; it updates automatically if it changes.
What is the consensus EPS forecast for Marvell Technology Inc.'s next earnings?
Analysts expect EPS of about $1.10 for Marvell Technology Inc. (MRVL). Coming in above that counts as a beat, below it a miss — though a beat does not guarantee the stock rises.
Does Marvell Technology Inc. (MRVL) stock usually go up after earnings?
Over the last 12 earnings reports, the stock rose on 5 of them (42%). The average move on earnings day was ±11.9%.
Does Marvell Technology Inc. react more to the earnings numbers or to guidance?
In 4 of the last 9 reports (44%), the stock moved the opposite way from whether it beat or missed the forecast. A high share means guidance and expectations drive the move more than the reported numbers.
Can Marvell Technology Inc. stock fall even when earnings are good?
Yes. In 4 of the last 12 reports, Marvell Technology Inc. fell on the earnings day despite growing EPS. Expectations already priced in, or guidance, can matter more than the reported numbers.
Does Marvell Technology Inc. stock keep moving after the earnings day?
Over the last 12 reports, the move continued in the same direction for the following five trading days 50% of the time. This tendency is known as post-earnings announcement drift.