Marvell Stock Sinks 35%, But Most Analysts Are Bullish on MRVL Ahead of Q2

Marvell Technology’s (MRVL) stock is down 35.6% from its 52-week high after a sharp run, but most analysts remain upbeat ahead of its second-quarter earnings release scheduled for Aug. 27. The optimism is tied to demand from customers for Marvell’s data-center products and bookings strong enough to suggest a multiyear growth cycle. Analysts also point to the wider capital-spending backdrop as hyperscalers continue investing heavily in AI infrastructure, which supports semiconductor vendors supplying networking and computing for AI workloads. Expectations for Q2 include revenue of $2.7 billion, 12% sequential growth and 35% higher than a year ago. Data center revenue is projected to rise in the mid-to-high teens sequentially and about 45% year over year. Marvell also raised outlook after Q1, with potential to reach about $3 billion quarterly revenue as early as Q3.