Marvell Signals 12.4% Earnings Swing as Wall Street Eyes $2.71 Billion Revenue
Updated
Updated · Yahoo Finance · Aug 21
Marvell Signals 12.4% Earnings Swing as Wall Street Eyes $2.71 Billion Revenue
3 articles · Updated · Yahoo Finance · Aug 21
Summary
$251.01 Marvell shares imply a roughly $31 post-earnings move ahead of the chipmaker’s Aug. 27 report, with options pointing to a range near $220 to $282.
Wall Street expects fiscal second-quarter EPS of $0.93 on $2.71 billion in revenue, up 39% and about 35% respectively, making forward guidance on data-center and custom-AI sales the key test.
A 196% year-to-date rally has raised the bar after demand for custom AI chips, optical networking and cloud infrastructure lifted the stock.
Google’s expanded partnership sharpened that focus, with Oppenheimer saying custom AI ASIC sales could top $4 billion next year and exceed $10 billion in 2028, while UBS lifted its price target to $310.