Marvell Technology

Jim Cramer said he’s not ready to buy Marvell Technology despite a strong quarter, citing management’s warning that the major payoff from its Google partnership could be pushed to 2029 and that the October analyst meeting must clarify the timeline. Marvell has positioned itself in AI custom silicon and data center networking, driving record revenue and attracting institutional owners, while short interest remains low. Trading at about 50.25x forward multiple, the stock leaves little room for execution delays, prompting investors to await clearer guidance. » Plus sur finance.yahoo.com

CEO Matt Murphy raised FY2027 revenue guidance to about $11.5 billion after exceptional AI-related bookings; Q1 revenue was $2.418 billion with data center sales of $1.83 billion. Analyst 24/7 Wall St. assigns a buy rating with a $284.96 price target, citing scaling custom silicon, interconnect and switch growth and acquisitions that expand TAM. Bull case targets ~$354 within 12 months based on a $10 billion custom-silicon goal by FY2029, while a bear case of ~$216 reflects hyperscaler vertical-integration risk and concentrated data-center exposure. » Plus sur finance.yahoo.com

Marvell Technology reported a record quarter with revenue up 37% to $2.74 billion and adjusted earnings of $0.94 per share, but the stock fell more than 10% after the results due to overly high AI growth expectations. The data center business grew 46% and adjusted gross margin was 58.9%; GAAP profit margin was lower due to high stock‑based compensation. For the third quarter, management forecasts $3.15 billion in revenue and adjusted earnings of $1.10 per share and has raised annual targets for 2027/2028. Risks remain customer concentration, tight manufacturing capacity, increased long‑term debt of $4.96 billion and a demanding valuation. » Plus sur finanzen.net