MRVL
Marvell Technology, Inc. Information Technology Semiconductors & Related Devices S&P 500Nasdaq-100Russell 3000
$196.40Close
$166.4BMarket cap
$73.67 – $316.3552-week range
Dec 1, 2026Next report
Highlights
Strengths
- Leading the market RS 94 · stronger than 94% of stocks over 12 months
- Earnings growing EPS +49% year on year, faster than the quarter before (+130 pts)
Cautions
- Not in an uptrend 5 of 8 trend conditions
- Far from its high 38% below its 52-week high
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
38%
1wk
down 14.1%
price change
1mo
down 25.6%
price change
12-month return
up 122%
market up 11% ·
its own up 107%
F-score
7 / 9
Strong
Altman Z
13.34
Low risk
P/E
62.3×
price / earnings
PEG
—
P/E / EPS growth
P/B
11.6×
price / book
Earnings yield
up 0.8%
EBIT / enterprise value
Cheaper than
23%
of the market · expensive
Revenue growth
up 42%
year on year
EPS growth
up 49%
latest quarter · +130 pts
Sales growth
up 37%
latest quarter · +9 pts
ROE
up 19%
return on equity
Free cash margin
up 17%
$1.4B FCF
D/E
0.28
long-term debt / equity
Net debt / EBITDA
1.0×
Interest cover
7.1×EBIT / interest
Piotroski tests
- profits not fully backed by cash
- took on more long-term debt
- profitable on its assets
- generating cash from operations
- profitability improving
- short-term liquidity improved
- no new shares issued
- gross margin widened
- assets working harder
Repair signals
- Gross margin 41.3% → 51.0%
Trade setup
ATR%
9.0%
$17.67 a day · 2×ATR $161.06
RS
94 / 99
vs the universe
Trend
5 / 8
under the 150/200-day, under the 50-day, over 25% off the high
Relative volume
2.0×
vs 50-day average
Up/down volume
0.96
50 sessions
Implied move
18.0%
by Dec 4, 2026 · report Dec 1, 2026
Trend template · 5 of 8
- Price above the 150 and 200-day averages: fails
- 150-day average above the 200-day: passes
- 200-day average rising for a month: passes
- 50-day average above the 150 and 200-day: passes
- Price above the 50-day average: fails
- At least 30% above the 52-week low: passes
- Within 25% of the 52-week high: fails
- RS rank 70 or higher: passes
Screen verdict
Did not qualify for any screen.
Warning signs
- Profit not backed by cash Reported profit of $2.7B came with $1.8B of operating cash flow. Profit that cash does not follow is the classic signature of aggressive accounting.
Last reported
Aug 27, 2026
Last shock
Oct 29, 2026-13% in one session2.0× volumeno filing matched-10% since
Options
$361.5M70.4% IV · activity
Financials
- Gross 51%
- Net 33%
- Free cash 17%
- Cash
- Long-term debt
| FY2021Jan 30, 2021 | FY2022Jan 29, 2022 | FY2023Jan 28, 2023 | FY2024Feb 3, 2024 | FY2025Feb 1, 2025 | FY2026Jan 31, 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $3.0B | $4.5B | $5.9B | $5.5B | $5.8B | $8.2B |
| Gross margin | 50% | 46% | 50% | 42% | 41% | 51% |
| Operating income | -$258.4M | -$347.7M | $238.0M | -$567.7M | -$720.3M | $1.3B |
| Net income | -$277.3M | -$421.0M | -$163.5M | -$933.4M | -$885.0M | $2.7B |
| Net margin | -9% | -9% | -3% | -17% | -15% | 33% |
| Earnings per share | -$0.41 | -$0.53 | -$0.19 | -$1.08 | -$1.02 | $3.07 |
| Free cash flow | $710.5M | $650.1M | $1.1B | $1.0B | $1.4B | $1.4B |
| Free cash margin | 24% | 15% | 18% | 19% | 24% | 17% |
| Cash | $748.5M | $613.5M | $911.0M | $950.8M | $948.3M | $2.6B |
| Long-term debt | $993.2M | $4.5B | $3.9B | $4.1B | $3.9B | $4.0B |
| Shareholders' equity | $8.4B | $15.7B | $15.6B | $14.8B | $13.4B | $14.3B |
| Shares outstanding | 675.40m | 846.70m | 856.10m | 865.50m | 866m | 847.30m |
Next report
Dec 1, 2026
Expected move The move, either way, the option market prices in through the next scheduled report: the at-the-money straddle for the first expiry that contains it, over the price. It includes the days around the report, so it slightly overstates the report alone. Methodology
±18.0%
$162 – $234 by Dec 4, 2026
Usual move The median, over the company's last four reports, of how far the stock moved either way from the close before the filing to the close of the session after it. Methodology
±10.8%
last 4: -11.6% · -1.6% · +14.7% · +10.0%
Expected against usual The move the options price through this report over the move the last four reports delivered. Above 1 the event is priced bigger than the company's own record; below 1, smaller. A price, not a forecast: it says what protection through the report costs, not which way the stock will go. Methodology
Bigger than usual
1.7× the usual move
What options price now
- Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
- $168 – $228 ±15.0% by Nov 27, 2026
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- Smaller 70.4% priced · 87.7% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- Choppier
- Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
- past week: costs more
Positioning
- Premium traded
- $361.5M calls $122.3M · puts $239.2M · latest session
- 1.96× +1.07 over the week
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls -33.92k · puts +10.34k past week
For options traders: ATM IV 70.4% (+3.7% 1w) · 1m ÷ 3m IV 1.06 · 25Δ skew 4.5 pts · Net GEX -$70.3M
Most traded contracts 18
| Contract | Crosses the report The contract expires after the next scheduled report, so its price carries the report's move - and the extra implied volatility that usually comes out once the report is out. Methodology | Next day: opened, closed or mixed A large option trade on its own is ambiguous: it may have opened a position, closed one, or been one leg of a spread. Open interest is published overnight, so the next morning settles it. Opened: open interest rose by a good share of the volume traded, so positions were added. Closed: it fell, so positions were taken off. Mixed: it barely moved, as when one side opens while the other closes. A dash: the next morning's count is not in yet. None of the three says whether the contracts were bought or sold. Methodology | Volume against open interest The day's contracts traded, divided by the positions already standing. Above 1 the day's trading exceeded every position in existence, which cannot happen without something new — though only tomorrow's open interest proves it opened rather than closed. Methodology | Bid-ask spread The gap between the bid and the ask as a share of the midpoint: what a round trip costs before the position has moved at all. Methodology | Priced vs rest of chain The contract's implied volatility less the at-the-money reading for the same company, in points: how this strike is priced against the rest of the chain. Methodology | Move to break even How far the stock must move by expiry for a buyer at the midpoint to get the premium back: strike plus premium for a call, strike less premium for a put. Methodology | Premium |
|---|---|---|---|---|---|---|---|
| Nov 27, 2026 · $300 put +52% from price | — | 0.99 | 0.7% | -70.4% | -0.7% | $22.8M | |
| Nov 27, 2026 · $215 put +9% from price | — | 0.71 | 2.7% | -3.8% | -4.4% | $2.6M | |
| Dec 18, 2026 · $230 put +16% from price | ✓ | — | 0.20 | 1.8% | -2.2% | -4.6% | $5.0M |
| Dec 18, 2026 · $200 put +1% from price | ✓ | — | 0.19 | 2.6% | -1.2% | -9.7% | $4.7M |
| Dec 18, 2026 · $220 call +11% from price | ✓ | — | 0.77 | 3.1% | -2.3% | +16.9% | $3.3M |
| Dec 18, 2026 · $200 call +1% from price | ✓ | — | 0.73 | 3.2% | -1.4% | +10.5% | $1.6M |
| Dec 18, 2026 · $175 put -12% from price | ✓ | — | 0.52 | 3.5% | +0.6% | -16.6% | $1.5M |
| Dec 18, 2026 · $180 put -9% from price | ✓ | — | 0.10 | 3.0% | +0.0% | -15.0% | $768,625 |
| Dec 18, 2026 · $240 call +21% from price | ✓ | — | 0.25 | 3.8% | -2.7% | +24.6% | $745,975 |
| Dec 18, 2026 · $230 call +16% from price | ✓ | — | 0.30 | 4.0% | -2.6% | +20.6% | $588,065 |
| Dec 18, 2026 · $250 call +26% from price | ✓ | — | 0.18 | 4.0% | -2.6% | +28.9% | $487,325 |
| Dec 18, 2026 · $130 put -34% from price | ✓ | — | 0.32 | 3.3% | +8.8% | -35.1% | $410,152 |
| Dec 18, 2026 · $165 put -17% from price | ✓ | — | 0.27 | 5.0% | +1.9% | -20.2% | $379,350 |
| Jan 15, 2027 · $210 call +6% from price | ✓ | — | 0.80 | 4.9% | -6.4% | +15.4% | $2.1M |
| Jan 15, 2027 · $200 put +1% from price | ✓ | — | 0.07 | 4.0% | -4.5% | -11.4% | $1.3M |
| Jan 15, 2027 · $230 call +16% from price | ✓ | — | 0.38 | 3.7% | -6.3% | +22.4% | $978,000 |
| Jan 15, 2027 · $250 call +26% from price | ✓ | — | 0.18 | 3.8% | -6.2% | +30.4% | $739,200 |
| Jan 15, 2027 · $280 call +41% from price | ✓ | — | 0.19 | 4.8% | -5.7% | +43.6% | $383,460 |
Liquid contracts, 3 weeks to 4 months out, soonest expiry first.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Aug 28, 2026 | Quarterly ↗ | Aug 1, 2026 | 27d |
| May 28, 2026 | Quarterly ↗ | May 2, 2026 | 26d |
| Mar 11, 2026 | Annual ↗ | Jan 31, 2026 | 39d |
| Dec 3, 2025 | Quarterly ↗ | Nov 1, 2025 | 32d |
| Aug 29, 2025 | Quarterly ↗ | Aug 2, 2025 | 27d |
| May 30, 2025 | Quarterly ↗ | May 3, 2025 | 27d |
| Mar 12, 2025 | Annual ↗ | Feb 1, 2025 | 39d |
| Dec 4, 2024 | Quarterly ↗ | Nov 2, 2024 | 32d |
| Aug 30, 2024 | Quarterly ↗ | Aug 3, 2024 | 27d |
| May 31, 2024 | Quarterly ↗ | May 4, 2024 | 27d |
| Mar 13, 2024 | Annual ↗ | Feb 3, 2024 | 39d |
| Dec 1, 2023 | Quarterly ↗ | Oct 28, 2023 | 34d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 23, 2026 | Material agreement ↗ |
| Sep 25, 2026 | Other events ↗ |
| Aug 27, 2026 | Results ↗ |
| Aug 19, 2026 | Material agreement · Unregistered share sale ↗ |
| Jul 9, 2026 | Other events ↗ |
| Jun 25, 2026 | Shareholder vote · Other events ↗ |
| Jun 11, 2026 | Director or officer change · Regulation FD ↗ |
| May 27, 2026 | Results ↗ |
| Apr 15, 2026 | Material agreement · Other events ↗ |
| Mar 31, 2026 | Unregistered share sale · Charter or bylaws · Regulation FD ↗ |
| Mar 19, 2026 | Other events ↗ |
| Mar 19, 2026 | Other events ↗ |