Added to YB: 2026-03-10
Pitch date: 2026-03-08
MRVL [neutral]
Marvell Technology, Inc.
-0.29%
current return
Author Info
BEP Research provides AI infrastructure research for serious investors — semiconductors, optical interconnects, software, and systems-level thinking on the plays that matter before Wall Street catches on. Sign up for the newsletter.
Company Info
Marvell Technology, Inc., together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge.
Market Cap
$78.0B
Pitch Price
$87.92
Price Target
N/A
Dividend
0.27%
EV/EBITDA
29.79
P/E
29.18
EV/Sales
9.75
Sector
Semiconductors and Semiconductor Equipment
Category
growth
The Quiet Architect - Marvell Technology, Inc.
MRVL (deep dive - pass on value): Scaled from $5.5B to $8.2B rev (+42%) via M&A; 74% rev from AI datacenters. Guides $11B FY27, $15B FY28, non-GAAP EPS >$5. Custom ASICs $1.5B (doubling FY28), 70% optical DSP share, 1.6T Ara leadership, Celestial AI CPO $1B by FY29. Full connectivity stack: SerDes, AECs, CXL, DCI. Risk: custom ASIC lacks platform lock-in vs AVGO vertical integration; acquisitions = execution risk. Author pass on valuation but validates interconnect thesis after Jensen's $4B photonics bet & CRDO record Q3.
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