Marvell Technology (MRVL) Stock Analysis

September 27, 2026

This is a peer-relative look at Marvell Technology (MRVL): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Semiconductors & Semiconductor Equipment peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Marvell Technology (MRVL)
Profile Item	MRVL
Name	Marvell Technology Inc.
Country/Region	United States
GICS Sector	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors
Market Capitalization	235.40 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	June 30, 2000
Security Type	Common Stock

Price Performance

Cumulative Growth

MRVL

GSPC

Marvell Technology (MRVL) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Marvell Technology (MRVL) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Marvell Technology (MRVL) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Marvell Technology (MRVL) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MRVL	Industry group median
Total Return (1Y)	213.21%	70.11%
Total Return (3Y, Annualized)	71.26%	31.42%
Total Return (5Y, Annualized)	33.21%	15.97%

Risk Profile

Drawdown History

MRVL

GSPC

Marvell Technology (MRVL) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Marvell Technology (MRVL) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Marvell Technology (MRVL) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MRVL	Industry group median
Volatility (1Y, Annualized)	79.22%	72.68%
Beta (5Y)	2.29	1.78
Max Drawdown (5Y)	-61.88%	-64.51%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. MRVL is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Marvell Technology (MRVL) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MRVL	Industry group median
Sharpe Ratio (1Y)	2.63	1.03
Sortino Ratio (1Y)	4.45	1.72

Profitability

ROE (TTM)

Marvell Technology (MRVL) posts ROE of 16.52%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

MRVL

Semiconductors & Semiconductor Equipment industry group

16.52%

Group distribution

Max: 53.94%
Q3: 20.35%
MRVL: 16.52%
Median: 9.12%
Q1: -3.10%
Min: -21.32%

Largest peers

NVDA: 117.21%
SKHY: 92.68%
MU: 66.64%
AVGO: 44.25%
TSM: 39.97%
MRVL: 16.52%
AMD: 10.20%

Where Marvell Technology (MRVL) stands on ROE within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Marvell Technology (MRVL) keeps 27.94% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

MRVL

Semiconductors & Semiconductor Equipment industry group

27.94%

Group distribution

Max: 55.91%
MRVL: 27.94%
Q3: 23.05%
Median: 9.86%
Q1: 0.00%
Min: -34.50%

Largest peers

SKHY: 85.62%
NVDA: 63.66%
MU: 55.91%
TSM: 49.92%
AVGO: 42.94%
MRVL: 27.94%
AMD: 15.58%

Where Marvell Technology (MRVL) stands on net margin within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Marvell Technology (MRVL) turns 16.68% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

MRVL

Semiconductors & Semiconductor Equipment industry group

16.68%

Group distribution

Max: 54.31%
Q3: 23.49%
MRVL: 16.68%
Median: 14.56%
Q1: -0.14%
Min: -31.62%

Largest peers

MU: 80.37%
SKHY: 76.33%
NVDA: 66.24%
TSM: 60.34%
AVGO: 54.31%
AMD: 17.25%
MRVL: 16.68%

Where Marvell Technology (MRVL) stands on operating margin within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Marvell Technology (MRVL) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MRVL	Industry group median
ROE (TTM)	16.52%	9.12%
ROA (TTM)	4.13%	4.12%
Net Margin (TTM)	27.94%	9.86%
Operating Margin (TTM)	16.68%	14.56%
Gross Margin (TTM)	52.22%	49.13%

Growth

Revenue Growth

Marvell Technology (MRVL) grew revenue 42.09%, in the upper peer quartile. The top line is expanding faster than at most industry peers, which points to share gains or stronger pricing.

Marvell Technology (MRVL): Revenue Growth across different time periods, set against Semiconductors & Semiconductor Equipment industry-group medians.

EPS Growth

No usable EPS growth is available for Marvell Technology (MRVL) this period, so the earnings-momentum read is skipped.

Marvell Technology (MRVL) doesn't report EPS Growth this period; the bars show the Semiconductors & Semiconductor Equipment industry-group medians on their own.

Growth Metrics

Marvell Technology (MRVL) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MRVL	Industry group median
Revenue Growth (YoY)	42.09%	9.67%
Revenue Growth (3Y CAGR)	11.45%	-0.30%
EPS Growth (YoY)	--	4.81%
EPS Growth (3Y CAGR)	--	-9.00%

Financial Strength

Current Ratio (MRQ)

Marvell Technology (MRVL) has current ratio of 3.17, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

MRVL

Semiconductors & Semiconductor Equipment industry group

3.17

Group distribution

Max: 9.75
Q3: 5.29
Median: 3.43
MRVL: 3.17
Q1: 2.30
Min: 1.03

Largest peers

NVDA: 4.59
MU: 3.43
MRVL: 3.17
AMD: 2.61
SKHY: 2.59
AVGO: 2.50
TSM: 2.46

Where Marvell Technology (MRVL) stands on current ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Marvell Technology (MRVL) has debt-to-equity ratio of 0.29, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

MRVL

Semiconductors & Semiconductor Equipment industry group

0.29

Group distribution

Max: 1.44
Q3: 0.65
MRVL: 0.29
Median: 0.18
Q1: 0.04
Min: 0.00

Largest peers

AVGO: 0.60
MRVL: 0.29
NVDA: 0.17
TSM: 0.17
SKHY: 0.08
AMD: 0.06
MU: 0.06

Where Marvell Technology (MRVL) stands on debt-to-equity ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Marvell Technology (MRVL) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MRVL	Industry group median
Current Ratio (MRQ)	3.17	3.43
Debt / Equity (MRQ)	0.29	0.18
Net Debt / EBITDA	0.47	-0.44

Dividends

Dividend Yield (TTM)

Marvell Technology (MRVL) has dividend yield of 0.09%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

MRVL

Semiconductors & Semiconductor Equipment industry group

0.09%

Group distribution

Max: 0.74%
Q3: 0.35%
MRVL: 0.09%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

SKHY: 2,012.13%
TSM: 5.76%
AVGO: 0.74%
NVDA: 0.12%
MRVL: 0.09%
MU: 0.05%
AMD: 0.00%

Where Marvell Technology (MRVL) stands on dividend yield within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Marvell Technology (MRVL) has payout ratio of 7.95%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

MRVL

Semiconductors & Semiconductor Equipment industry group

7.95%

Group distribution

Max: 45.89%
Q3: 18.55%
MRVL: 7.95%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

AVGO: 32.40%
TSM: 25.74%
MRVL: 7.95%
NVDA: 3.54%
MU: 1.12%
SKHY: 0.00%
AMD: 0.00%

Where Marvell Technology (MRVL) stands on payout ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Marvell Technology (MRVL) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MRVL	Industry group median
Dividend Yield (TTM)	0.09%	0.00%
Dividend Payout Ratio (TTM)	7.95%	0.00%

Valuation

P/E Ratio (TTM)

Marvell Technology (MRVL) trades at P/E ratio of 86.45, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

MRVL

Semiconductors & Semiconductor Equipment industry group

86.45

Group distribution

Max: 161.70
Q3: 91.46
MRVL: 86.45
Median: 48.02
Q1: 33.40
Min: 10.82

Largest peers

AMD: 161.70
MRVL: 86.45
AVGO: 45.58
TSM: 33.40
NVDA: 28.45
MU: 24.49
SKHY: 11.37

Where Marvell Technology (MRVL) stands on P/E ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Marvell Technology (MRVL) trades at 24.91 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

MRVL

Semiconductors & Semiconductor Equipment industry group

24.91

Group distribution

Max: 27.93
MRVL: 24.91
Q3: 17.42
Median: 8.01
Q1: 3.32
Min: 0.01

Largest peers

AMD: 24.92
MRVL: 24.91
AVGO: 18.90
NVDA: 17.94
MU: 13.54
TSM: 0.53
SKHY: 0.01

Where Marvell Technology (MRVL) stands on P/S ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Marvell Technology (MRVL) trades at 12.59 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

MRVL

Semiconductors & Semiconductor Equipment industry group

12.59

Group distribution

Max: 29.61
Q3: 14.11
MRVL: 12.59
Median: 5.82
Q1: 3.16
Min: 0.18

Largest peers

SKHY: 411.99
TSM: 92.17
NVDA: 23.73
AVGO: 16.90
AMD: 15.31
MRVL: 12.59
MU: 12.13

Where Marvell Technology (MRVL) stands on P/B ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Marvell Technology (MRVL) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MRVL	Industry group median
P/E Ratio (TTM)	86.45	48.02
P/S Ratio (TTM)	24.91	8.01
P/B Ratio (MRQ)	12.59	5.82
Free Cash Flow Yield (TTM)	1.02%	0.85%