Marvell: Another Guidance Raise Could Signal A Stronger Growth Trajectory

The Techie 5.36K Followers Follow Summary Marvell reports fiscal Q2 2027 after Thursday’s close, and I’m looking for another raise to the full-year outlook after management lifted it on each of the last two calls. The stock sits roughly 28% below its June high on an AI-sentiment de-rating, with the forward non-GAAP P/E compressing from 68.3x in June to 58.4x today. The Google agreement and its $12.19 billion warrant extend the customer diversification I flagged in June, adding an attached layer that scales with every TPU Google deploys. Interconnect and custom silicon give Marvell two separate doors into AI infrastructure spending, and both sit inside markets expanding faster than management’s own guide. I hereby share my sentiment on MRVL ahead of 2Q27 and why I think the pullback is an opportunity. Lila Marvell/iStock via Getty Images I maintained my buy on Marvell Technology, Inc. ( MRVL ) in late June , after the stock had run 224% from my September 2024 initiation. I was clear-eyed about what I was paying for This article was written by The Techie 5.36K Followers Follow I’m a retired Wall Street PM specializing in TMT; since kickstarting my career, I’ve spent over two decades in the market navigating the technology landscape, focusing on risk mitigation through the dot com bubble, credit default of ‘08, and, more recently, with the AI boom. In one word, what I’d like my service to revolve around is momentum. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.