Is Marvell Technology, Inc. (MRVL) A Good Stock To Buy Now?

Is MRVL a good stock to buy? We came across a bullish thesis on Marvell Technology, Inc. on Atlas.ML’s Substack. In this article, we will summarize the bulls’ thesis on MRVL. Marvell Technology, Inc.’s share was trading at $198.70 as of May 27^th. MRVL’s trailing and forward P/E were 64.72 and 51.81 respectively according to Yahoo Finance.

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Marvell Technology, Inc., together with its subsidiaries, provides data infrastructure semiconductor solutions and spanning the data center core to network edge in the United States and internationally. MRVL delivered a strong start to fiscal 2027, reinforcing its position as one of the primary beneficiaries of the accelerating buildout of AI infrastructure. The company reported record first-quarter revenue of $2.42 billion, up 28% year-over-year, and adjusted EPS of $0.80, both ahead of expectations.

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Growth was overwhelmingly driven by Marvell’s Data Center segment, which generated a record $1.83 billion in revenue, accounting for 76% of total sales and growing 27% year-over-year as demand for custom AI silicon, high-speed optical connectivity, and networking solutions continued to strengthen. While GAAP profitability was temporarily pressured by acquisition-related accounting charges tied to the purchases of Celestial AI and XConn Technologies, underlying operating performance remained robust, with non-GAAP operating margins reaching 35%.

Marvell also continued to strengthen its competitive position through strategic acquisitions and an expanded partnership with Nvidia spanning optics, NVLink Fusion, and AI-RAN technologies. Management highlighted that inventory corrections across communications and enterprise markets have largely normalized, allowing those businesses to return to underlying demand trends. Looking ahead, the company guided for second-quarter revenue of approximately $2.7 billion, representing 35% year-over-year growth, and expects revenue growth to accelerate in every quarter of fiscal 2027.

Management raised its full-year fiscal 2027 revenue outlook to roughly $11.5 billion, supported by exceptional demand for AI solutions and interconnect products. The most compelling aspect of the thesis is the long-term opportunity, as Marvell increased its fiscal 2028 revenue target by $1.5 billion to approximately $16.5 billion, implying about 45% growth and highlighting substantial upside potential as AI cluster deployments, custom silicon programs, and next-generation 1.6T optical technologies continue scaling globally.