Marvell MRVL Stock Prediction: $340 Bull vs $150 Bear

Marvell Technology (MRVL) is expected to report strong fiscal Q2 2027 earnings on August 27, 2026, with raised guidance and a history of beating estimates. The company anticipates $2.7B in revenue and $0.93 in non-GAAP EPS for Q2, with Q3 revenue projected at $3B. Management highlights exceptional AI-related bookings and significant revenue growth for fiscal 2027 and 2028. MRVL shares have seen substantial gains, up 195.8% year-to-date and 253.2% over one year, with a consensus target price of $

Broadcom (AVGO) reported $22.19B Q2 revenue, with $10.8B from AI, and guided $16B AI revenue for Q3. Marvell (MRVL) posted $2.42B Q1 revenue, raised fiscal 2027 outlook to $11.5B. AVGO trades at 20x forward P/E, MRVL at 58x. Both focus on AI but differ in scale and business models.

Marvell Technology (MRVL) shares have risen 179% in 2026. Wells Fargo raised its price target to $310, citing long-term growth prospects and a deal with Google. Analysts expect Q2 revenue of $2.709B and EPS of $0.92, up 35% and 38% YoY, respectively. The company reports Q2 earnings on Thursday.

Alibaba's U.S. shares fell 2% after announcing a $10.2B share issuance for AI projects. Chipmakers like Marvell, AMD, and Intel declined. Memory stocks Sandisk, Western Digital, Seagate, and Micron also dropped. Nucor and Steel Dynamics rose over 3% after U.S.-Canada trade talks collapsed. Robinhood and Coinbase fell 1% and 2% respectively as Bitcoin prices stalled. Jersey Mike's Subs gained 0.5% on buy ratings from analysts.

Marvell's expanded chip agreement with Google caused Broadcom's shares to drop 5%, as investors worried about Google's deepening relationship with a rival. Broadcom has faced similar situations before, such as Apple's partial shift away from its chips, which ultimately did not significantly harm Broadcom's growth. Broadcom's AI semiconductor revenue surged 143% year-over-year, highlighting the importance of Google's orders to its growth.

Google and Marvell announced an AI chip partnership on August 19, 2026, with a warrant allowing Google to buy up to 58.97 million Marvell shares at $206.58 each, potentially worth $12.18 billion. The shares unlock as Marvell earns revenue from Google through 2033. Marvell's stock surged 13% on the news, while Broadcom's slipped 3-5%. The deal is part of a trend where tech companies use equity to secure long-term chip supply commitments.