Marvell Technology (NASDAQ: MRVL) has delivered a standout performance among semiconductor stocks so far in 2026. The first catalyst arrived earlier this year in the form of a $2 billion investment from Nvidia — bolstering a partnership that aims to deepen the technical collaboration between the two chip companies around interconnects and photonics.
This endorsement was amplified in June after Nvidia CEO Jensen Huang publicly asserted that Marvell could become the next trillion-dollar artificial intelligence (AI) chip company. With Marvell shares up more than 160% year to date and with its second-quarter earnings scheduled for Aug. 27, some investors may be wondering whether Marvell stock is still a buy.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »
What is Wall Street expecting for Marvell’s earnings?
Consensus estimates among analysts point to revenue of approximately $2.7 billion, which would amount to 35% growth year over year. Adjusted earnings per share (EPS) are expected to be $0.93, an increase of roughly 39%. Sustained growth at this scale implies Marvell has secured meaningful traction in custom application-specific integrated circuits (ASICs), high-speed networking, and optical connectivity from AI hyperscale operators.
Why timing your buys is a fool’s errand
Attempting to time your buys right before or after an earnings release is not a sustainable investment strategy in the long run. The stock market prices a wide range of possible outcomes into shares ahead of such high-profile events, and the moves that follow an earnings report frequently are driven more by management’s guidance and commentary than by the headline numbers themselves. Using a strategy of dollar-cost averaging avoids this noise because it spreads your purchases across multiple periods, reducing the impact of short-term volatility on your average purchase price.
How to build a position in Marvell stock
Given that Marvell’s long-term value is tied to secular demand for AI infrastructure, periodic accumulation of its shares is the more rational approach. I think the prudent path in this case would be to wait until the market has fully digested Marvell’s second-quarter results and management’s outlook.
Moreover, smart investors may want to compare Marvell’s growth rates to those of peer suppliers of network equipment and custom silicon, such as Broadcom. Examining the company in the context of its rivals should provide some insight into how Marvell’s position in the AI chip value chain stacks up to those of its larger peers. Once the post-earnings dust settles, investors who remain optimistic about Marvell’s role in custom silicon, optical networking, and data center connectivity can gradually build a position in the stock.
