From Nasdaq: 2025-06-11 09:35:00

Marvell Technology (MRVL) reports $1.9 billion in Q1 revenues, up 63% YoY, with a forecast of $2.0 billion for Q2. Custom AI silicon chips are driving growth in the data center market, with a 76% YoY revenue increase. Competitors like Broadcom (AVGO) and AMD are also seeing growth in AI-related revenues.

Marvell Technology’s stock has dropped 37.5% YTD, but trades at a lower P/S ratio than the industry average. Analysts expect 77.07% and 28.06% YoY earnings growth for fiscal 2026 and 2027. Marvell Technology currently holds a Zacks Rank #3 (Hold) with positive earnings estimates for the future.

A little-known satellite-based communications firm is highlighted as a top stock pick with potential for significant growth. The company’s customer base is expanding rapidly in a trillion-dollar industry, with analysts projecting a major revenue breakout in 2025. This stock pick is expected to outperform previous Zacks’ Stocks Set to Double.



Read more at Nasdaq: Will AI-Driven Custom Silicon Drive MRVL’s Q2 Revenues Beyond $2B?