Is Marvell (MRVL) Stock a Buy Before Q2 Earnings on August 27?

TLDR

• MRVL stock closed at $222.02, up more than 161% year-to-date driven by AI chip and networking demand
• Options markets are pricing in a 14% move in either direction around Q2 FY27 earnings on August 27
• Wall Street expects Q2 EPS of $0.93 (up 39% year-over-year) and revenue of $2.71 billion (up 35%)
• Goldman Sachs raised its price target to $195 but kept a Hold rating, citing elevated valuation at 54.85x forward P/E
• Wall Street consensus is Strong Buy with an average price target of $271.33, implying 22% upside

Marvell Technology (MRVL) reports its fiscal second-quarter earnings on August 27, and the options market is not playing it quiet. Traders are pricing in a move of roughly 14% in either direction, or about $30 per stock, following the results.

Marvell Technology, Inc., MRVL

MRVL closed at $222.02 on Friday. The stock has climbed more than 161% year-to-date, fueled by strong demand for its custom AI chips and optical networking products.

The 14% implied move sits above Marvell’s four-quarter average post-earnings reaction of around 12%. Past moves have ranged from 3% to nearly 19%, so the range of outcomes is wide.

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