# Marvell Could Give Investors A Reason To Celebrate On August 27th > Source: > Published: 2026-08-24 13:05:56+00:00 **Marvell Technology** ([NASDAQ:MRVL](https://247wallst.com/companies/MRVL/) | [MRVL Price Prediction](https://247wallst.com/companies/mrvl/price-prediction)) heading into the August 27, 2026 fiscal Q2 2027 earnings report, carries a favorable setup. Management has already telegraphed acceleration, the bookings are in hand, and the crowd is betting on a beat. The catalyst is defined and the evidence points in one direction. ## Guidance Is Already Raised, and the Beat Cadence Is Intact CEO Matt Murphy told investors on the last call that “we are seeing [exceptional AI-related bookings](https://247wallst.com/investing/2026/07/10/billionaire-tech-ceo-our-25-billion-backlog-shows-the-demand-is-booked-as-weve-never-seen-a-buildout-like-this-since-the-great-wall-of-china/), and as a result, we are significantly raising Marvell’s revenue outlook for both fiscal 2027 and fiscal 2028.” Q2 guidance sits at $2.700 billion +/- 5% in revenue and $0.93 +/- $0.05 in non-GAAP EPS, with management pointing to $3 billion in quarterly revenue in Q3, one full quarter ahead of prior outlook. Marvell has posted 5 beats and no misses across six recent reports. ## Growth Curve Justifies the Multiple Yes, the trailing P/E is 74, but forward P/E compresses to 53 as EPS scales. Fiscal 2027 revenue is guided to nearly $11.5 billion (+40% year over year), and fiscal 2028 to approximately $16.5 billion. Q1 FY27 free cash flow was $483.1 million, up 126.81% year over year. [Interconnect revenue](https://247wallst.com/investing/2026/06/29/these-7-stocks-will-solve-ais-most-important-bottleneck/) is expected to grow more than 70% year over year in fiscal 2027, and [custom silicon](https://247wallst.com/investing/2026/07/16/this-is-the-next-stage-of-the-ai-revolution-and-absolutely-no-one-is-talking-about-it/) is targeted at over $10 billion in revenue in fiscal 2029. ## Where MRVL Wins the Head-to-Head Against the S&P 500 tech benchmark, Marvell’s post-Q1 FY27 reaction speaks for itself: shares delivered a 30-day change of 45.43% versus QQQ at 0.11% and a one-week gain of 54.48%. Shares are up 195.8% year to date and 253.2% over one year. Analysts carry 38 Buy or Strong Buy ratings versus 5 Holds and zero Sells, with a target price of $256.91. ## Crowd Signal Confirms the Setup Polymarket’s active contract on the earnings report shows a 0.88 Yes probability that MRVL beats quarterly earnings, and the prior earnings market resolved with a 100% crowd correct rate. The August 28 options expiration carries a put-call ratio of 0.32. ## Concentration Risk Is Overstated Data center accounts for 76% of revenue, and bears cite hyperscaler in-sourcing. Murphy’s answer: Marvell has custom engagements across the board at all the U.S. hyperscalers, and the long-range outlook is built on designs already won and locked. The guidance raise is already on the table heading into August 27th. *Contact [email protected] for any questions or corrections.*