Summary

• Marvell Technology, Inc. delivered an exceptional FY 2026, with 42% year-over-year revenue growth to $8.2 billion, driven by AI demand.
• MRVL turned prior operating losses into operating income, achieving a 51% gross margin, 16.1% operating margin, and $3.07 EPS for the year.
• Capital returns surged, with $2.245 billion returned to shareholders via buybacks and dividends, up $1.3 billion from the prior year.
• MRVL showed several business updates, especially on the data center front. Also, there's an opportunity with GOOG to explore.
• But there's an issue. Valuation. I rate MRVL a Hold after trimming my position by 50% due to a less attractive valuation following a 140% share price increase.

I invested in Marvell Technology, Inc. (MRVL) in September 2025, and now I think it was one of my best investments in 2025. In just 8 months, I have watched the stock price increase by nearly 140%. I

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