Marvell Technologies share: Chart from 26.05.2025, Price: 60.69 USD - Symbol: MRVL | Source: TWS
Industry trends indicate that the market for customized ASICs will grow to USD 60 to 80 billion in the next three to five years.
Marvell and Broadcom form a duopoly in this market, as they are the only companies with the necessary expertise and intellectual property to develop state-of-the-art chips.
Marvell's ASIC business, which currently generates less than USD 1 billion in sales, could grow more than tenfold in the next few years, driven by the projects already known and new orders.
If this were to happen, Group sales would triple as a result.
Outlook and valuation
The consensus estimates are along similar lines. For the current financial year, sales are expected to jump by 39% and profits by 78%.
In the coming year, sales and profits are also expected to increase by more than 20%.
On May 29, the company will present Quartalszahlen (Marvell's first quarter runs until the end of April), then we will see whether the ambitious targets are realistic.
If the consensus estimates are correct, Marvell will achieve a forward P/E of 21.8.
Marvell Technology is, as usual in the industry, fabless. The company is primarily responsible for the design and development of semiconductor chips, while the actual production is outsourced to specialized semiconductor factories (foundries). The company is therefore vulnerable to possible tariffs, which is probably the main reason for the sell-off.
Marvell is clearly bullish on the whole, but in view of the high Volatilität but not for the faint-hearted. If a breakout above USD 66 succeeds, a procyclical uptrend will ensue Kaufsignal with possible price targets at USD 76-78 and USD 90.
However, if the share falls below USD 60, a renewed setback towards USD 50 must be expected.
