Marvell Technology Fails On The Only Growth Metric That Matters
Summary
Marvell's Q2 showed strong 58% revenue growth, but forward guidance signals slowing growth and intense competitive press...
Marvell's Q2 showed strong 58% revenue growth, but forward guidance signals slowing growth and intense competitive pressures, especially in data center (DC) markets. Despite management's optimism and a $94B TAM, Marvell's reliance on major customers and lack of new design wins raise concerns about sustaining >50% DC growth. Valuation at 7.1x forward sales appears fair given 41-44% projected growth, but high stock-based compensation and peer outperformance limit upside potential.