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Marvell Technology’s Q2 Upcoming Earnings Preview


Deutsche Bank analysts shared their outlook on Marvell Technology, Inc. (NASDAQ:MRVL) ahead of the upcoming Q2 earnings, expecting in-line results, potentially breaking the company’s streak of solid beats/raise, but still impressive, given the rising macro headwinds that have caused so many of its peers to miss.
Specifically, the analysts expect a combination of incremental supply (support Enterprise recovery), continued momentum across its secular end-markets (DC, Auto, 5G), co-specific product ramps, and share/content gains to continue driving sequential growth for the remainder of 2023.
While the analysts acknowledge rising concerns around sector-specific cyclical peaks and demand uncertainties, they believe the company’s limited exposure to Consumer end-markets, and more importantly, impressive ability to drive content/share gains led by co-specific product ramps/cycles across a diverse set of secularly growing end-markets, should combine to create relative outperformance in the company’s fundamentals and share price.










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