Earnings Releases·Nov 2, 2026, 8:06 AM ET

Marvell Technology — Q3 FY2027 Earnings Summary

Marvell reported preliminary Q3 FY2027 revenue consistent with prior guidance, maintaining the midpoint while narrowing the expected range from ±5% to ±2%.
The company announced an all-stock acquisition of Lumentum at an enterprise value of $115 billion ($1,132 per share, ~23.9% premium), creating a combined entity expected to generate over $1 billion in annual run-rate cost synergies and be accretive to non-GAAP EPS in year one.
The transaction, expected to close in the first half of calendar year 2028, positions the combined company to address a $550 billion total addressable market with enhanced capabilities in optical solutions, silicon photonics, and advanced packaging.
Management views the deal as a strategic response to an inflection point in AI infrastructure, shifting from discrete components to highly integrated optical solutions to meet rapidly growing bandwidth requirements.