Marvell expands AT&S deal. Marvell Technology stock gains 2.87 percent.

Published on 10/02/2026 at 14:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley raised its target to USD 268 from USD 246. Marvell Technology stock costs EUR 245.18 on October 2, 2026 after EUR 238.33.

Comicfigur mit Laborkittel hält jubelnd einen leuchtenden Mikrochip im Rechenzentrum — Pop-Art-Comic mit strahlendem Mikrochip in Ingenieurshand versinnbildlicht Marvell Technology, Aktie ISIN US5738741041, Halbleiterbranche, Illustration mit AI erstellt.

Marvell Technology (ISIN US5738741041) was trading at EUR 245.18 at Lang & Schwarz on October 2, 2026 at 2:31 p.m. CEST, plus 2.87 percent versus the prior close of EUR 238.33. On September 22, 2026, AT&S announced an expanded collaboration with Marvell to increase advanced IC substrate capacity for next-generation AI and cloud infrastructure.

AI supply chain gains capacity

The agreement identifies Marvell as an additional customer linked to the expansion of AT&S's Kulim manufacturing site in Malaysia. The project includes the fit-out of Plant 2 and construction of a facility for IC substrate cores and advanced packaging, giving Marvell additional supply-chain capacity as AI systems become more complex.

The operating backdrop is already expanding. According to The Globe and Mail on August 27, 2026, Marvell reported USD 2.74 billion of revenue in the second quarter of fiscal 2027, up 37.00 percent year over year and 13.00 percent sequentially.

Targets rise before Investor Day

Marvell also raised its fiscal 2027 revenue outlook to USD 12.00 billion from USD 11.50 billion, an increase of 4.35 percent. The same fiscal second-quarter transcript reported net income of USD 308.00 million, diluted earnings per share of USD 0.33 and an operating margin of 17.00 percent.

Analyst expectations remain divided on how much of the AI opportunity is already reflected in valuation. Markets Insider reported on September 21, 2026 that Morgan Stanley raised its price target from USD 246 to USD 268 while retaining an Equal Weight rating. The firm also pointed to Marvell's Investor Day on October 6, 2026 as a potential test of its long-term revenue ambitions.

Marvell's market capitalization stood at USD 234.8 billion as of October 1, 2026. A Nasdaq quote was last at USD 268.08 on October 1, 2026 at 4:00 p.m. ET, while the 52-week range was USD 70.69 to USD 329.88, placing that quote 18.73 percent below the high.

Marvell stock trades higher

At Lang & Schwarz, Marvell Technology stock was trading at EUR 245.18 on October 2, 2026 at 2:31 p.m. CEST, plus 2.87 percent versus the prior close of EUR 238.33 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Marvell Technology stock.