Marvell Technology Inc. (NASDAQ:MRVL) shares jumped 6.17% to $221.12 in pre-market trading on Wednesday, extending a 6.08% prior day gain, as investors positioned ahead of the company’s fiscal first quarter 2026 earnings report due after the closing bell.

Strong EPS Growth Expected

Analysts expect earnings of $0.75 per share and revenue of $2.40 billion in its upcoming first quarter.

In its last reported quarter in March, Marvell posted EPS of $0.80, beating estimates of $0.71 by 12.68%, on revenue of $2.22 billion, topping consensus by 2.77%.

AI Infrastructure At The Core

The gains come as Marvell continues to expand its push into AI infrastructure. On Tuesday, the Santa Clara-based semiconductor company announced that Chairman and CEO Matt Murphy will deliver a keynote at COMPUTEX 2026, one of the world's largest annual technology trade shows held in Taipei, on June 2.

His presentation is titled "The Future of AI Scaling Depends on Connectivity."

In April, Marvell acquired Polariton Technologies to improve how data moves across large computing systems, enhancing speed and efficiency.

Trading Metrics, Technical Analysis

Marvell has a market capitalization of $182.47 billion. The stock has traded between a 52-week high of $217.45 and a 52-week low of $58.62.

Over the past 12 months, MRVL has gained 226.32%.

The large-cap stock of the technology company is currently trading near its annual high.

MRVL has shown a strong long-term trend and solid positioning, suggesting potential for continued growth.

Price Action: According to Benzinga Pro data, the stock closed Tuesday's regular trading session up 6.08% at $208.26.

With Momentum in the 98th percentile and a Growth score of 99.72, Benzinga's Edge Stock Rankings suggest that MRVL is maintaining a strong positive price trend across all time frames.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.