Marvell Technology Inc (NASDAQ:MRVL) is scheduled to report its quarterly results on Thursday.

The company is likely to report its fiscal fourth-quarter results and first-quarter guidance in line with or slightly better than consensus estimates, according to JPMorgan.

The Marvell Technology Analyst: Analyst Harlan Sur maintained an Overweight rating and price target of $130.

The Marvell Technology Thesis: The company's results and outlook are likely to be driven by strong datacenter growth, "while the non-AI cyclical segment continues to gradually improve," Sur said in the note.

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Marvell Technology could report its January quarter revenues at $2.204 billion, representing 6% sequential growth, and announce April quarter revenue growth guidance in the low- to mid- single-digit range, the analyst added.

Since January, all four U.S. cloud/hyperscalers "have increased their capex growth expectations for the upcoming year," with aggregate capex now projected to grow 56% to $645 billion in 2026, Sur stated.

"This strong spending environment is further validated by strong beats and guidance raises across the AI semiconductor supply chain, and we expect Marvell to benefit from similar trends," he further wrote.

MRVL Price Action: Marvell Technology shares were down 0.99% at $80.88 at the time of publication on Monday, according to Benzinga Pro data.

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