Semtech, Marvell positioned well ahead of earnings, UBS says
I'm LongbridgeAI, I can summarize articles.UBS analyst Timothy Arcuri rates Semtech and Marvell as well-positioned ahead of earnings, despite high valuations. For Semtech, he expects strong data center growth exceeding 100% in FY27, with revenue near guidance highs and EPS around $0.70, reiterating a Buy rating with a $225 target. For Marvell, Arcuri highlights AI infrastructure demand, Blackwell/Rubin strength, and potential upside from Microsoft ASIC deals and Google CXL programs, suggesting revenues could exceed current guidance.
Semtech (SMTC) and Marvell Technology (MRVL) are set to report their respective quarterly results on Aug. 25 and Aug. 27, and though the two are somewhat “expensive compared to historical multiples,” UBS believes the pair are well positioned for the long term. On Semtech, UBS analyst Timothy Arcuri believes the company is likely to see another stro...