Marvell in Advanced Talks to Acquire Lumentum, Deal Could Land Next Week
MRVL has more than doubled off its 52-week low of $70.685.
Summary
Marvell is in advanced talks to buy data center optics maker Lumentum, with an announcement possible as soon as next week, according to Bloomberg. The move would vertically integrate Marvell's custom AI silicon business with Lumentum's optical component supply — a direct response to the interconnect bottleneck in AI data centers. Marvell has been on a tear: Q2 FY2027 revenue hit a record $2.739B, up 37% year over year, and it raised FY2028 revenue guidance to $20B at its October investor day. Lumentum is the more directly re-rated name here — it becomes a takeout target at a likely premium — while Marvell absorbs integration and financing risk. No deal terms, price, or financing structure were disclosed. Watch for a formal announcement as early as next week; until then this is unconfirmed talk.
At the time of this announcement, MRVL was trading at $227.05 on NASDAQ in the Technology sector, with a market capitalization of approximately $220.7B. The 52-week trading range was $70.69 to $329.88. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.