MRVL · PEAD ↓ 100

Marvell Technology reported Q2 FY2027 EPS of $0.62 on 2026-08-27, missing the $0.65 consensus by $0.03 (-4.6%).

Print-day reaction was -1.5% from the prior close of $245.11 to the T+0 close of $241.45, a contained initial move that understated the damage to come. The overnight gap was severe: MRVL opened T+1 at $225.26, a -6.7% plunge from the prior close, signalling sharp after-hours conviction to the downside. The Day 1–3 drift extended losses a further -2.9%, with the stock closing T+3 at $210.39, confirming no stabilisation. Cumulative abnormal return of -13.6% versus SPY.US firmly places this in PEAD short territory; the documented drift pattern holds through 2026-11-24.