Marvell Technology Inc

MRVL: XNAS (USA)

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Marvell: Lumentum Is a Good Asset at a Rich Price, but This Remains a Top Pick in Semis

William Kerwin

Nov 2, 2026

Marvell Technology announced a deal to acquire Lumentum Holdings in an all-stock transaction. Based on stock prices prior to the deal leaking a week earlier, the deal values Lumentum at roughly $115 billion, or about a 24% premium to market price. Management expects to close the deal in early 2028.

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Marvell Technology Inc

Marvell: Lumentum Is a Good Asset at a Rich Price, but This Remains a Top Pick in Semis

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