Marvell Technology

Marvell Technology, Inc. engages in the provision of data infrastructure semiconductor solutions. It offers compute, networking, storage, and custom solutions. The firm designs, develops, and sells integrated circuits. The company was founded by Wei Li Dai, Pantas Sutardja, and Sehat Sutardja in 1995 and is headquartered in Wilmington, DE.

Earnings data Q4 2021

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Marvell exceeds Q1 revenue expectations, anticipates strong AI growth

Marvell's Q1 2023 performance exceeded expectations, with strong growth drivers in AI, cloud infrastructure, automotive, and storage. The company is making strategic OpEx cuts and belt tightening to reposition spending. However, challenges are anticipated in the enterprise and carrier segments, with inventory overhang in the cloud side and potential lumpiness in the 5G base station market.

Marvell Technology (MRVL) reports strong Q2 revenue driven by AI demand

Marvell Technology (MRVL) reported strong Q2 revenue driven by AI demand, but faced challenges in certain business segments. The company's strengths include strong growth in automotive and industrial end markets, while opportunities lie in custom silicon programs for AI and electro-optical business.

Marvell surpasses Q3 revenue expectations, eyes growth in AI

Marvell's Q3 performance exceeded expectations, driven by strong data center and carrier infrastructure revenue. While facing challenges in certain market segments, the company is well-positioned to capitalize on opportunities in AI and cloud infrastructure for future growth.

Marvell Technology reports Q4 revenue growth, anticipates challenges and opportunities

Marvell Technology's Q4 performance showed revenue growth but challenges in certain segments. Strengths in enterprise networking and growth areas like 5G provide optimism. Challenges include revenue declines in Q1 and margin pressure. Opportunities in future growth areas and confidence in long-term prospects.

Marvell Technology (MRVL) reports strong Q1 earnings and eyes AI growth opportunities

Marvell Technology (MRVL) delivered strong earnings, driven by AI growth and revenue across key end markets, with plans for margin improvement and expense reduction.
Despite challenges like inventory overhang and market uncertainties, Marvell's strategic strengths in AI, technology leadership, and financial adjustments position it for future growth.
Opportunities in AI, cloud infrastructure, and market leadership underscore Marvell's potential for continued success and growth in the evolving tech landscape.
Balancing performance, strengths, challenges, and opportunities, Marvell remains well-positioned for growth, supported by strategic initiatives and a focus on key technologies.

Marvell Technology beats Q2 revenue expectations, eyes AI growth

Marvell Technology's Q2 performance exceeded expectations, with strong revenue and growth in key segments like AI and data center.
Despite challenges in certain segments, Marvell's strengths lie in maintaining margins, market share, and positive outlook for future growth.
Opportunities abound in AI, data center, and Electro-Optical segments, positioning Marvell for continued revenue growth and market leadership.
The company's focus on operational efficiency and revenue diversification sets the stage for sustained financial improvement and market competitiveness.

Marvell Technology reports solid Q3 earnings, eyes growth opportunities

Marvell Technology's Q3 performance reflects resilience and strategic focus amidst market challenges, with solid financial metrics and growth in key segments.
While facing short-term revenue declines in certain markets, Marvell's strengths in data center, cloud, and custom silicon opportunities position it well for future growth.
Addressing challenges in specific end markets and the carrier business, Marvell aims to leverage opportunities in cloud AI, custom silicon, and data center markets for sustained growth.
With a strong financial position, operational efficiency, and strategic partnerships, Marvell is poised to navigate challenges and capitalize on growth opportunities in high-demand technology sectors.

Marvell Technology posts solid Q4 earnings, eyes accelerated infrastructure growth

Marvell's Q4 performance reflects strong revenue growth and strategic investments in AI data centers and cloud-optimized silicon programs.
While facing margin challenges and segment bottoming in Q1 2025, Marvell's custom silicon and AI businesses present substantial growth opportunities.
With a focus on accelerated infrastructure and data center expansion, Marvell anticipates significant growth in the semiconductor industry for fiscal '26.

Marvell Technology beats Q1 expectations, eyes growth in data centers

Marvell Technology's Q1 performance exceeded expectations, with a focus on data center revenue growth and new market expansion. Despite challenges in certain end markets, the company is poised for recovery and anticipates strong opportunities in custom silicon and optical solutions.

Marvell Technology beats revenue guidance, eyes AI growth opportunities

Marvell Technology delivered strong Q2 results, with a positive outlook for sequential and year-over-year growth in key markets.
Strategic initiatives in AI custom silicon and interconnect technologies position the company for long-term success and market leadership.
While facing challenges in certain end markets, Marvell's financial strength and growth prospects indicate a promising future for investors.

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Marvell Technology, Inc. engages in the design, development, and sale of integrated circuits. Its products include data processing units, security solutions, automotive, coherent DSP, DCI optical modules, ethernet controllers, ethernet PHYs, ethernet switches, linear driver, PAM DSP, transimpedance amplifiers, fibre channel, HDD, SSD controller, storage accelerators, ASIC, and Marvell government solutions. It operates through the following geographical segments: United States, Singapore, Israel, India, China, and Others. The company was founded by Wei Li Dai and Pantas Sutardja in 1995 and is headquartered in Wilmington, DE.

Marvell Technology, Inc. (NASDAQ:MRVL ) Q1 2024 Earnings Conference Call May 25, 2023 4:45 PM ET Company Participants Ashish Saran - Senior Vice President, Investor Relations Matt Murphy - President and Chief Executive Officer Willem Meintjes - Chief Financial Officer Conference Call Participants Ross Seymore - Deutsche Bank Timothy Arcuri - UBS Vivek Arya - Bank of America Securities Ambrish Srivastava - BMO Blayne Curtis - Barclays Tore Svanberg - Stifel C.J. Muse - Evercore Karl Ackerman - BNP Paribas Harlan Sur - JPMorgan Matt Ramsay - TD Cowen Srini Pajjuri - Raymond James Operator Good afternoon, and welcome to Marvell Technology Inc.'s First Quarter of Fiscal Year 2024 Earnings Conference Call.

Marvell Technology, Inc. (MRVL) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for Marvell (MRVL) give a sense of how its business performed in the quarter ended April 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Marvell (MRVL) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Marvell Technology (MRVL) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.52 per share a year ago.

Marvell Technology (MRVL) Q1 Earnings and Revenues Top Estimates

Chipmaker Marvell Technology edged above Wall Street's targets for its fiscal first quarter and with the company's earnings outlook. The post Chipmaker Marvell Beats Estimates, Calls AI 'A Key Growth Driver' appeared first on Investor's Business Daily.

Chipmaker Marvell Beats Estimates, Calls AI 'A Key Growth Driver'

Shares of Marvell Technology Inc. were soaring 15% in after-hours activity Thursday after the chip company topped expectations with its quarterly outlook and forecast that revenue related to artificial intelligence would at least double this year.

Marvell stock soars after upbeat earnings outlook, projection that AI revenue will double this year

Q1 Net Revenue: $1.322 billion, declined by 9% year-on-year Q1 Gross Margin: 42.2% GAAP gross margin; 60.0% non-GAAP gross margin Q1 Diluted income (loss) per share: $(0.20) GAAP diluted loss per share; $0.31 non-GAAP diluted income per share SANTA CLARA, Calif. , May 25, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the first quarter of fiscal year 2024.

Marvell Technology, Inc. Reports First Quarter of Fiscal Year 2024 Financial Results

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Marvell's (MRVL) Q1 performance is likely to have been negatively impacted by softness in its product demand as OEMs are rescheduling orders to manage excess chip inventories.

Marvell (MRVL) Q1 Earnings Coming Up: What Should You Know?

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Marvell Technology has seen steady growth over the years as the semiconductor industry remains under heavy demand. The company has managed to set itself up very healthy financially which puts them ahead of many competitors.

Marvell Technology: Good Growth Prospects Ahead Make It A Buy

SANTA CLARA, Calif. , May 3, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced that the Marvell Board of Directors has appointed President and CEO, Matt Murphy as Chair of the Board, effective the date of Marvell's 2023 Annual Meeting of Stockholders which is currently scheduled for June 16, 2023.

Marvell Announces Changes to its Board of Directors

Marvell's diverse market presence and innovative approach make it a strong contender in the semiconductor industry. Weak FY1Q guidance raises concerns about near-term challenges, including unfavorable product mix and inventory management issues.

Marvell Technology: A Semiconductor Powerhouse Adapting To Market Challenges

SANTA CLARA, Calif. , May 1, 2023 /PRNewswire/ --  Marvell Technology, Inc. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today announced it will conduct a conference call following the release of its first quarter of fiscal year 2024 financial results on Thursday, May 25, 2023, at 1:45 p.m.

Marvell Technology, Inc. Announces Conference Call to Review First Quarter of Fiscal Year 2024 Financial Results

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Marvell (MRVL) demonstrates industry-first and high-speed silicon technologies, produced on Taiwan Semiconductor's 3-nanometer process, for acceleration of data infrastructure performance.

Marvell (MRVL) Expands Silicon IP With 3nm Interconnect, SerDes

The 3nm building blocks include high-speed SerDes and parallel interconnects for dramatically boosting the performance of next-generation data infrastructure Innovative die-to-die interconnects will enable data transfer speeds at up to 240 Tbps, 45% faster than available alternatives in multichip packages Extends Marvell's silicon IP leadership for cloud, AI, networking, 5G, automotive and custom solutions SANTA CLARA, Calif. , April 19, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, has demonstrated high-speed, ultra-high bandwidth silicon interconnects produced on Taiwan Semiconductor Manufacturing Company's (TSMC) 3-nanometer (3nm) process.

Marvell Demonstrates Industry's First 3nm Data Infrastructure Silicon

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An inventory correction is hurting Marvell Technology's financial performance right now. The company serves fast-growing niches that could help turn its business around sooner than later.

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We're upgrading Marvell Technology to a buy after the stock dropped materially, reflecting our investment thesis of customers' inventory correction post-industry-wide double-ordering, especially in the data center market. We now see a limited downside risk for Marvell Technology stock in spite of the weaker macro environment.

Marvell Technology: Upgrade To Buy Post-Haircut

Marvell Technology Inc. MRVL, +1.93% reportedly will shed 4% of its global workforce, the latest Silicon Valley company to announce job cuts, citing a slowdown in the semiconductor industry. Late Tuesday, Bloomberg News reported that Marvell said it was going to trim its workforce of 320.

Marvell reportedly to shed 4% of workforce

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SANTA CLARA, Calif. , March 14, 2023 /PRNewswire/ --  Marvell Technology, Inc.  (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced the details of its participation in a webinar hosted by BofA Securities to discuss current and emerging data center connectivity technologies and the impact they will have on the cloud.

News for Marvell Technology Stock (MRVL)