Marvell Technology (MRVL) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.35%. A quarter ago, it was expected that this chipmaker would post earnings of $0.46 per share when it actually produced earnings of $0.46, delivering no surprise.Over the last four quarters, the company has s ...

Financial Performance - Q1 net revenue was $1.161 billion, a decline of 12% year-on-year, but $11 million above the mid-point of guidance[1] - For Q2 fiscal 2025, net revenue is expected to be $1.250 billion, representing an 8% sequential increase at the mid-point[3] - Total net revenue for the three months ended May 4, 2024, was $1,160.9 million, down 12% year-over-year and down 19% from the previous quarter[29] - The company expects GAAP net revenue for the next quarter to be approximately $1,250 million, with a margin of +/- 5%[26] Profitability Metrics - Q1 GAAP gross margin was 45.5%, while non-GAAP gross margin was 62.4%[1] - Q2 GAAP gross margin is expected to be approximately 46.2%, with non-GAAP gross margin around 62.0%[3] - GAAP gross profit for the three months ended May 4, 2024, was $527.8 million, down from $664.1 million in the previous quarter and $557.2 million year-over-year[19] - Non-GAAP gross profit for the same period was $724.0 million, compared to $911.1 million in the previous quarter and $792.5 million year-over-year[19] - The company reported a non-GAAP operating margin of 23.3% for the three months ended May 4, 2024, down from 33.8% in the previous quarter[22] Loss and Earnings Per Share - Q1 GAAP net loss was $(215.6) million, or $(0.25) per diluted share; non-GAAP net income was $206.7 million, or $0.24 per diluted share[1] - GAAP diluted loss per share for Q2 is expected to be $(0.20) +/- $0.05, while non-GAAP diluted income per share is expected to be $0.29 +/- $0.05[3] - GAAP net loss for the three months ended May 4, 2024, was $215.6 million, compared to a loss of $392.7 million in the previous quarter and $168.9 million year-over-year[24] Cash Flow and Operations - Cash flow from operations for Q1 was $324.5 million, compared to $208.4 million in the same period last year[17] - Total GAAP operating expenses were $680.1 million, a decrease from $697.4 million in the previous quarter and $739.6 million year-over-year[21] Asset and Liability Management - Total current assets decreased from $3.062 billion to $2.648 billion from the previous quarter[14] - Total liabilities decreased from $6.397 billion to $6.012 billion from the previous quarter[15] Revenue Segmentation - Q1 data center revenue grew 87% year-over-year, driven by demand from AI and custom AI programs[2] - Data center revenue accounted for 70% of total net revenue, significantly increasing from 54% in the previous quarter and 33% year-over-year[29] - The automotive/industrial segment represented 7% of total revenue, consistent with the previous year but slightly up from 5% in the previous quarter[29]

Q1 Net Revenue: $1.161 billion, declined by (12)% year-on-yearQ1 Gross Margin: 45.5% GAAP gross margin; 62.4% non-GAAP gross marginQ1 Diluted income (loss) per share: $(0.25) GAAP diluted loss per share; $0.24 non-GAAP diluted income per shareSANTA CLARA, Calif., May 30, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the first quarter of fiscal year 2025.Net revenue for the first quarter of fiscal 20 ...

Marvell Technology, Inc MRVL was moving slightly higher on Thursday ahead of its first-quarter earnings print set to take place after the market closes.When Marvell printed its fourth-quarter earnings on March 7, the stock plunged over 11% the following day and entered into a steep downtrend, which brought the stock to a low of $63.46 on March 19.For that quarter, Marvell reported earnings per share of 46 cents, in line with the consensus estimate. The stock printed revenues of $1.427 billion, which exceede ...

Built on Marvell industry-leading 5nm PAM4 technology, new Alaska® P PCIe retimer product line scales connections between AI accelerators, GPUs, CPUs and other components inside servers. Higher compute performance for AI drives requirement for a new category of connectivity devices.Industry's lowest power PCIe Gen 6 16-lane retimer is now sampling.SANTA CLARA, Calif., May 30, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today expanded ...

Key TakeawaysMarvell Technology is set to release its first-quarter earnings report for the 2025 fiscal year after the bell on Thursday.The tech company is expected to report falling revenue sequentially and from the year-ago period, while net income is projected to show a narrowing loss sequentially, but a widening loss from the year-ago quarter, according to analyst estimates compiled by Visible Alpha.Investors are likely to be watching data center revenue, as the segment is exposed to Marvell's AI-relate ...

Marvell Technology (MRVL) is slated to report first-quarter fiscal 2025 results on May 30, after market close.For the fiscal first quarter, the company projects total revenues of $1.15 billion (+/- 5%). It expects non-GAAP earnings per share to be 23 cents (+/- 5 cents).The Zacks Consensus Estimate for revenues is pegged at $1.15 billion, indicating a decline of 12.9% from the year-ago quarter’s $1.32 billion. The consensus mark for earnings is pinned at 23 cents per share, suggesting a decline of 25.8% fro ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Marvell Technology (MRVL) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Marvell currently has an average brokerage recommenda ...

Analysts on Wall Street project that Marvell Technology (MRVL) will announce quarterly earnings of $0.23 per share in its forthcoming report, representing a decline of 25.8% year over year. Revenues are projected to reach $1.15 billion, declining 12.9% from the same quarter last year.The consensus EPS estimate for the quarter has undergone an upward revision of 1.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial est ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Marvell Technology (MRVL) reports results for the quarter ended April 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 30. ...