For the quarter ended October 2024, Marvell Technology (MRVL) reported revenue of $1.52 billion, up 6.9% over the same period last year. EPS came in at $0.43, compared to $0.41 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.45 billion, representing a surprise of +4.29%. The company delivered an EPS surprise of +7.50%, with the consensus EPS estimate being $0.40.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Marvell Technology (MRVL) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.50%. A quarter ago, it was expected that this chipmaker would post earnings of $0.29 per share when it actually produced earnings of $0.30, delivering a surprise of 3.45%.Over the last four quarters, the compa ...

Exhibit 99.1 Marvell Technology, Inc. Reports Third Quarter of Fiscal Year 2025 Financial Results • Q3 Net Revenue: $1.516 billion, grew by 7% year-on-year • Q3 Gross Margin: 23.0% GAAP gross margin; 60.5% non-GAAP gross margin • Q3 Diluted income (loss) per share: $(0.78) GAAP diluted loss per share; $0.43 non-GAAP diluted income per share Santa Clara, Calif. (December 3, 2024) - Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial resul ...

Q3 Net Revenue: $1.516 billion, grew by 7% year-on-year Q3 Gross Margin: 23.0% GAAP gross margin; 60.5% non-GAAP gross margin Q3 Diluted income (loss) per share: $(0.78) GAAP diluted loss per share; $0.43 non-GAAP diluted income per shareSANTA CLARA, Calif., Dec. 3, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the third quarter of fiscal year 2025.Net revenue for the third quarter of fiscal 2025 w ...

On Monday, Amazon Web Services (AWS) and Marvell Technology, Inc MRVL announced an expanded relationship for AI and data connectivity products.The five-year “multi-generational” agreement covers multiple AWS products and cloud infrastructure, developing the strategic relationship.Leveraging its silicon technologies, Marvell will provide AWS with a “broad range” of data center semiconductors, including custom AI products (AWS Trainium2.0 custom AI ASIC), optical digital signal processors (DSPs), active elect ...

Marvell Technology Inc MRVL will be reporting its third-quarter earnings on Tuesday. Wall Street expects 41 cents in EPS and $1.46 billion in revenues as the company reports after market hours.The stock is up 86.35% over the past year, 42.09% over the past six months.Let’s look at what the charts indicate for Marvell stock and how the stock currently maps against Wall Street estimates.Read Also: Marvell Technology Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings CallMar ...

Core Insights - Marvell Technology, Inc. has expanded its strategic relationship with Amazon Web Services (AWS) through a five-year, multi-generational agreement, focusing on collaboration across multiple AWS products and cloud infrastructure [2][5] - The agreement encompasses a wide range of data center semiconductors, including custom AI products, optical digital signal processors, active electrical cable DSPs, PCIe retimers, data center interconnect optical modules, and Ethernet switching silicon solutions [3][4] - This partnership aims to enhance AWS's data center compute, networking, and storage offerings, leading to greater efficiency, lower total cost of ownership, and faster time to market for AWS and its customers [3][4] Group 1 - The collaboration allows Marvell to leverage AWS's advanced and scalable compute capabilities for electronic design automation (EDA) in the cloud, accelerating silicon design processes [4][5] - Marvell's engineering teams will benefit from the virtually unlimited scale and elasticity of AWS's compute infrastructure, enabling them to handle dynamic compute requirements more effectively [4][5] - The partnership is seen as a significant milestone for Marvell, reinforcing its long-standing relationship with AWS in the cloud computing and data center semiconductor sectors [5] Group 2 - AWS's CEO emphasized that the collaboration will help build a cost and power-efficient cloud infrastructure, leveraging leading-edge semiconductors to meet customer demands [5] - Marvell has been a trusted partner for over 25 years, focusing on delivering data infrastructure technology that connects the world through semiconductor solutions [6]

The market for artificial intelligence (AI) chips has been dominated by Nvidia, which explains why the semiconductor giant recently delivered another stellar set of results for the third quarter of fiscal 2025 (which ended on Oct. 27).The chipmaker's revenue shot up a whopping 94% year over year to $35.1 billion, while its immense pricing power helped it more than double its adjusted earnings to $0.81 per share. However, the market's reaction to Nvidia's outstanding results has been lukewarm. In fact, the s ...

Marvell Technology (MRVL) is scheduled to report third-quarter fiscal 2025 on Dec. 3.Marvell projects total revenues for the fiscal third quarter of $1.45 billion (+/- 5%). The Zacks Consensus Estimate for revenues is pegged at $1.45 billion, which indicates an increase of 2.5% from the year-ago quarter’s reported figure.MRVL anticipates non-GAAP earnings to be in the band of 35-45 cents per share (+/- 5 cents) for the third quarter. The consensus mark for non-GAAP earnings is pegged at 40 cents, which call ...

Marvell Technology (MRVL) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individu ...