Marvell Technology (MRVL) reported third-quarter fiscal 2025 non-GAAP earnings of 43 cents per share, decisively exceeding the Zacks Consensus Estimate by 7.5%. Quarterly earnings also came ahead of the midpoint of the company’s guidance of 40 cents (+/- 5 cents). Furthermore, the bottom line increased 4.9% due to higher revenues and effective cost management.Marvell’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 3.8%.Find the latest EPS estim ...

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Shares of Marvell Technology Inc MRV climbed in early trading on Wednesday, after the company reported upbeat earnings for the third quarter.Bank of America Securities analyst Vivek Arya maintained a Buy rating, while raising the price target from $108 to $125.Stifel analyst Tore Svanberg reiterated a Buy rating, while raising the price target from $114 to $125.Goldman Sachs analyst Toshiya Hari reiterated a Buy rating, while raising the price target from $87 to $115.Oppenheimer analyst Rick Schafer maintai ...

JR Research is an opportunistic investor. He was recognized by TipRanks as a Top Analyst. He was also recognized by Seeking Alpha as a "Top Analyst To Follow" for Technology, Software, and Internet, as well as for Growth and GARP. He identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. He has also demonstrated outperformance with his picks. He focuses on identifying growth investing opportunities that present the most attracti ...

Marvell Technology Inc (NASDAQ:MRVL) earlier issued upbeat fiscal-fourth quarter guidance due to artificial intelligence (AI) demand. The company also reported a top- and bottom-line win for the third quarter and saw no fewer than 17 price-target hikes, including one from Rosenblatt Securities to $140 from $120. At last check, MRVL is up 20.8% to trade at a fresh record high of $115.83, blasting through recent resistance from $100 level and pacing for its best single-day percentage gain since May 2023. Shar ...

Key TakeawaysShares in Marvell Technology jumped in premarket trading Wednesday after the chipmaker posted strong quarterly results and issued a rosy outlook amid robust demand for its custom AI chips. The stock broke out from an ascending triangle on above-average volume Monday, a bullish chart pattern that indicates a continuation of the uptrend.A bars pattern, which takes the price bars from the stock’s trending move between October and November and repositions them from the ascending triangle’s lower tr ...

More than 15 years of professional investment experience in global equities across all sectors. My investment style is fundamental, bottom-up, long-term, and quality growth-oriented. I am seeking companies specializing in niche markets, with strong growth potential, a solid management team, a sound capital allocation policy, and, most importantly, reasonable valuation. I do not chase quarterly results, nor do I follow the herd mentality. I do not use short-term stock performance as the measure of a company' ...

Financial Data and Key Metrics - Revenue for Q3 FY2025 was $1.516 billion, $66 million above the midpoint of guidance, growing 19% sequentially and 7% year-over-year [7][9] - Non-GAAP EPS was $0.43, 43% above the midpoint of guidance, growing 43% sequentially [8] - Data center revenue accounted for 73% of total revenue, reaching a record $1.1 billion, growing 98% year-over-year and 25% sequentially [12][25] - Enterprise networking revenue was $151 million, while carrier revenue was $85 million, collectively growing 4% sequentially [19] - Consumer revenue was $97 million, growing 9% sequentially, while automotive and industrial revenue was $83 million, also growing 9% sequentially [20][21] Business Line Performance - Custom AI silicon drove strong performance, with significant demand and supply chain capacity secured for Q4 [12][13] - Electro-optics products grew double-digits sequentially, with strong bookings for 800-gig PAM products and shipments of 1.6T PAM DSPs [14] - Active electrical cable market saw acceleration in production ramp of 100-gig per lane 800-gig DSPs, with sampling of 200-gig per lane 1.6T AEC DSPs [16] Market Performance - Data center end market is expected to grow in the low-to-mid 20% range sequentially in Q4, driven by custom AI revenue and Ethernet switch products [17][18] - Enterprise networking and carrier markets are expected to grow sequentially in the mid-teens in Q4, with recovery momentum improving [19] - Consumer end market is expected to decline sequentially in the mid-teens in Q4 due to seasonality in gaming demand [20] - Automotive and industrial end market is projected to grow sequentially in the low-to-mid single-digits in Q4 [21] Strategy and Industry Competition - The company is focused on AI-driven growth, with custom silicon programs and strong optics growth driving the transformation into an AI-first data center semiconductor company [9][25] - Strategic investments in technology, including 2-nanometer and 3-nanometer platforms, are aimed at maintaining leadership in process technology and energy efficiency [27][28] - The company has redirected investments towards the data center, resulting in a $750 million restructuring charge in Q3 [26][37] Management Commentary on Operating Environment and Future Outlook - Management is optimistic about the AI super cycle, with strong demand for custom AI silicon and optical interconnect products [12][23] - The company expects to significantly exceed the full-year AI revenue target of $1.5 billion, with strong growth forecasted for Q4 and FY2026 [23][33] - The recovery in enterprise networking and carrier markets is gaining momentum, with targeted investments planned to grow revenue in these areas [29][30] Other Important Information - The company announced a five-year agreement with Amazon Web Services, covering custom AI products, optical DSPs, and other data center semiconductors [10][11] - Stock repurchases totaled $525 million through Q3, with $3 billion remaining in the repurchase authorization [32] - The company expects to return to GAAP profitability in Q4, with strong operating leverage and cash flow generation [46] Q&A Session Summary Question: AI Revenue Quantification and Fiscal 2026 Outlook - AI revenue for FY2025 is tracking significantly ahead of the $1.5 billion target, with hundreds of millions in upside. The outlook for FY2026 is also strong, driven by demand for custom AI and optical interconnect products [51][52] Question: Management Commitment and Customer Diversification - The CEO reaffirmed commitment to Marvell, emphasizing the company's transformation and focus on the AI super cycle. Customer diversification is strong, with multiple large volume opportunities across custom AI and compute solutions [55][56] Question: Competitive Landscape for Custom Silicon - The company sees itself and one other major competitor as the primary players in custom silicon, with high barriers to entry due to the complexity of design, manufacturing, and supply chain capabilities [87][88] Question: Gross Margins and Operating Leverage - Gross margins are expected to remain around 60% in FY2026, with operating leverage driving significant margin expansion as revenue outpaces operating expenses [111][112] Question: Custom Silicon Growth and Non-AI Business - Custom silicon is largely driven by AI, with significant growth expected in FY2025 and FY2026. Non-AI custom programs are also contributing, but AI remains the dominant driver [106][107] Question: ASIC Opportunities and Customer C - Customer C remains the largest opportunity among the three major custom silicon customers, with progress tracking well and unchanged expectations from the AI Day presentation [119][120]

) | MARVELL Q3 FY25 Financial and Business Results December 3, 2024 Forward-looking statements Except for statements of historical fact, this presentation contains forward-looking statements (within the meaning of the federal securities laws) including statements related to future revenue, future earnings, and the success of our product releases that involve risks and uncertainties. Words such as "anticipates," "expects," "intends," "plans," "projects," "believes," "seeks," "estimates," "can," "may," "will, ...

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 ...