Marvell Technology (MRVL) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this chipmaker have returned -0.7% over the past month versus the Zacks S&P 500 composite's +3.6% change. The Zacks Technology Services industry, to which Marvell belongs, has gained 4.6% over this period. Now the key question is: Where could the stock be headed in the near term?Although media reports o ...

Investment Rating - The report assigns a positive outlook for Marvell Technology, Inc. with expectations of revenue growth in the upcoming quarters, particularly driven by the data center market and AI-related products [2][3][15]. Core Insights - Marvell Technology, Inc. reported FY2025Q1 revenue of $1.161 billion, which was a 12.2% year-over-year decline and an 18.6% quarter-over-quarter decline, but exceeded the guidance midpoint of $1.15 billion [2][3]. - The data center market showed strong performance, with revenue of $816 million, representing a 87.3% year-over-year increase and a 6.7% quarter-over-quarter increase, driven by AI demand [3][9][15]. - The company expects FY2025Q2 revenue to be between $1.18875 billion and $1.3125 billion, indicating a quarter-over-quarter growth of 7.7% and a year-over-year decline of 6.8% [11][12]. Summary by Sections Overall Revenue Situation - FY2025Q1 revenue was $1.161 billion, exceeding guidance [2][8]. - Non-GAAP gross margin was 62.4%, slightly below the previous quarter but above the year-ago period [3][8]. - Operating expenses for FY2025Q1 were $680 million GAAP and $454 million Non-GAAP, reflecting successful cost-cutting measures [8][16]. Revenue Breakdown by End Market - Data center market revenue was $816 million, accounting for 70% of total revenue [9][10]. - Enterprise networking market revenue was $153 million, a significant decline due to inventory adjustments [9][10]. - Carrier infrastructure market revenue was $72 million, also reflecting a decline [9][10]. - Consumer market revenue was $42 million, down significantly due to the end of product life cycles [9][10]. - Automotive and industrial market revenue was $78 million, showing a slight decline [9][10]. Company Guidance - For FY2025Q2, the company anticipates revenue of $1.18875 billion to $1.3125 billion, with a Non-GAAP gross margin of 62% [11][12]. - The data center segment is expected to continue its growth trajectory, driven by custom projects and AI demand [12][15]. - The company is optimistic about revenue recovery in the second half of FY2025, particularly in Ethernet and new model production [11][12][15].

Marvell Technology Inc. NASDAQ: MRVL is a leading semiconductor company in the computer and technology sector sector that designs and manufactures high-performance chips. They are a powerhouse when it comes to their largest market addressing data infrastructure solutions and data centers. While the company is a benefactor of the artificial intelligence (AI) boom and explosive growth in data centers, it may be perceived as one-dimensional, as evidenced by the 10% drop in shares in reaction to its fiscal Q1 2 ...

Monty Rakusen Investment summary My previous investment thought on Marvell Technology (NASDAQ:MRVL) (published in April 2024) was a buy rating because of my belief that the worst was over, and the business should start to see growth recovery in 2H25. I reiterate a buy rating for MRVL, as the path to an upcycle has become more visible after looking at the 1Q25 results. Management guidance and forward-looking comments were also very encouraging. There are also visible catalysts that suggest growth could f ...

Georgijevic/E+ via Getty Images Marvell Technology, Inc.'s (NASDAQ:MRVL) stock price has been on a roller coaster ride for the past three years with shares sliding from above $90 to about $35 in 2022 mostly as a result of the Fed aggressively tightening monetary policy. Then, May 2023 marked a recovery despite declining sales, driven mostly by the AI hype. Data by YCharts Now, AI has emerged as a key growth driver, but overall sales have been impacted by cyclicality, resulting in the stock being punished, b ...

The chipmaker sank following its latest quarterly report, but investors should not miss the silver linings.The semiconductor sector has done well in 2024, as evidenced by the 23% gains clocked by the PHLX Semiconductor Sector index this year. This rally also had a positive effect on shares of Marvell Technology (MRVL -2.68%).Then Marvell's rally came to a screeching halt with the May 30 release of its fiscal 2025 first-quarter results (for the three months ended May 4, 2024). The stock price fell 10% after ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 4, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40357 MARVELL TECHNOLOGY, INC. (Exact name of registrant as specified in its charter) Delaware 85-3971597 (State or other jurisdic ...

Marvell Technology, Inc. (NASDAQ:MRVL) Q1 2025 Earnings Conference Call May 30, 2024 4:45 PM ET Company Participants Ashish Saran - Senior Vice President, Investor Relations Matt Murphy - Chairman & Chief Executive Officer Willem Meintjes - Chief Financial Officer Conference Call Participants Vivek Arya - Bank of America Securities Timothy Arcuri - UBS Chris Caso - Wolfe Research Karl Ackerman - BNB Paribas Tom O'Malley - Barclays Quinn Bolton - Needham Ross Seymore - Deutsche Bank Blayne Curtis - Jeffe ...

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]

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 ...