Marvell Technology (MRVL) reported $1.43 billion in revenue for the quarter ended January 2024, representing a year-over-year increase of 0.6%. EPS of $0.46 for the same period compares to $0.46 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.42 billion, representing a surprise of +0.52%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.46.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...

Marvell Technology (MRVL) came out with quarterly earnings of $0.46 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this chipmaker would post earnings of $0.40 per share when it actually produced earnings of $0.41, delivering a surprise of 2.50%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Marvell, which belongs to ...

SANTA CLARA, Calif., March 7, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced that its Board of Directors has authorized a $3 billion addition to the balance of its existing stock repurchase program, increasing the total current repurchase authority to approximately $3.3 billion. This $3 billion increase is the largest repurchase authorization in our history. Marvell's existing share repurchase program had approximately $ ...

Marvell extends its longstanding partnership with TSMC to 2nm manufacturing. 2nm building blocks and foundational IP to boost the performance and efficiency of cloud-optimized silicon for accelerated infrastructure. Leadership in 2nm infrastructure silicon follows similar Marvell firsts in 5nm and 3nm. SANTA CLARA, Calif., March 7, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, is extending its collaboration with TSMC to develop the ...

Exhibit 99.1 Marvell Technology, Inc. Reports Fourth Quarter and Fiscal Year 2024 Financial Results • Q4 Net Revenue: $1.427 billion, grew by 1% year-on-year • Q4 Gross Margin: 46.6% GAAP gross margin; 63.9% non-GAAP gross margin • Q4 Diluted income (loss) per share: $(0.45) GAAP diluted loss per share; $0.46 non-GAAP diluted income per share Santa Clara, Calif. (March 7, 2024) - Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial result ...

Fool.com contributor Parkev Tatevosian takes a closer look at the rising demand for Marvell Technology (MRVL -0.78%) in its latest investors update. *Stock prices used were the afternoon prices of March 2, 2024. The video was published on March 4, 2024. ...

Marvell Technology (MRVL) is slated to report fourth-quarter fiscal 2024 results after market close on Mar 7.For the fiscal fourth quarter, the company projects total revenues of $1.42 billion (+/- 5%). Marvell projects non-GAAP earnings per share for the fiscal fourth quarter to be approximately 46 cents (+/- 5 cents).The Zacks Consensus Estimate for revenues is pegged at $1.42 billion, while the consensus mark for earnings is pegged at 46 cents per share. Compared with the year-ago quarter, estimates indi ...

Marvell Technology (MRVL 2.24%) is performing marvelously for shareholders. Buoyed by investor enthusiasm over artificial intelligence (AI) stocks, and in particular hopes to duplicate Nvidia's (NVDA 3.60%) performance as a chipmaker for the AI industry, shares of semiconductor stock Marvell soared 80% over the last 12 months, outperforming the broader S&P 500 by nearly 54 percentage points.But can such outperformance last?Investment bank B. Riley Financial made the case on Monday that it can last. Analysts ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Marvell Technology. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

In its upcoming report, Marvell Technology (MRVL) is predicted by Wall Street analysts to post quarterly earnings of $0.46 per share, reflecting no change compared to the same period last year. Revenues are forecasted to be $1.42 billion, representing no change year over year.The consensus EPS estimate for the quarter has been revised 0.4% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this tim ...