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 ...

AWS expands supplier relationship with Marvell for AI and data center connectivity products. Marvell expands relationship with AWS for electronic design automation (EDA) in the cloud to deliver its silicon solutions.SANTA CLARA, Calif., Dec. 2, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, announced today the expansion of their strategic relationship with Amazon Web Services (AWS) through a five-year, multi-generational agreement tha ...

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 ...

Wall Street analysts expect Marvell Technology (MRVL) to post quarterly earnings of $0.40 per share in its upcoming report, which indicates a year-over-year decline of 2.4%. Revenues are expected to be $1.45 billion, up 2.5% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a company's earnings announcement, it ...