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 +26.2% over the past month versus the Zacks S&P 500 composite's +3.4% change. The Zacks Technology Services industry, to which Marvell belongs, has gained 9.1% over this period. Now the key question is: Where could the stock be headed in the near term?Although media reports ...

Have you assessed how the international operations of Marvell Technology (MRVL) performed in the quarter ended July 2024? For this chipmaker, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects.In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and growth trajectory. For investors, ...

While semiconductor developer Marvell Technology, Inc. NASDAQ: MRVL is a benefactor in the artificial technology (AI) revolution, headline numbers for their second-quarter fiscal 2025 results don’t paint the immediate upside potential. This is because the rest of the business shows weakness from the non-AI semiconductor cycle slowdown. Their growth segment lies in the viral expansion of data centers, which are benefiting from the surge in AI adoption.Like many peers in the computer and technology sector, Ma ...

JHVEPhotoI initiated a ‘Buy’ rating for Marvell Technology (NASDAQ:MRVL) in June 2024, based on the thesis of fast growth in AI revenues from optics and custom ASIC. Marvell announced their Q2 result on August 29th after the bell, with an upbeat outlook for Q3. Notably, their data center business grew by 92% year-over-year. I reiterate a ‘Buy’ rating with a one-year price target of $90 per share. Ramping Up Electro-Optics & Custom Silicon My biggest takeaway from the quarter is Marvell’s strong growth i ...

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 August 3, 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 juris ...

Marvell Technology Inc MRVL shares climbed in early trading on Friday, after the company reported upbeat second-quarter sales.The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.Goldman Sachs On Marvell TechnologyAnalyst Toshiya Hari maintained a Buy rating while lifting the price target from $77 to $87.Marvell Technology reported its first beat-and-raise in five quarters, with fiscal second-quarter revenue at $1.27 billion, representing 10% sequential grow ...

Key TakeawaysMarvell Technology reported better-than-expected sales for the second quarter, boosted by demand for artificial intelligence.CEO Matt Murphy said the company saw strong growth from its electro-optics products and that its custom AI programs began to ramp up.Marvell Technology shares surged nearly 5% in early trading Friday and have gained over one-fifth of their value since the start of the year. Marvell Technology (MRVL) shares surged nearly 5% in early trading Friday after the maker of networ ...

Marvell Technology (MRVL) reported better-than-expected results for the second quarter of fiscal 2025. The chipmaker’s revenues and earnings were above the midpoint of its guidance.The Wilmington, DE-based company reported non-GAAP earnings of 30 cents per share, which surpassed the Zacks Consensus Estimate by a penny. Quarterly earnings also came ahead of the midpoint of the company’s guidance of 29 cents (+/- 5 cents). The bottom line decreased 9.1% on a year-over-year basis, mainly due to higher-than-exp ...

Shares of Dell Technologies Inc (NYSE:DELL) and Marvell Technology Inc (NASDAQ:MRVL) are moving higher following their respective earnings reports.Dell, now a top vendor for servers oriented toward artificial intelligence (AI), reported second-quarter adjusted earnings of $1.89 per share on revenue of $25.06 billion, both of which beat Wall Street's expectations thanks to an 80% increase in server sales. At last glance, DELL was 1.7% higher at $112.58, extending its year-over-year lead to 97%.As far as anal ...

Marvell Technology continues to face challenges in its various segments.Marvell Technology (MRVL 2.05%), a leader in infrastructure semiconductor solutions, reported fiscal 2025 second-quarter earnings Thursday that were in line with internal guidance but mixed when measured against year-over-year data.Revenue of $1.27 billion was up 10% sequentially from Q1, although it marks a 5% year-over-year decline. Marvell continued to grapple with losses, posting a GAAP diluted loss per share of $0.22 and non-GAAP d ...