Marvell Technology, Inc. (NASDAQ:MRVL) Q2 2025 Earnings Call Transcript August 29, 2024 4:45 PM ET Company Participants Ashish Saran - SVP of IR Matt Murphy - Chairman and CEO Willem Meintjes - CFO Conference Call Participants Tore Svanberg - Stifel Toshiya Hari - Goldman Sachs Timothy Arcuri - UBS Ross Seymore - Deutsche Bank Vivek Arya - Bank of America Matt Ramsay - TD Cowen Christopher Rolland - Susquehanna Harlan Sur - JPMorgan Aaron Rakers - Wells Fargo Srinivas Pajjuri - Raymond James Quinn Bolton - ...

For the quarter ended July 2024, Marvell Technology (MRVL) reported revenue of $1.27 billion, down 5.1% over the same period last year. EPS came in at $0.30, compared to $0.33 in the year-ago quarter.The reported revenue represents a surprise of +1.79% over the Zacks Consensus Estimate of $1.25 billion. With the consensus EPS estimate being $0.29, the EPS surprise was +3.45%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

Marvell Technology (MRVL) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.45%. A quarter ago, it was expected that this chipmaker would post earnings of $0.23 per share when it actually produced earnings of $0.24, delivering a surprise of 4.35%.Over the last four quarters, the compa ...

Technology, Inc. Reports Second Quarter of Fiscal Year 2025 Financial Results • Q2 Net Revenue: $1.273 billion, declined by (5)% year-on-year • Q2 Gross Margin: 46.2% GAAP gross margin; 61.9% non-GAAP gross margin • Q2 Diluted income (loss) per share: $(0.22) GAAP diluted loss per share; $0.30 non-GAAP diluted income per share Santa Clara, Calif. (August 29, 2024) - Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the seco ...

Q2 Net Revenue: $1.273 billion, declined by (5)% year-on-yearQ2 Gross Margin: 46.2% GAAP gross margin; 61.9% non-GAAP gross marginQ2 Diluted income (loss) per share: $(0.22) GAAP diluted loss per share; $0.30 non-GAAP diluted income per shareSANTA CLARA, Calif., Aug. 29, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the second quarter of fiscal year 2025.Net revenue for the second quarter of fiscal ...

Marvell Technology, Inc. MRVL is expected to release earnings results for its second quarter, after the closing bell on Thursday, Aug. 29.Analysts expect the Wilmington, Delaware-based company to report quarterly earnings at 30 cents per share, down from 33 cents per share in the year-ago period. Marvell Technology is projected to post revenue of $1.25 billion, according to data from Benzinga Pro.On Aug. 22, Rosenblatt analyst Hans Mosesmann maintained Marvell Tech with a Buy and maintained a $100 price tar ...

Marvell Technology, Inc. (MRVL) will report second-quarter fiscal 2025 results on Aug. 29 after market close.Marvell projects total revenues for the fiscal second quarter of $1.25 billion (+/- 5%). The Zacks Consensus Estimate for revenues is pegged at $1.25 billion, which indicates a decrease of 6.7% from the year-ago quarter’s reported figure.MRVL anticipates non-GAAP earnings per share (EPS) of 29 cents (+/- 5 cents) for the second quarter. The consensus mark for non-GAAP EPS has remained unchanged at 29 ...

A solid set of results could give this chip stock a nice boost.Shares of Marvell Technology (MRVL 1.29%) are up 14% year to date, and there is a good chance the stock could get a nice shot in the arm when it releases its fiscal 2025 second-quarter results on Aug. 29.Though Marvell may be trailing the 22% gain clocked by the PHLX Semiconductor Sector index, the company's growing revenue from sales of artificial intelligence (AI) chips is driving outstanding results for its data-center segment.Marvell is faci ...

Wall Street analysts forecast that Marvell Technology (MRVL) will report quarterly earnings of $0.29 per share in its upcoming release, pointing to a year-over-year decline of 12.1%. It is anticipated that revenues will amount to $1.25 billion, exhibiting a decline of 6.7% compared to the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course ...

JHVEPhoto This “all AI, all the time” world for chip companies has certainly been a boon for Marvell Technology, Inc. (NASDAQ:MRVL), not only as demand for electro-optics (used for high-speed interconnect) and ramping custom silicon has helped mitigate major cyclical declines in other parts of the business, but as investors have piled into the hot theme of the day. Marvell shares are up about 60% since my last update, lagging names like Broadcom Inc. (AVGO) and NVIDIA Corporation (NVDA) as well as the b ...