Marvell Q2 Earnings Beat: Will Strong Q3 Guidance Lift Shares?

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 ...