Core Insights - Wall Street analysts forecast Marvell Technology (MRVL) will report quarterly earnings of $0.75 per share, reflecting a year-over-year increase of 74.4% [1] - Anticipated revenues are projected to be $2.06 billion, showing a 36% increase compared to the same quarter last year [1] Earnings Estimates - The consensus EPS estimate has been revised upward by 0.3% in the past 30 days, indicating a reassessment of initial estimates by covering analysts [2] - Revisions to earnings projections are critical for predicting investor behavior and are linked to short-term stock price performance [3] Revenue Projections by Market Segment - Net Revenue by end market - Data center is estimated at $1.49 billion, representing a year-over-year change of +35.7% [5] - Net Revenue by end market - Carrier infrastructure is projected at $169.92 million, indicating a significant increase of +100.6% from the previous year [5] - Net Revenue by end market - Automotive/industrial is expected to reach $34.90 million, reflecting a decrease of -57.9% from the prior-year quarter [6] - Net Revenue by end market - Consumer is forecasted at $112.99 million, suggesting a year-over-year increase of +17.1% [6] - Net Revenue by end market - Enterprise networking is projected to be $251.26 million, indicating a year-over-year change of +66.5% [7] Stock Performance - Over the past month, Marvell shares have recorded a return of -5.7%, compared to a -0.3% change in the Zacks S&P 500 composite [7] - Marvell holds a Zacks Rank 2 (Buy), suggesting it is likely to outperform the overall market in the upcoming period [7]
Marvell (MRVL) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates