Earnings Beat: Marvell Technology Acquires Celestial AI

Marvell Technology ((MRVL) delivered a strong earnings report yesterday, beating analyst expectations on both revenue and EPS and sending shares nearly 6% higher today in trading. The company posted $2.075 billion in revenue, up roughly 37% year over year, and reported non-GAAP EPS of $0.76, modestly ahead of consensus. The beat comes after a stretch of uneven performance, and it appears to have reassured investors that Marvell is reestablishing its footing as a focused, niche, but increasingly important, p ...