Marvell Technology, Inc. Third Quarter of Fiscal Year 2026 December 2, 2025 Discussion of Non-GAAP Financial Measures Non-GAAP financial measures exclude the effect of stock-based compensation expense, amortization of acquired intangible assets, gain on sale of business, acquisition and divestiture related costs, restructuring and other related charges (including, but not limited to, asset impairment charges, recognition of contractual obligations, employee severance costs, and facility exit related charges ...

Marvell posted a third-quarter profit of $1.90 billion, a significant improvement from a $676.3 million loss a year prior. It also announced it is acquiring Celestial AI for $3.25 billion in cash and ... ...

Core Insights - Marvell Technology Inc. reported third-quarter earnings that exceeded analyst expectations, with adjusted earnings of 76 cents per share compared to the estimated 73 cents [2] - The company also announced the acquisition of Celestial AI, which is expected to enhance its product offerings [3] Financial Performance - Quarterly revenue reached $2.08 billion, surpassing the Street estimate of $2.07 billion and showing significant growth from $1.52 billion in the same period last year [2][4] - Marvell's Chairman and CEO, Matt Murphy, highlighted that the record revenue was driven by strong demand for data center products [3] Future Outlook - The company is guiding for robust growth in the fourth quarter, with full-year revenue growth forecasted to exceed 40% [4] - Demand for Marvell's products is expected to continue accelerating, leading to an upward revision of data center revenue growth forecasts for the next year [4] Stock Performance - Following the earnings announcement, Marvell's stock fell by 6.33% to $87.01 in extended trading [4]

Exhibit 99.1 Net revenue for the third quarter of fiscal 2026 was $2.075 billion, $15.0 million above the mid-point of the Company's guidance provided on August 28, 2025. On August 14, 2025, the Company completed the sale of its automotive ethernet business to Infineon Technologies AG for $2.5 billion in cash, which resulted in a pre-tax gain on sale of $1.8 billion. Marvell's results for the third quarter of fiscal 2026 include the results of the automotive ethernet business through the sale date, while pr ...

Core Viewpoint - Marvell Technology is acquiring semiconductor startup Celestial AI for a total of $3.25 billion in a cash-and-stock transaction to enhance its networking product offerings amid increasing competition in the semiconductor industry [1] Group 1: Acquisition Details - The acquisition deal is valued at $3.25 billion, combining both cash and stock components [1] - This strategic move aims to bolster Marvell's capabilities in networking products [1] Group 2: Industry Context - The semiconductor industry is experiencing intensified competition, prompting companies like Marvell to seek innovative solutions through acquisitions [1]

Core Insights - Marvell Technology, Inc. has announced a definitive agreement to acquire Celestial AI, which specializes in a disruptive Photonic Fabric technology platform designed for scalable optical interconnects [1] - This acquisition is seen as a transformational milestone that will enhance Marvell's connectivity strategy, particularly for next-generation AI and cloud data centers [1] Company Summary - Marvell Technology is recognized as a leader in data infrastructure semiconductor solutions [1] - The acquisition of Celestial AI aligns with Marvell's strategic focus on advancing its capabilities in AI and cloud data center connectivity [1] Industry Summary - The move reflects a growing trend in the semiconductor industry towards integrating advanced technologies that support AI and cloud infrastructure [1] - Photonic technology is becoming increasingly important for improving data transfer speeds and efficiency in data centers [1]

SANTA CLARA, Calif.--(BUSINESS WIRE)--Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the third quarter of fiscal year 2026. Net revenue for the third quarter of fiscal 2026 was $2.075 billion, $15.0 million above the mid-point of the Company's guidance provided on August 28, 2025. On August 14, 2025, the Company completed the sale of its automotive ethernet business to Infineon Technologies AG for $2.5 billi. ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Core Insights - Marll is set to report its third-quarter earnings, with expectations of strong performance driven by AI momentum and growth in revenue and earnings per share (EPS) [1][3][4] Earnings Expectations - EPS is anticipated to be 75 cents, an increase from 67 cents in the previous quarter and a 43% rise year-over-year [4] - Revenue is expected to reach $2.06 billion, reflecting approximately 36% year-over-year growth and an increase from $2.01 billion last quarter [5] AI and Data Center Focus - The revenue breakdown will be crucial, particularly the contribution from AI and data center products compared to legacy chips [5][9] - Strong demand for custom AI silicon and data center interconnect solutions was a significant factor in the previous quarter's growth [6] Market Sentiment - Analysts are optimistic about Marll's potential to solidify its leadership in AI infrastructure if it meets or exceeds expectations [4][9] - Despite a year-to-date decline of nearly 16%, the stock has shown bullish momentum, rising almost 11% in the week leading up to the earnings report [9] Competitive Landscape - Analysts have flagged potential risks related to valuation, competition, and capital expenditures, which could impact margins and pricing power [11][12][13] - The increasing competition in the AI infrastructure space may lead to margin pressure, which is a concern for investors [13]

Core Viewpoint - The company Marll is identified as an underperformer in the semiconductor sector, lagging behind peers like Qualcomm, Nvidia, AMD, Broadcom, and Micron, with a decline of over 15% this year despite a recent price increase [2][9]. Technical Analysis - The chart analysis indicates a broad upward sloping channel pattern, with key levels to watch being a recent low around 75 and a high near 98 [3][4]. - The moving averages show a clustering, indicating a lack of strong trend directionality, although there is a slight bounce observed [4]. - A breakout above the 50 midline and the downward sloping trend line is noted, with bulls looking for new highs and an RSI breakout above 70 for confirmation [5]. Volume and Expected Moves - The volume profile indicates a point of control near 75, which aligns with a recent low, while volume thins out above 90 and picks up again at 110 [6][7]. - The expected move for the upcoming expiration is approximately 10.8%, with downside support around 83 and upside resistance near 103 [7][8]. Options Strategy - A conservative options strategy is proposed, involving selling a 90 strike put and buying an 85 strike put to create a short $5 wide neutral to bullish put vertical, aiming for a credit of about $180 with a risk of $320 [10][12]. - The probability of the short 90 strike finishing out of the money at expiration is estimated at 55%, providing a cushion of over 5% to the downside [13][14].