Marvell Technology

Marvell Technology, Inc. engages in the provision of data infrastructure semiconductor solutions. It offers compute, networking, storage, and custom solutions. The firm designs, develops, and sells integrated circuits. The company was founded by Wei Li Dai, Pantas Sutardja, and Sehat Sutardja in 1995 and is headquartered in Wilmington, DE.

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Marvell exceeds Q1 revenue expectations, anticipates strong AI growth

Marvell's Q1 2023 performance exceeded expectations, with strong growth drivers in AI, cloud infrastructure, automotive, and storage. The company is making strategic OpEx cuts and belt tightening to reposition spending. However, challenges are anticipated in the enterprise and carrier segments, with inventory overhang in the cloud side and potential lumpiness in the 5G base station market.

Marvell Technology (MRVL) reports strong Q2 revenue driven by AI demand

Marvell Technology (MRVL) reported strong Q2 revenue driven by AI demand, but faced challenges in certain business segments. The company's strengths include strong growth in automotive and industrial end markets, while opportunities lie in custom silicon programs for AI and electro-optical business.

Marvell surpasses Q3 revenue expectations, eyes growth in AI

Marvell's Q3 performance exceeded expectations, driven by strong data center and carrier infrastructure revenue. While facing challenges in certain market segments, the company is well-positioned to capitalize on opportunities in AI and cloud infrastructure for future growth.

Marvell Technology reports Q4 revenue growth, anticipates challenges and opportunities

Marvell Technology's Q4 performance showed revenue growth but challenges in certain segments. Strengths in enterprise networking and growth areas like 5G provide optimism. Challenges include revenue declines in Q1 and margin pressure. Opportunities in future growth areas and confidence in long-term prospects.

Marvell Technology (MRVL) reports strong Q1 earnings and eyes AI growth opportunities

Marvell Technology (MRVL) delivered strong earnings, driven by AI growth and revenue across key end markets, with plans for margin improvement and expense reduction.
Despite challenges like inventory overhang and market uncertainties, Marvell's strategic strengths in AI, technology leadership, and financial adjustments position it for future growth.
Opportunities in AI, cloud infrastructure, and market leadership underscore Marvell's potential for continued success and growth in the evolving tech landscape.
Balancing performance, strengths, challenges, and opportunities, Marvell remains well-positioned for growth, supported by strategic initiatives and a focus on key technologies.

Marvell Technology beats Q2 revenue expectations, eyes AI growth

Marvell Technology's Q2 performance exceeded expectations, with strong revenue and growth in key segments like AI and data center.
Despite challenges in certain segments, Marvell's strengths lie in maintaining margins, market share, and positive outlook for future growth.
Opportunities abound in AI, data center, and Electro-Optical segments, positioning Marvell for continued revenue growth and market leadership.
The company's focus on operational efficiency and revenue diversification sets the stage for sustained financial improvement and market competitiveness.

Marvell Technology reports solid Q3 earnings, eyes growth opportunities

Marvell Technology's Q3 performance reflects resilience and strategic focus amidst market challenges, with solid financial metrics and growth in key segments.
While facing short-term revenue declines in certain markets, Marvell's strengths in data center, cloud, and custom silicon opportunities position it well for future growth.
Addressing challenges in specific end markets and the carrier business, Marvell aims to leverage opportunities in cloud AI, custom silicon, and data center markets for sustained growth.
With a strong financial position, operational efficiency, and strategic partnerships, Marvell is poised to navigate challenges and capitalize on growth opportunities in high-demand technology sectors.

Marvell Technology posts solid Q4 earnings, eyes accelerated infrastructure growth

Marvell's Q4 performance reflects strong revenue growth and strategic investments in AI data centers and cloud-optimized silicon programs.
While facing margin challenges and segment bottoming in Q1 2025, Marvell's custom silicon and AI businesses present substantial growth opportunities.
With a focus on accelerated infrastructure and data center expansion, Marvell anticipates significant growth in the semiconductor industry for fiscal '26.

Marvell Technology beats Q1 expectations, eyes growth in data centers

Marvell Technology's Q1 performance exceeded expectations, with a focus on data center revenue growth and new market expansion. Despite challenges in certain end markets, the company is poised for recovery and anticipates strong opportunities in custom silicon and optical solutions.

Marvell Technology beats revenue guidance, eyes AI growth opportunities

Marvell Technology delivered strong Q2 results, with a positive outlook for sequential and year-over-year growth in key markets.
Strategic initiatives in AI custom silicon and interconnect technologies position the company for long-term success and market leadership.
While facing challenges in certain end markets, Marvell's financial strength and growth prospects indicate a promising future for investors.

Marvell Technology surpasses Q3 expectations, eyes growth in strategic sectors

Marvell Technology demonstrated robust performance in Q3, exceeding revenue guidance and showcasing significant sequential growth in non-GAAP EPS.
The company's strategic partnerships, focus on infrastructure acceleration, and market positioning in key sectors like AI and data centers highlight its potential for sustained growth.
While facing challenges in certain end markets due to seasonality, Marvell remains poised to capitalize on opportunities in AI, data centers, and enterprise networking for future expansion.
Overall, Marvell's strong financial performance, strategic initiatives, and market adaptability position it well for continued success and growth in the semiconductor industry.

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Marvell Technology, Inc. engages in the design, development, and sale of integrated circuits. Its products include data processing units, security solutions, automotive, coherent DSP, DCI optical modules, ethernet controllers, ethernet PHYs, ethernet switches, linear driver, PAM DSP, transimpedance amplifiers, fibre channel, HDD, SSD controller, storage accelerators, ASIC, and Marvell government solutions. It operates through the following geographical segments: United States, Singapore, Israel, India, China, and Others. The company was founded by Wei Li Dai and Pantas Sutardja in 1995 and is headquartered in Wilmington, DE.

An inventory correction is hurting Marvell Technology's financial performance right now. The company serves fast-growing niches that could help turn its business around sooner than later.

Down 45%, This Beaten-Down Nasdaq Stock Could See a Long-Term Boost from AI

We're upgrading Marvell Technology to a buy after the stock dropped materially, reflecting our investment thesis of customers' inventory correction post-industry-wide double-ordering, especially in the data center market. We now see a limited downside risk for Marvell Technology stock in spite of the weaker macro environment.

Marvell Technology: Upgrade To Buy Post-Haircut

Marvell Technology Inc. MRVL, +1.93% reportedly will shed 4% of its global workforce, the latest Silicon Valley company to announce job cuts, citing a slowdown in the semiconductor industry. Late Tuesday, Bloomberg News reported that Marvell said it was going to trim its workforce of 320.

Marvell reportedly to shed 4% of workforce

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SANTA CLARA, Calif. , March 14, 2023 /PRNewswire/ --  Marvell Technology, Inc.  (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced the details of its participation in a webinar hosted by BofA Securities to discuss current and emerging data center connectivity technologies and the impact they will have on the cloud.

Media Alert: Marvell to Present Evolution of Cloud Data Center Connectivity at Webinar Hosted by BofA Securities

Marvell recently reported earnings, and unfortunately for investors, its guidance did not meet expectations due to the memory market downturn, creating a tailwind for its data center solutions.

Will Marvell Technology Survive and Thrive After the Chip Downturn?

Marvell Technology, Inc. (NASDAQ:MRVL ) Morgan Stanley Technology, Media and Telecom Conference Transcript March 8, 2023 12:50 PM ET Executives Matt Murphy - President and CEO Willem Meintjes - Chief Financial Officer Ashish Saran - Senior Vice President, Investor Relations Analysts Joe Moore -Morgan Stanley Joe Moore Great. Thanks, everyone.

Marvell Technology, Inc. (MRVL) Management Presents at Morgan Stanley Technology, Media and Telecom Conference (Transcript)

Marvell Technology Group had a fantastic year, but the year ahead could be quite a bit more turbulent. Cloud customers are starting to reduce orders for some components to deal with an excess of inventory, casting some doubt on Marvell's growth prospects through the next 12 months.

The Chip Downturn Finally Comes for Marvell Technology: Is the Stock Still a Buy?

SAN DIEGO , March 6, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced the details of its participation at the 2023 Optical Networking and Communication (OFC) Conference. OFC is the premier event for optical communications and networking professionals.

Marvell to Showcase Cloud-Optimized Electro-Optics and Networking at OFC 2023

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Marvell Technology Inc.'s latest round of downbeat guidance didn't necessarily come as a shock, but the company's cautious commentary on a second-half recovery may have.

Marvell's downbeat guidance wasn't a big surprise — but these factors were

Marvell's (MRVL) fiscal fourth-quarter performance reflects solid demand for its chip in the enterprise networking, carrier infrastructure and automotive end markets.

Marvell (MRVL) Q4 Earnings Match, Revenues Beat Expectations

The company had reported earnings in line with expectations for the last quarter on Thursday, but the guidance was disappointing.

Marvell Stock Is Falling. Analysts Are Cutting Price Targets.

The headline numbers for Marvell (MRVL) give insight into how the company performed in the quarter ended January 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Marvell (MRVL) Reports Q4 Earnings: What Key Metrics Have to Say

Marvell Technology, Inc. (NASDAQ:MRVL ) Q4 2023 Earnings Conference Call March 2, 2023 4:45 PM ET Company Participants Ashish Saran - Senior Vice President, Investor Relations Matt Murphy - President & Chief Executive Officer Willem Meintjes - Chief Financial Officer Conference Call Participants Ross Seymore - Deutsche Bank Vivek Arya - Bank of America Toshiya Hari - Goldman Sachs C.J. Muse - Evercore Joe Moore - Morgan Stanley Matt Ramsay - Cowen Jeremy Kwan - Stifel Blayne Curtis - Barclays Christopher Rolland - Susquehanna Karl Ackerman - BNP Quinn Bolton - Needham & Company Srini Pajjuri - Raymond James Operator Good afternoon, and welcome to Marvell Technology's Fourth Quarter and Fiscal Year 2023 Earnings Conference Call.

Marvell Technology, Inc. (MRVL) Q4 2023 Earnings Call Transcript

Chipmakers Broadcom and Marvell Technology reported quarterly results late Thursday. AVGO stock rose and MRVL stock fell on the news.

Chipmakers Broadcom, Marvell Diverge With Quarterly Reports

Shares of Marvell Technology Inc. fell more than 5% in after-hours trading Thursday after the chip company met expectations with results for its latest quarter but blamed inventory corrections for an outlook that came in below the consensus view.

Marvell stock declines after inventory corrections weigh on earnings forecast

Q4 Net Revenue: $1.419 billion, grew by 6% year-on-year Q4 Gross Margin: 47.5% GAAP gross margin; 63.5% non-GAAP gross margin Q4 Diluted income (loss) per share: $(0.02) GAAP diluted loss per share; $0.46 non-GAAP diluted income per share SANTA CLARA, Calif. , March 2, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the fourth fiscal quarter and the full fiscal year, ended January 28, 2023.

Marvell Technology, Inc. Reports Fourth Quarter and Fiscal Year 2023 Financial Results

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Breakthrough 200 Gbps per lambda DSP doubles the bandwidth of optical modules Enables cloud-optimized 51.2 Tbps networking architectures in 1RU chassis Extends multi-source pluggable optics ecosyst em for 1.6 Tbps mainstream adoption SANTA CLARA, Calif. , March 2, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced its Marvell® Nova™ 1.6 Tbps PAM4 electro-optics platform, the industry's first of its kind, is sampling to customers.

Marvell Launches Industry's First 1.6 Tbps PAM4 Electro-Optics Platform for Cloud AI/ML and Data Center Networks

Delivers four times the bandwidth of widely deployed 12.8 Tbps networking solutions Relieves network bottlenecks while reducing power and cost per bit Enables faster time to market with common IP and interoperability SANTA CLARA, Calif. , March 2, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced a cloud-optimized 51.2 Tbps networking platform to relieve bottlenecks in artificial intelligence (AI)/machine learning (ML) and cloud data center networks.

Marvell Announces Cloud-Optimized 51.2 Tbps Networking Platform for AI/ML and Data Center Networks

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Marvell is a dynamic semiconductor powerhouse, fuelled by numerous growth vectors that reach into diverse end markets. Marvell is well-positioned to ride the crest of critical data center tailwinds. The company is poised for robust growth, with its Arm-based portfolio primed to outpace its x86 counterparts.

Marvell Technology: Bulls Are Lurking Around The Corner

SANTA CLARA, Calif. , Feb. 24, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced it will showcase its latest products at MWC Barcelona 2023, the world's largest wireless industry tradeshow.

News for Marvell Technology Stock (MRVL)