Marvell Technology (MRVL) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.46 per share a year ago.
Marvell Technology (MRVL) reported fiscal fourth-quarter results that beat analysts' expectations, but shares tumbled in extended trading as its outlook failed to impress.
Marvell Technology (MRVL 2.05%), known for its semiconductor solutions, reported fiscal 2025 fourth-quarter results on Wednesday, March 5, that came in just ahead of analysts' consensus expectations. Adjusted EPS of $0.60 exceeded the $0.59 estimate, and revenue of $1.82 billion outperformed the expected $1.8 billion.
CNBC's Kristina Partsinevelos joins 'Closing Bell Overtime' with Marvell Technology's earnings.
Marvell beat expectations with its latest quarterly results and outlook, but that's not enough to lift the stock.
Marvell Technology narrowly beat estimates for its fiscal Q4 and guided modestly higher for the current quarter. MRVL stock plunged in extended trading.
Chipmaker Marvell Technology forecast first-quarter revenue above estimates on Wednesday, driven by robust demand for custom chips from businesses aiming to optimize AI workloads.
Marvell's (MRVL) earnings will draw eyes after the close, and Jeff Pierce notes the high bar for the report. Data center demand will serve as the catalyst, which Jeff believes is paramount to drive its stock price higher.
Marvell Technology, Inc. MRVL will release its fourth-quarter financial results, after the closing bell on Wednesday, March 5.
Semiconductor stock Marvell Technology Inc (NASDAQ:MRVL) is up 2.7% to trade at $88.13 at last glance, brushing off today's headwinds , though it was earlier on track for its seventh loss in nine days.
Increasing adoption of AI workloads across hyperscale and enterprise markets is likely to have boosted MRVL's data center revenue growth in the fourth quarter.
AI-driven data center growth, networking recovery and automotive stability are likely to have driven MRVL's financial performance in the fourth quarter.