The mean of analysts' price targets for Marvell (MRVL) points to a 27.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Marvell had an in-line quarter. AI revenue is booming as all of its other segments swooned badly.
Marvell has outperformed the market and many of its industry peers. It will expand as the AI market grows and the macro environment improves.
The year-over-year decline in Marvell's (MRVL) first-quarter fiscal 2025 earnings and revenues can be attributed to soft demand and inventory correction measures adopted by customers across majority of its end markets.
Marvell Technology's (MRVL) first-quarter fiscal 2025 report released after the bell Thursday showed that struggles in most areas of business offset an 87% year-over-year jump in data center revenue.
Marvell Technology, Inc. (NASDAQ:MRVL ) Q1 2025 Earnings Conference Call May 30, 2024 4:45 PM ET Company Participants Ashish Saran - Senior Vice President, Investor Relations Matt Murphy - Chairman & Chief Executive Officer Willem Meintjes - Chief Financial Officer Conference Call Participants Vivek Arya - Bank of America Securities Timothy Arcuri - UBS Chris Caso - Wolfe Research Karl Ackerman - BNB Paribas Tom O'Malley - Barclays Quinn Bolton - Needham Ross Seymore - Deutsche Bank Blayne Curtis - Jefferies Harlan Sur - JPMorgan C.J. Muse - Cantor Fitzgerald Tore Svanberg - Stifel Srini Pajjuri - Raymond James Christopher Rolland - Susquehanna Atif Malik - Citi Operator Good afternoon, and welcome to the Marvell Technology Inc.'s First Quarter of Fiscal Year 2025 Earnings Conference Call.
The headline numbers for Marvell (MRVL) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Marvell Technology (MRVL) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.31 per share a year ago.
Chipmaker Marvell Technology matched estimates for earnings and beat on sales in its fiscal first quarter. But MRVL stock fell.
Marvell Technology Inc. rode artificial-intelligence demand to strong growth in its data-center business for the most recent quarter, but shares fell in the extended session as other businesses continued to report pressure.
Chipmaker Marvell Technology missed Wall Street expectations for first-quarter revenue on Thursday, hurt by weak client spending in its wireless carrier and enterprise markets.
Marvell Technology, Inc MRVL was moving slightly higher on Thursday ahead of its first-quarter earnings print set to take place after the market closes.