The S&P/ASX Small Ordinaries Index (ASX: XSO) closed at 3,473.70, up 32.80 points or 0.95% for the session, while gaining 95 points or 2.81% over the past...
Marvell Technology (MRVL) came out with quarterly earnings of $0.8 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.62 per share a year ago.
Marvell Technology NASDAQ: MRVL reported record revenue for its first fiscal quarter of 2027 and raised its revenue outlook for both fiscal 2027 and fiscal 2028, citing accelerating demand across its data center portfolio and continued customer investment in artificial intelligence infrastructure.
The semiconductor company posted a smaller quarterly profit due in part to acquisition costs, but revenue jumped nearly 28% as its data-center business boomed.
Marvell Technology (MRVL) is inching higher in extended hours after the company posted stellar Q1 results and issued impressive guidance for the current quarter. The custom AI chips specialist reported a 28% year-on-year increase in revenue to a record $2.42 billion on $0.8 per share of earnings (EPS) – slightly beating consensus set at $0.79 per share.
The semiconductor company posted a smaller profit of $34.5 million due in part to acquisition costs, but revenue soared nearly 28% as its data center business booms.
Marvell Technology Group Ltd. (NASDAQ:MRVL) reported first-quarter fiscal 2027 revenue of $2.42 billion, topping analyst estimates of $2.4 billion and rising 28% year over year, as the chipmaker cited exceptional AI-related bookings and raised its revenue outlook for both fiscal 2027 and fiscal 2028.
Marvell Technology forecast quarterly revenue above estimates on Wednesday, signaling strong demand for its networking and custom silicon chips used in the AI data center buildout.
Custom artificial intelligence (AI) chips specialist Marvell Technology (MRVL) remains in focus this morning as it prepares to report its Q1 earnings after the closing bell. Consensus is for the company to post $0.79 a share of adjusted earnings (EPS) on a 27% year-on-year increase in revenue to $2.4 billion in the first quarter.
The company's leadership in optical connectivity and the ramp-up of custom chips should deliver a strong quarter, according to analysts.
The momentum trade may not last forever, but it doesn't look likely to slow down on Wednesday.
Marvell Technology (MRVL) is scheduled to report Q1 results after-market hours on Wednesday, May 27, and expectations are running high following several quarters of explosive AI-driven growth.