Recently, Zacks.com users have been paying close attention to Marvell (MRVL). This makes it worthwhile to examine what the stock has in store.
Demand for Marvell's AI-related products helped its data center business grow 87% year over year in Q1. Other areas of Marvell's business are struggling, with Q1 revenue down compared to the prior fiscal year.
Weak demand for Marvell's chips from four end markets weighed on the company's performance last quarter. However, Marvell's data center business is growing at an incredible pace thanks to AI.
Marvell Technologies is still recovering from a cyclical slowdown that is causing revenue to decrease.
Explore how Marvell's (MRVL) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.
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.