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.
Marvell Technology (MRVL) is set to report earnings for the first quarter of its 2025 fiscal year after the bell on Thursday, with investors likely watching for growth in the company's data center segment and any updates related to artificial intelligence (AI).
Marvell's (MRVL) Q1 performance is likely to have been affected by weakness in its product demand as enterprises are postponing their large IT spending plans amid macroeconomic uncertainties.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Marvell (MRVL), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended April 2024.
Marvell (MRVL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.