MRVL Stock Recent News

Q2 FY2025 net revenue was $1.27 billion, in line with management's guidance. Data center segment revenue surged 92% year over year to $880.9 million.

Marvell Technology, Inc. (NASDAQ:MRVL ) Q2 2025 Earnings Call Transcript August 29, 2024 4:45 PM ET Company Participants Ashish Saran - SVP of IR Matt Murphy - Chairman and CEO Willem Meintjes - CFO Conference Call Participants Tore Svanberg - Stifel Toshiya Hari - Goldman Sachs Timothy Arcuri - UBS Ross Seymore - Deutsche Bank Vivek Arya - Bank of America Matt Ramsay - TD Cowen Christopher Rolland - Susquehanna Harlan Sur - JPMorgan Aaron Rakers - Wells Fargo Srinivas Pajjuri - Raymond James Quinn Bolton - Needham Harsh Kumar - Piper Sandler Karl Ackerman - BNP Paribas Operator Good afternoon and welcome to Marvell Technology, Inc.'s Second Quarter of Fiscal Year 2025 Earnings Conference Call. All participants will be in listen-only mode.

Chipmaker Marvell Technology surpassed expectations for quarterly revenue and forecast third-quarter results above Wall Street estimates on Thursday, on the back of strong demand for its electro-optics products and an increase in custom AI programs.

Q2 Net Revenue: $1.273 billion, declined by (5)% year-on-year Q2 Gross Margin: 46.2% GAAP gross margin; 61.9% non-GAAP gross margin Q2 Diluted income (loss) per share: $(0.22) GAAP diluted loss per share; $0.30 non-GAAP diluted income per share SANTA CLARA, Calif. , Aug. 29, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the second quarter of fiscal year 2025.

UPDATE—Aug. 29, 2024: This article has been updated to reflect more recent share price information.

Marvell Technology, Inc. MRVL is expected to release earnings results for its second quarter, after the closing bell on Thursday, Aug. 29.

MRVL's second-quarter performance is likely to have been negatively impacted by a weak demand environment and ongoing inventory correction.

Marvell Technology's data-center business is benefiting big time from the growing adoption of AI. The chipmaker is expecting a recovery in other end markets that haven't been performing well of late.

Marvell Technology (MRVL) is set to report second-quarter results for fiscal 2025 after the bell Thursday, with investors likely to be watching for signs the semiconductor tech company could be poised for a turnaround in sales and updates on its artificial intelligence (AI) initiatives.

Evaluate the expected performance of Marvell (MRVL) for the quarter ended July 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.