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-0.00332115576220522 -0.00202590501494512 0.00365327133842591 -0.00110705192073502 0.0122329237241227 0.0106276984390569 0.0247979630244659 0.029724344071737
Stock impact report

Marvell (MRVL) Earnings Beat Driven by Strong AI Data Center Demand [Yahoo! Finance]

Marvell Technology, Inc. (MRVL) 
Last marvell technology, inc. earnings: 3/4 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: marvell.com/company/investor_relations
Company Research Source: Yahoo! Finance
quarterly earnings, Loop Capital reiterated its Buy rating and $120 price objective for the stock on March 6. The company posted fourth-quarter earnings that exceeded Wall Street projections and provided first-quarter guidance that was much higher than analyst estimates, driven by strong demand for its AI data center solutions. Marvell Technology Group Ltd. (NASDAQ:MRVL) The company reported adjusted EPS of $0.80 in Q4, exceeding the analyst consensus of $0.79 by $0.01. Revenue hit a record $2.22 billion, up 22% year-over-year and slightly higher than the $2.21 billion expectation. Marvell's data center segment generated $1.65 billion in revenue during the quarter, accounting for 74% of overall sales and up 21% year-over-year. Meanwhile, the communications and other segment generated $567.4 million, a 26% increase year-over-year. Loop Capital also highlighted the company's fiscal 2027 revenue expectation for data centers, which is expected to increase by more than 40% from a pre Show less Read more
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