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1.17647058827435E-06 0.014 0.013764705882353 0.0236470588235295 0.0142352941176472 0.0235294117647059 0.0237647058823531 0.0183058823529411
Stock impact report

Marvell Technology raises Q1 guidance on 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
Marvell Technology Group Ltd. (NASDAQ:MRVL) posted better-than-expected fourth-quarter results on Thursday, driven by robust demand in its data center business and record design wins. For the quarter ended February 29, Marvell reported revenue of $2.219 billion, up 22% year-over-year and slightly above analysts' estimate of $2.21 billion. Adjusted earnings per share came in at $0.80, beating the Street's $0.79 forecast. Non-GAAP gross margin for the quarter was 59%. Looking ahead, the company expects first-quarter revenue of $2.4 billion, surpassing the consensus estimate of $2.28 billion. Adjusted EPS is projected at $0.79, above the $0.74 expected by analysts, with gross margins estimated between 58.25% and 59.25%. “We expect year-over-year revenue growth to accelerate each quarter in fiscal 2027, driven by continued strength in our data center business, with bookings continuing to grow at a record pace,” Marvell CEO Matthew Murphy said. “In addition to our strong results and Show less Read more
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