Marvell Sees Momentum In Cloud, AI, and Automotive [Forbes]
Marvell Technology, Inc. (MRVL)
Last marvell technology, inc. earnings: 3/4 04:05 pm
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Source: Forbes
Its networking products extend beyond traditional IT networking into the growing automotive market. Last week, Marvell released its earnings for the second quarter of its fiscal 2024, demonstrating robust performance with $1.34 billion in top-line revenue. While that number was down year-over-year, it surpassed the midpoint of the company's guidance. This achievement was primarily attributed to the rapid growth in demand for artificial intelligence (AI) applications, which exceeded earlier projections, but also included strong performance in cloud and automotive. Let's jump into what Marvell reported. Growth in Cloud & AI Marvell's data center business was a bright spot. Revenue from that business was $460 million, up 6% from the quarter prior. The growth in data center was primarily attributed to the increasing demand for Marvell's optical products, which facilitate the expansion of cloud-based AI deployments. Marvell experienced over 20% sequential revenue growth from cloud-
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MRVL
News
- MRVL vs. SNDK: Which AI Infrastructure Stock is a Better Bet? [Yahoo! Finance]Yahoo! Finance
- Is Marvell Technology Attractively Priced After Recent AI Driven Share Price Rebound? [Yahoo! Finance]Yahoo! Finance
- MRVL's Data Center Revenues Hit $1.5B: Can the Momentum Continue? [Yahoo! Finance]Yahoo! Finance
- 2026 Bloomberg Watch List Has 4 Ideal "Safer" DiviDog Buys [Seeking Alpha]Seeking Alpha
- Citi Adds Positive Catalyst Watch on Marvell (MRVL) Ahead of CES 2026 [Yahoo! Finance]Yahoo! Finance
MRVL
Earnings
- 12/2/25 - Beat
MRVL
Sec Filings
- 12/15/25 - Form 4
- 12/15/25 - Form 4
- 12/15/25 - Form 4
- MRVL's page on the SEC website