MRVL - Marvell Technology Q4 Earnings: Revenue Beat EPS In Line Weak Guidance Sends Shares Tumbling | Benzinga
Marvell Technology Inc (NASDAQ:MRVL) reported fourth-quarter financial results Thursday after the close. Here’s a look at the key metrics from the quarter.
Q4 Earnings: Marvell said fourth-quarter revenue increased 1% year-over-year to $1.427 billion, which beat the consensus estimate of $1.42 billion. The chip designer reported quarterly earnings of 46 cents per share, which was in line with analyst estimates.
Marvell has now met or exceeded analyst estimates on the top and bottom line in four straight quarters, per Benzinga Pro.
“AI drove strong growth in our data center end market revenue which increased 38% sequentially and 54% year-over-year. As ...