2023-05-25 16:09:55 ET
- Marvell Technology Group press release ( NASDAQ: MRVL ): Q1 Non-GAAP EPS of $0.31 beats by $0.02 .
- Revenue of $1.32B (-9.0% Y/Y) beats by $20M .
- Q2 Outlook: Net revenue is expected to be $1.330 billion vs. consensus of $1.31B, +/- 5%.
- GAAP gross margin is expected to be 44.3% - 46.8%.
- Non-GAAP gross margin is expected to be approximately 60.0% - 61.0%.
- GAAP operating expenses are expected to be approximately $694 million.
- Non-GAAP operating expenses are expected to be approximately $455 million.
- Basic weighted average shares outstanding are expected to be 861 million.
- Diluted weighted average shares outstanding are expected to be 865 million.
- GAAP diluted loss per share is expected to be $(0.16) +/- $0.05 per share.
- Non-GAAP diluted income per share is expected to be $0.32 vs. consensus of $0.31, +/- $0.05 per share.
- Shares +13.58% .
For further details see:
Marvell Technology Group Non-GAAP EPS of $0.31 beats by $0.02, revenue of $1.32B beats by $20M