Marvell Technology Forecasts Strong Q2 Revenue, Driven by AI Chip Demand
10 Sources
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Chipmaker Marvell forecasts second-quarter revenue above estimates
May 29 (Reuters) - Marvell Technology (MRVL.O), opens new tab forecast second-quarter revenue above Wall Street estimates on Thursday, betting on robust demand for custom chips powering artificial intelligence workloads in data centers. Demand for custom AI chips continues to fuel growth, while
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Chipmaker Marvell delivers to expectations but its stock declines after-hours - SiliconANGLE
Chipmaker Marvell delivers to expectations but its stock declines after-hours Chipmaker Marvell Technology Inc. reported earnings and revenue that just edged past analyst's expectations today, but its guidance failed to stir much excitement and its stock was headed lower in extended trading. The
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Marvell forecasts second-quarter revenue above estimates on strong demand for custom AI chips
Marvell said in its post-earnings call that it expects AI tailwinds to remain strong, driven by robust hyperscaler spending, new sovereign data center projects, and the expansion of emerging market players expanding the market, opening up growth opportunities. The company's carrier and enterprise
[4]
Marvell Analysts Back Steady Outlook, Point To AI Momentum - Amazon.com (NASDAQ:AMZN), Marvell Tech (NASDAQ:MRVL)
Shares of Marvell Technology Inc. MRVL tanked in early Friday trading despite the company's upbeat earnings report for the first quarter on Thursday. The announcement came amid an exciting earnings season. Here are some key analyst takeaways. Piper Sandler On Marvell Technology Analyst Harsh
[5]
Marvell Technology Stock Slips After Q1 Results: Details - Marvell Tech (NASDAQ:MRVL)
Marvell Technology, Inc. MRVL released its first-quarter results after Thursday's closing bell. Here's a look at the key figures from the report. The Details: Marvell reported quarterly adjusted earnings of 62 cents per share, which beat the Street estimate of 61 cents. Quarterly revenue came in
[6]
Marvell Technology Data Center Business Triples Over 2 Years As Custom Silicon And Optics Fuel Surge: 'Expect This Momentum To Continue' - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), Marvell Tech (NASDAQ:MRVL)
Marvell Technology Inc.'s MRVL data center revenue tripled over the last two years, hitting a record in the first quarter of the current fiscal year. The company's management expects the momentum to continue going ahead. What Happened: During the first quarter, the company posted a record data
[7]
Marvell forecasts $2B Q2 revenue amid accelerating AI-driven data center momentum and custom silicon growth (NASDAQ:MRVL)
CEO Matt Murphy highlighted record revenue of $1.895 billion for Q1 2026, noting a 4% sequential increase and 63% year-over-year growth, stating, "Data center end market continued to deliver strong growth, driven by robust AI demand." Murphy Seeking Alpha's Disclaimer: The earnings call insights
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Cantor maintains Marvell stock Neutral with $60 price target By Investing.com
Friday, Cantor Fitzgerald reiterated a Neutral rating and a $60.00 price target on Marvell Technology Group Ltd . (NASDAQ:MRVL). According to InvestingPro data, the stock currently trades at an EV/EBITDA multiple of 33.4x, reflecting high growth expectations. While analyst targets range from $60 to
[9]
Barclays maintains Overweight rating on Marvell stock at $80 target By Investing.com
On Friday, Barclays (LON:BARC) reiterated its Overweight rating on Marvell Technology Group Ltd . (NASDAQ:MRVL) with a steady price target of $80.00. According to InvestingPro data, the stock, currently trading at $63.73, has shown significant volatility with a beta of 1.82. While the stock has
[10]
Morgan Stanley lifts Marvell stock price target to $73 By Investing.com
On Friday, Morgan Stanley (NYSE:MS) maintained an Equalweight rating on Marvell Technology Group Ltd . (NASDAQ:MRVL) and increased its price target from $70.00 to $73.00. The research firm's analyst cited a positive outlook for the company's long-term performance despite recent underwhelming
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Marvell Technology reports better-than-expected Q1 results and forecasts strong Q2 revenue, fueled by growing demand for custom AI chips in data centers. The company's data center segment shows significant growth, while its stock experiences volatility.
Marvell Technology's Q1 Performance and Q2 Outlook
Marvell Technology, a leading chipmaker, has reported strong first-quarter results for fiscal year 2025, surpassing Wall Street expectations. The company posted revenue of $1.9 billion, a 63% year-over-year increase, and adjusted earnings of 62 cents per share, slightly beating analyst estimates
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Source: Benzinga
Data Center Segment Drives Growth
The data center segment, which accounts for 76% of Marvell's total revenue, emerged as the primary growth driver. Revenue from this segment stood at $1.44 billion in the first quarter, representing a remarkable 76% increase from the previous year
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. This growth is largely attributed to the rising demand for custom chips powering artificial intelligence (AI) workloads in data centers.AI-Driven Momentum
Marvell's CEO, Matt Murphy, highlighted that the company's momentum is being fueled by strong AI demand in the data center market. The rapid scaling of custom silicon programs and robust shipments of electro-optics products are contributing significantly to this growth
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. The company's custom silicon business, which involves making customized data center chips for hyperscale operators like Amazon Web Services (AWS), is expected to be the primary growth driver over the next 3-5 years3
.Q2 Forecast and Future Outlook
For the second quarter, Marvell forecasts revenue of $2 billion, plus or minus 5%, which is above the average analyst estimate of $1.98 billion
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. The company expects AI tailwinds to remain strong, driven by robust hyperscaler spending, new sovereign data center projects, and the expansion of emerging market players3
.Challenges and Market Response
Despite the positive results and outlook, Marvell's stock experienced volatility in after-hours trading, declining by about 2-3%
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. This reaction may be partly due to investors' high expectations following the exceptional performance of rival Nvidia4
.Related Stories
Segment Performance and Recovery
While the data center segment showed impressive growth, other segments of Marvell's business also showed signs of recovery. The carrier infrastructure segment saw a 93% increase in sales to $138.4 million, and the enterprise networking segment grew by 16%
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. However, the consumer and automotive/industrial segments faced challenges, with the consumer end market remaining weak due to seasonality in gaming demand3
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Source: Reuters
Upcoming Investor Event
Marvell has announced a Custom AI Investor Event scheduled for June 17, 2025. This event is expected to showcase the company's technology platform advancements and potentially reveal new customer wins and market expansion opportunities
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Source: SiliconANGLE
As Marvell continues to capitalize on the growing demand for AI chips and custom silicon solutions, the company appears well-positioned to maintain its growth trajectory in the evolving semiconductor landscape.
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