US EditionMarvell Technology, Inc. Reports First Quarter of Fiscal Year 2026 Financial Results
- On May 29, 2025, Marvell Technology, Inc., based in Santa Clara, California, announced its earnings for the initial quarter of fiscal 2026.
- The results reflect a 63% year-over-year net revenue increase due to strong demand for its data infrastructure semiconductor solutions.
- Net revenue reached $1.895 billion, exceeding the guidance midpoint by $20 million, with GAAP gross margin at 50.3% and GAAP diluted EPS at $0.20.
- Cash flow from operations was $332.9 million, and the company announced a Custom AI Investor Event scheduled for June 17, 2025, to showcase growth in custom silicon business.
- Marvell anticipates second quarter net revenue of about $2 billion with risks including market volatility, customer concentration, geopolitical conflicts, and supply chain challenges.
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Marvell Technology (NASDAQ:MRVL) Price Target Cut to $85.00 by Analysts at Needham & Company LLC
Marvell Technology (NASDAQ:MRVL – Free Report) had its target price reduced by Needham & Company LLC from $100.00 to $85.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock. MRVL has been the subject of several other research reports. Stifel Nicolaus lowered their price objective on Marvell Technology from $115.00 to $80.00 and set a “buy” rating for t…
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Marvell Technology, Inc. Reports First Quarter of Fiscal Year 2026 Financial Results
Q1 Net Revenue: $1.895 billion, a new record, grew by 63% year-on-yearQ1 Gross Margin: 50.3% GAAP gross margin; 59.8% non-GAAP gross marginQ1 Diluted income per share: $0.20 GAAP diluted income per share; $0.62 non-GAAP diluted income per share
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