Marvell expects first-quarter revenue to surpass projections

Marvell Technology Expects Strong First-Quarter Revenue Driven by AI Demand

On March 5, Marvell Technology projected its first-quarter revenue to surpass Wall Street's expectations, reflecting increasing interest in custom chips designed for data centers that power artificial intelligence solutions.

The company anticipates revenue of approximately $2.40 billion for the first quarter, with a possible variation of 5%. This outlook exceeds the average analyst forecast of $2.27 billion, as reported by LSEG.

Reported by Jaspreet Singh in Bengaluru; edited by Tasim Zahid.