Marvell: Overview of Fourth Quarter Financial Results

Marvell Technology Announces Strong Fourth Quarter Results

Marvell Technology, Inc., headquartered in Wilmington, Delaware, revealed its financial performance for the fiscal fourth quarter, reporting a net profit of $396.1 million.

The company achieved earnings of $0.46 per share, with adjusted earnings—excluding certain one-time items—reaching $0.80 per share.

These results surpassed analysts’ predictions, as the consensus among 13 analysts polled by Zacks Investment Research was $0.79 per share in earnings.

Marvell’s revenue for the quarter totaled $2.22 billion, exceeding the $2.2 billion forecasted by 11 analysts surveyed by Zacks.

For the full fiscal year, Marvell reported a net income of $2.67 billion, or $3.07 per share, on total revenue of $8.19 billion.

Looking ahead, the company anticipates earnings per share for the upcoming quarter, ending in April, to fall between $0.74 and $0.84.