Marvell Technology Reports Strong Q4 Revenue, Yet Stock Takes a Hit
March 5, 2025 - 22:51
Networking chip designer Marvell Technology has reported impressive financial results for the fourth quarter of the fiscal year 2024, revealing a 27.4% increase in revenue year-on-year, totaling $1.82 billion. This performance surpassed market expectations, showcasing the company’s resilience in a competitive industry.
Looking ahead, Marvell anticipates revenue for the upcoming quarter to reach approximately $1.88 billion, aligning closely with analysts' projections. This forward guidance reflects a steady outlook for the company as it continues to navigate the evolving landscape of technology and networking solutions.
Additionally, the company reported a non-GAAP profit of $0.60 per share, matching the consensus estimates set by analysts. Despite these positive financial indicators, Marvell's stock experienced a notable decline of 13.3% following the announcement. Investors appear to be reacting to broader market trends or concerns beyond the company's strong quarterly performance.
MORE NEWS
December 21, 2025 - 19:37
Does Technology Help or Harm Employees? Exploring the Balance in Employee WellbeingIn today`s fast-paced, tech-driven workplace, the impact of technology on employee wellbeing has become a pressing concern. Organizations are increasingly investing in wellbeing technologies,...
December 21, 2025 - 12:52
MACOM Technology Solutions: Implications of Optical Interconnect Growth for InvestorsRecently, MACOM Technology Solutions has garnered attention for its impressive revenue and earnings growth, particularly in the realm of next-generation optical connectivity. The company is making...
December 20, 2025 - 19:26
Emerging Global Hubs for Robotics and FinanceFor much of the past half-century, Silicon Valley has been synonymous with technological innovation, particularly in computing, semiconductors, and software. However, a shift is underway as cities...
December 20, 2025 - 02:22
NASA's New Technology Allows Seamless Communication in Space MissionsJust like your cellphone stays connected by roaming between networks, NASA’s Polylingual Experimental Terminal, or PExT, technology demonstration is proving space missions can do the same by...