About Marvell Technology, Inc. - Common Stock (MRVL)
Marvell Technology Inc is a global semiconductor company that specializes in designing and manufacturing innovative solutions for data infrastructure. The company focuses on providing a wide range of products, including integrated circuits and system-on-chip solutions, that cater to applications in networking, storage, and processing. Marvell's technology enables efficient data transmission and storage, supporting various industries such as telecommunications, computing, and automotive. By leveraging advanced technologies, Marvell aims to drive the performance and efficiency of data centers and enterprise networks, while also contributing to the evolution of connected devices and smart technologies. Read More
A number of stocks jumped in the afternoon session after the major indices rebounded, as the Bureau of Labor Statistics report revealed a resilient labor market with non-farm payrolls rising by 139,000 in May 2025, significantly above the consensus forecast of 125,000.
Shares of networking chips designer Marvell Technology (NASDAQ: MRVL)
fell 6.3% in the afternoon session after the company reported underwhelming first quarter 2025 results: sales and earnings were roughly in line. Free cash flow margin also shrank, and full-year EPS guidance was mostly in line. Overall, this was a mixed quarter.
On Thursday, major U.S. indexes brushed off an appeals court decision to uphold Trump tariffs temporarily and closed higher. The Dow Jones Industrial Average climbed 0.3% to 42,215.73.
Networking chips designer Marvell Technology (NASDAQ: MRVL) announced better-than-expected revenue in Q1 CY2025, with sales up 63.3% year on year to $1.90 billion. Guidance for next quarter’s revenue was better than expected at $2 billion at the midpoint, 1% above analysts’ estimates. Its non-GAAP profit of $0.62 per share was in line with analysts’ consensus estimates.
