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Marvell Surpasses Earnings but Stock Plummets 16%

3/6/2025

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Summary

Story summary

Marvell Technology (MRVL) achieved adjusted earnings of 60 cents per share, with revenue of $1.82 billion, surpassing estimates.
Despite the positive earnings report, MRVL stock dropped over 16% in after-hours trading.
The company anticipates $1.875 billion in revenue for the upcoming quarter, exceeding analyst predictions.
Growth is fueled by robust demand in data centers and custom AI chip production.

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Story summary

Marvell Technology (MRVL) achieved adjusted earnings of 60 cents per share, with revenue of $1.82 billion, surpassing estimates.
Despite the positive earnings report, MRVL stock dropped over 16% in after-hours trading.
The company anticipates $1.875 billion in revenue for the upcoming quarter, exceeding analyst predictions.
Growth is fueled by robust demand in data centers and custom AI chip production.