• Sat. Jul 6th, 2024

Marvell Technology Reports Lower-than-Expected EPS for First Quarter of 2025

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Jun 5, 2024

Marvell Technology (NASDAQ: MRVL) reported its first quarter 2025 results, showing a decrease in revenue to US$1.16 billion, down 12% from the first quarter of 2024. The net loss also widened to US$215.6 million, a 28% increase from the same period last year. Earnings per share (EPS) deteriorated to US$0.25 loss, compared to a US$0.20 loss in the first quarter of 2024.

The company’s financial results were in line with analyst estimates for revenue, but EPS missed expectations by 13%. Looking ahead, Marvell Technology forecasts a 16% annual revenue growth on average over the next three years, slightly below the 17% growth forecast for the Semiconductor industry in the US.

The American Semiconductor industry has faced challenges, with Marvell Technology’s shares down 15% from a week ago. It’s important to consider potential risks, as there may still be uncertainties ahead. One warning sign for Marvell Technology has been identified, which investors should take into account.

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