Marvell Technology Inc. (NASDAQ:MRVL) released its fourth-quarter results after Wednesday's closing bell. Here's a look at the details from the report.
The Details: Marvell reported adjusted earnings of 60 cents per share, beating the 59 cent consensus estimate. Quarterly revenue came in at $1.81 billion, which beat the $1.79 billion analyst consensus estimate.
The company also reported cash flow from operations for the fourth quarter of $514 million and 60.1% non-GAAP gross margin.
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“We closed fiscal year 2025 on a high note, delivering record fourth-quarter revenue of $1.817 billion — an increase of 20% sequentially and 27% year-over-year. This performance was driven by strong growth in our data center end market, where revenue increased 78% year-over-year in the fourth quarter, along with a continued recovery in our multi-market businesses,” said Matt Murphy, Marvell’s CEO.
Outlook: Marvell expects first-quarter revenue in a range of $1.78 billion to $1.96 billion, versus the $1.87 billion estimate.
MRVL Price Action: According to data from Benzinga Pro, Marvell Technology shares were down 16.80% after hours at $75 on Wednesday.
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