Marvell Technology Inc

NASDAQ:MRVL   10:06:49 AM EDT
73.73
-0.07 (-0.10%)
Other Pre-Announcement

Marvell Technology Reports Q3 Non GAAP Earnings Per Share $0.43

Published: 12/02/2021 22:05 GMT
Marvell Technology Inc (MRVL) - Marvell Technology, Inc. Reports Third Quarter of Fiscal Year 2022 Financial Results.
Q3 GAAP Loss per Share $0.08.
Q3 Non GAAP Earnings per Share $0.43.
Q3 Revenue Rose 61 Percent to $1.211 Billion.
Q3 Earnings per Share View $0.39, Revenue View $1.15 Billion -- Refinitiv Ibes Data (analyst estimates).
For Q4, Expecting Sequential Revenue Growth of 9% at Midpoint of Guidance.
Sees Q4 GAAP Gross Margin to Be 47.9% to 49.8%.
Sees Q4 Non-GAAP Gross Margin to Be About 65%.
Sees Q4 Non-GAAP Earnings per Share $0.48 +/- $0.03 per Share .
Sees Q4 GAAP Loss per Share $0.03 +/- $0.04 per Share .
Sees Q4 Net Revenue to Be $1.320 Billion +/- 3%.
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