Marvell Technology Inc

NASDAQ:MRVL   3:59:59 PM EDT
44.49
+1.58 (+3.68%)
4:14:05 PM EDT: $44.47 -0.02 (-0.05%)
Other Pre-Announcement

Marvell Technology Inc Reports Second Quarter Of Fiscal Year 2023 Financial Results

Published: 08/25/2022 20:27 GMT
Marvell Technology Inc (MRVL) - Marvell Technology, Inc. Reports Second Quarter of Fiscal Year 2023 Financial Results.
Q2 GAAP Earnings per Share $0.01.
Q2 Net Revenue $1.517 Billion, Grew by 41% Year-on-year.
Qtrly Non-GAAP Diluted Income per Share $0.57.
Sees Q3 Net Revenue to Be $1.560 Billion.
Expects Q3 2023 GAAP Diluted Income per Share is Expected to Be $0.09 +/- $0.04 per Share.
GAAP Gross Margin is Expected to Be 51.1% +/- 1.1% for Q3 2023.
Expects Q3 2023 Non-GAAP Diluted Income per Share is Expected to Be $0.59 +/- $0.03 per Share.
Non-GAAP Gross Margin is Expected to Be 65.0% +/- 0.25% for Q3 2023.
Q2 Earnings per Share View $0.56, Revenue View $1.52 Billion -- Refinitiv Ibes Data (analyst estimates).
Q3 Earnings per Share View $0.61, Revenue View $1.58 Billion -- Refinitiv Ibes Data (analyst estimates).