Marvell Technology jumps on Q2 earnings beat

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Marvell Technology Notícia

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Marvell Technology (MRVL) reported fiscal 2025 second quarter results that were slightly better than Wall Street was expecting. Adjusted earnings per share...

) reported fiscal 2025 second quarter results that were slightly better than Wall Street was expecting. Adjusted earnings per share of $0.30 topped the estimated $0.29. Net revenue was $1.27 billion versus the expected $1.25 billion. For Q3, the company forecasts net revenue of $1.450 billion +/- 5%, which is better than expected.The street was at 1.4 billion.Remember uh Marvell makes chips for data centers for networking, other equipment investors.

We saw strong growth from our electro optics products and our custom A I programs beginning to ramp up.

 

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