Marvell stock soars as strong AI demand yields earnings beat, strong guidance

) reported third-quarter fiscal 2025 earnings that exceeded analyst expectations, driving its stock almost 8% higher in after-hours trading. The company also provided an optimistic outlook for the fourth quarter, citing robust demand for its AI-related products.

Marvell's fourth-quarter guidance also impressed investors. The company forecasts revenue of $1.8 billion , significantly above the $1.646 billion consensus. Adjusted EPS is expected to be $0.59 , topping analyst projections of $0.52. The company anticipates continued momentum, projecting 26% YoY revenue growth for the fourth quarter. Murphy added,"We look forward to a strong finish to this fiscal year and expect substantial momentum to continue in fiscal 2026."Scan QR code to install app

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Fuente: Investingcom - 🏆 450. / 53 Leer más »