Marvell's earnings call highlighted strong growth in revenue and earnings, driven by substantial gains in the Data Center segment and a significant partnership with AWS. However, the call also disclosed a large restructuring charge and forecasted declines in the consumer market due to seasonality. Overall, the positive aspects, especially in the data center business and strategic partnerships, significantly outweigh the challenges noted.

Company Guidance

During the third quarter of fiscal 2025, Marvell Technology Inc. reported strong financial performance, with revenue reaching $1.516 billion, which exceeded the midpoint of guidance by $66 million due to a 19% sequential growth driven primarily by AI demand and execution. Non-GAAP earnings per share were $0.43, reflecting a 43% sequential increase, highlighting the company's operating leverage. The data center end market led with record revenue of $1.1 billion, growing 98% year-over-year and 25% sequentially. Marvell also announced a significant multi-generational agreement with Amazon Web Services to enhance its data center semiconductors. Looking ahead to the fourth quarter, Marvell forecasts revenue growth to accelerate to 26% year-over-year, with expectations for consolidated revenue to grow 19% sequentially at the midpoint of guidance. The company is strategically focusing on its AI-driven data center opportunities, aiming to exceed its full-year AI revenue target of $1.5 billion, and sees a promising setup for fiscal 2026 with expectations for robust growth and improved financial returns.

Revenue and Earnings Growth

Marvell delivered revenue of $1.516 billion, which was $66 million above guidance, growing 19% sequentially and 7% year-over-year. Non-GAAP EPS was $0.43, growing 43% sequentially.

Data Center Segment Performance

Record revenue for the Data Center segment at $1.1 billion, growing 98% year-over-year and 25% sequentially, driven by custom AI silicon ramp.

Strategic Partnership with AWS

Announced a 5-year agreement with Amazon Web Services for custom AI and networking semiconductors, expected to significantly increase business volume.

Strong Cash Flow

Cash flow from operations was $536 million, an increase of $230 million from the previous quarter.

Auto and Industrial Recovery

Automotive and Industrial revenue grew 9% sequentially, indicating a recovery in this end market.

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Marvell Technology Group (GB:0ACJ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GB:0ACJ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jun 07, 2021	2022 (Q1)	0.27 / 0.29	0.18	61.11% (+0.11)	―	―
Aug 26, 2021	2022 (Q2)	0.31 / 0.34	0.21	61.90% (+0.13)	―	―
Dec 02, 2021	2022 (Q3)	0.39 / 0.43	0.25	72.00% (+0.18)	―	―
Mar 03, 2022	2022 (Q4)	0.48 / 0.50	0.29	72.41% (+0.21)	―	―
May 26, 2022	2023 (Q1)	0.51 / 0.52	0.29	79.31% (+0.23)	―	―
Aug 25, 2022	2023 (Q2)	0.56 / 0.57	0.34	67.65% (+0.23)	―	―
Dec 01, 2022	2023 (Q3)	0.59 / 0.57	0.43	32.56% (+0.14)	―
Mar 02, 2023	2023 (Q4)	0.46 / 0.46	0.5	-8.00% (-0.04)	―
May 25, 2023	2024 (Q1)	0.29 / 0.31	0.52	-40.38% (-0.21)
Aug 24, 2023	2024 (Q2)	0.32 / 0.33	0.57	-42.11% (-0.24)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GB:0ACJ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 03, 2024	$96.29	$119.14	+23.73%
Aug 29, 2024	$70.92	$76.09	+7.29%
May 30, 2024	$76.86	$67.26	-12.49%
Mar 07, 2024	$83.98	$75.89	-9.64%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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