Marvell Technology Q2 Earnings Highlights

$MRVL (+4.85%)

🔹 Revenue: $2.01B (Est. $2.01B) 🟡; UP +58% YoY

🔹 EPS: $0.67 (Est. $0.67) 🟡; UP +$0.37 YoY

Q3 Guidance:

🔹 Revenue: $2.06B (Est. $2.1B) 🔴; UP +3% sequential

🔹 EPS: $0.69-$0.79 (Est. $0.72) 🟡; Midpoint $0.74

🔹 Gross Margin: 59.5%-60.0% (Est. 59.3%)

🔹 GAAP EPS: $2.03 +/- $0.05

Q2 End Market Performance:

🔹 Data Center: $1.49B (Est. $1.52B) 🔴; UP +69% YoY

🔹 Enterprise Networking: $193.6M (Est. $184.6M) 🟢; UP +28% YoY

🔹 Carrier Infrastructure: $130.1M (Est. $147.3M) 🔴; UP +71% YoY

🔹 Consumer: $115.9M (Est. $91.9M) 🟢; UP +30% YoY

🔹 Automotive/Industrial: $76.0M (Est. $76.3M) 🔴; DOWN -0.3% YoY

Other Key Metrics:

🔹 Non-GAAP Gross Margin: 59.4%; -2.5 ppt YoY

🔹 Cash Flow from Operations: $461.6M

🔹 GAAP Net Income: $194.8M

🔹 Non-GAAP Net Income: $585.5M

🔹 R&D Expenses: $519.0M; UP +6.6% YoY

CEO Matt Murphy's Commentary:

🔸 "Marvell delivered record revenue of $2.006 billion in the second quarter – a 58% year-over-year increase – and we expect continued growth into the third quarter, accompanied by operating margin and earnings per share expansion."

🔸 "Marvell's growth is being fueled by strong AI demand for our custom silicon and electro-optics products, as well as a significant increase in the pace of recovery in our enterprise networking and carrier infrastructure end markets."

🔸 "Our custom AI design activity is at an all-time high, with the Marvell team now engaged in over 50 new opportunities across more than 10 customers."

Chris@1Chrischi1

2Wk

directly bought another 4, tomorrow at noon another 6 if the price does not rise, nvidia has also fallen and come back and the numbers + outlook at $MRVL are good 😋

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Ramona@Skraja

@1Chrischi1 That's exactly what I did ... except that I issued a limit order - almost a precision landing at the low point :-) The growth figures are too good and the company will grow ... now buy again cheaply and just stay in :-)

MEMO@MEMO1993

@1Chrischi1 the valuation of the stock is crazy and the difference between nvidia and marvel is that nvidia delivers on top with the high valuation, but yes in the long run i can't tell you how it will turn out because i don't know marvel in detail :/

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Matthias@M5557

👏

Markus@Nobody23

And shares fall from +4 to - 3 %

It's the same as always🙈

MatisseVerleye@MatisseVerleye

Yes, indeed, strong results! But what about the failure to meet expectations in the data center sector? The same applies to AMD and Nvidia. How do you see the possibly too high expectations? I bought at 60 and 75. Now it makes up 9% of my portfolio. Are you still buying more? And do you have any expectations regarding a possible revaluation? When could this take place? In my opinion, the low valuation is due to the fact that the market for customized ASICs is not yet strong enough.