Marvell Tech

It was a good run with $MRVL (+1,19%)

We're bullish on the long-term potential for $MRVL (+1,19%) .

Marvell's expanded partnership with Amazon AWS, including custom AI products and Ethernet switching silicon, strengthens its position in the AI computing market.

The company recently reported 98% year-over-year growth in its data center business, with data centers now representing 72.6% of total revenue.

$MRVL (+1,19%) Marvell Technology reported earnings

Q3 FY2025 results ended on October 31st 2024

- Revenue: $1.52B, +7% YoY

- Net Loss: $676.3M vs -$164.3M YoY

- Operating Cash Flow: $536.3M, +7% YoY

- GAAP Loss per Share: -$0.78 vs -$0.19 YoY

CEO Matt Murphy: "Marvell's fiscal third quarter 2025 revenue grew 19% sequentially, well above the mid-point of our guidance, driven by strong demand from AI. For the fourth quarter, we are forecasting another 19% sequential revenue growth at the midpoint of guidance."

Revenue & Growth

- Data Center: $1.10B, +98% YoY

- Enterprise Networking: $150.9M, -44% YoY

- Carrier Infrastructure: $84.7M, -73% YoY

- Consumer: $96.5M, -43% YoY

- Automotive/Industrial: $82.9M, -22% YoY

Profits & Financials

- GAAP Gross Margin: 23.0% vs 38.9% YoY

- Non-GAAP Gross Margin: 60.5% vs 60.6% YoY

- GAAP Operating Loss: $702.8M vs $146.3M YoY

- Non-GAAP Operating Income: $373.0M vs $354.1M YoY

Business Highlights

- Custom AI silicon programs now in volume production

- Strong cloud customer demand for interconnect products

- Restructuring related charges of $358.3M

- Stock repurchases of $200M during Q3

- Dividend payments of $51.9M

Future Outlook

- Q4 Revenue: $1.80B ±5%, +26% YoY expected

- Q4 GAAP Gross Margin: ~50%

- Q4 Non-GAAP Gross Margin: ~60%

- Q4 GAAP EPS: $0.16 ±$0.05

- Q4 Non-GAAP EPS: $0.59 ±$0.05

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$MRVL (+1,19%) Marvell Technology's strong Q2 results and ambitious AI revenue targets signal significant growth potential, driven by robust demand in the data center infrastructure market.

The company is still working on establishing solid profitability, but is expecting 17-18% CAGR top line growth through FY25.

Anyone bullish on this stock?🤔

$MRVL (+1,19%) is capitalizing on AI demand with custom silicon solutions, targeting a $421 billion AI market by 2033.

Data center revenue soared 92% year-over-year in Q2, now making up 69% of total revenue. Seeing strong potential upside for the second half. This one on anyone else's holdings or on your radar?🤔