Marvell Technology (MRVL) Tops Q4 EPS by 1c, Offers Q1 Guidance

Marvell Technology (NASDAQ: MRVL) reported Q4 EPS of $0.17, $0.01 better than the analyst estimate of $0.16. Revenue for the quarter came in at $718 million versus the consensus estimate of $712.95 million.

GUIDANCE:

Marvell Technology sees Q1 2021 EPS of $0.11-$0.17, versus the consensus of $0.13. Marvell Technology sees Q1 2021 revenue of $680 million at mid-point, versus the consensus of $674.8 million.

• Revenue is expected to be $680 million +/- 5%.
• GAAP gross margin is expected to be approximately 47.5%.
• Non-GAAP gross margin is expected to be approximately 63%.
• GAAP operating expenses are expected to be $410 million +/- $3 million.
• Non-GAAP operating expenses are expected to be $310 million +/- $2.5 million.
• GAAP diluted loss per share is expected to be $(0.20) to $(0.12) per share.
• Non-GAAP diluted income per share is expected to be $0.11 to $0.17 per share

For earnings history and earnings-related data on Marvell Technology (MRVL) click here.

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