Marvell Technology (MRVL) Reports In-Line Q4 EPS, Offers Q1 Guidance

Marvell Technology (NASDAQ: MRVL) reported Q4 EPS of $0.29, in-line with the analyst estimate of $0.29. Revenue for the quarter came in at $798 million versus the consensus estimate of $794.3 million.

GUIDANCE:

Marvell Technology sees Q1 2021 EPS of $0.23-$0.31, versus the consensus of $0.27. Marvell Technology sees Q1 2021 revenue of $800 million, versus the consensus of $793 million.

• Net revenue is expected to be $800 million +/- 5%.
• GAAP gross margin is expected to be approximately 52.5%.
• Non-GAAP gross margin is expected to be approximately 63.5%.
• GAAP operating expenses are expected to be approximately $391 million.
• Non-GAAP operating expenses are expected to be approximately $300 million.
• Basic weighted-average shares outstanding are expected to be 677 million.
• Diluted weighted-average shares outstanding are expense to be 690 million.
• GAAP diluted income (loss) per share is expected to be $(0.05) to $0.05 per share.
• Non-GAAP diluted income per share is expected to be $0.23 to $0.31 per share.

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

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