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

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

Marvell Technology Group Ltd. Reports Fourth Quarter and Fiscal Year 2020 Financial Results

March 4, 2020 4:05 PM EST

SANTA CLARA, Calif., March 4, 2020 /PRNewswire/ -- Marvell Technology Group Ltd. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today reported financial results for the fourth fiscal quarter and the full fiscal year, ended February 1, 2020. Revenue for the fourth quarter of fiscal 2020 was $718 million. 

Marvell completed the acquisition of Avera Semiconductor ("Avera"), the Application Specific Integrated Circuit ("ASIC") business of GlobalFoundries on November 5, 2019.  Marvell's results for the fourth quarter of fiscal 2020 and fiscal year 2020 include the results of Avera from the acquisition date, while prior periods presented do not. 

On December 6,... More