Marvell Technology (MRVL) Tops Q2 EPS by 1c, Revenues Beat; Offers 3Q Revenue Mid-Point Guidance Below Consensus, Offers 3Q EPS Outlook

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Go back to Marvell Technology (MRVL) Tops Q2 EPS by 1c, Revenues Beat; Offers 3Q Revenue Mid-Point Guidance Below Consensus, Offers 3Q EPS Outlook

Marvell Technology Group Ltd. Reports Second Quarter of Fiscal Year 2021 Financial Results

August 27, 2020 4:05 PM EDT

SANTA CLARA, Calif., Aug. 27, 2020 /PRNewswire/ -- Marvell Technology Group Ltd. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today reported financial results for the second quarter of fiscal year 2021.

Revenue for the second quarter of fiscal 2021 was $727 million, which exceeded the midpoint of the Company's guidance provided on May 28, 2020. GAAP net loss for the second quarter of fiscal 2021 was $(158) million, or $(0.24) per diluted share. Non-GAAP net income for the second quarter of fiscal 2021 was $140 million, or $0.21 per diluted share. Cash flow from operations for the second quarter was $226 million.... More