Marvell Technology (MRVL) Reports In-Line Q4 EPS, Offers Q1 Guidance
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Marvell Technology Group Ltd. Reports Fourth Quarter and Fiscal Year 2021 Financial Results
March 3, 2021 4:05 PM ESTSANTA CLARA, Calif., March 3, 2021 /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 January 30, 2021.
Net revenue for the fourth quarter of fiscal 2021 was $798 million, which exceeded the midpoint of the Company's guidance provided on December 3, 2020. GAAP net income for the fourth quarter of fiscal 2021 was $17 million, or $0.02 per diluted share. Non-GAAP net income for the fourth quarter of fiscal 2021 was $201 million, or $0.29 per diluted share. Cash flow from operations for the... More
