Marvell (MRVL) Gains After Delivering a Beat-and-Raise Quarter, Analyst Upgrades to 'Buy'

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Go back to Marvell (MRVL) Gains After Delivering a Beat-and-Raise Quarter, Analyst Upgrades to 'Buy'

Marvell Technology, Inc. Reports First Quarter of Fiscal Year 2022 Financial Results

June 7, 2021 4:05 PM EDT

SANTA CLARA, Calif., June 7, 2021 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today reported financial results for the first quarter of fiscal year 2022.

Marvell completed the acquisition of Inphi Corporation ("Inphi") on April 20, 2021 (the "acquisition date"), approximately 10 days before the end of the first quarter of fiscal 2022. Marvell's results for the first quarter of fiscal 2022 include the results of Inphi from the acquisition date, while prior periods presented do not.

Financial highlights presented below are for the combined company and Marvell stand-alone (excluding... More