Marvell Technology (MRVL) Tops Q2 EPS by 3c
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Marvell Technology, Inc. Reports Second Quarter of Fiscal Year 2022 Financial Results
August 26, 2021 4:05 PM EDTSANTA CLARA, Calif., Aug. 26, 2021 /PRNewswire/ --Â Marvell Technology, Inc. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today reported financial results for the second quarter of fiscal year 2022.
Net revenue for the second quarter of fiscal 2022 was $1.076 billion, which exceeded the midpoint of the Company's guidance provided on June 7, 2021. GAAP net loss for the second quarter of fiscal 2022 was $(276) million, or $(0.34) per diluted share. Non-GAAP net income for the second quarter of fiscal 2022 was $284 million, or $0.34 per diluted share. Cash flow from operations for the second quarter was $222Â million.... More
