Marvell Technology (MRVL) Tops Q4 EPS by 2c, Offers Guidance

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Go back to Marvell Technology (MRVL) Tops Q4 EPS by 2c, Offers Guidance

Marvell Technology, Inc. Reports Fourth Quarter and Fiscal Year 2022 Financial Results

March 3, 2022 4:05 PM EST

SANTA CLARA, Calif., March 3, 2022 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today reported financial results for the fourth fiscal quarter and the full fiscal year, ended January 29, 2022.

Net revenue for the fourth quarter of fiscal 2022 was $1.343 billion, which exceeded the midpoint of the Company's guidance provided on December 2, 2021. GAAP net income for the fourth quarter of fiscal 2022 was $6 million, or $0.01 per diluted share. Non-GAAP net income for the fourth quarter of fiscal 2022 was $429 million, or $0.50 per diluted share. Cash flow from operations for the fourth... More