Marvell Technology (MRVL) Tops Q1 EPS by 1c

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Go back to Marvell Technology (MRVL) Tops Q1 EPS by 1c

Marvell Technology, Inc. Reports First Quarter of Fiscal Year 2023 Financial Results

May 26, 2022 4:05 PM EDT

Q1 Net Revenue: $1.447 billion, grew by 74% year-on-yearQ1 Gross Margin: 51.9% GAAP gross margin; 65.5% non-GAAP gross marginQ1 Diluted income (loss) per share: $(0.20) GAAP diluted loss per share; $0.52 non-GAAP diluted income per share

SANTA CLARA, Calif., May 26, 2022 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today reported financial results for the first quarter of fiscal year 2023.

Net revenue for the first quarter of fiscal 2023 was $1.447 billion, which exceeded the midpoint of... More