UPDATE: Marvell (MRVL) PT Lowered to $78 at Citi, 'continue to view MRVL as a multi-year data center growth story'
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Marvell Technology, Inc. Reports First Quarter of Fiscal Year 2023 Financial Results
May 26, 2022 4:05 PM EDTQ1 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/ --Â 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
Marvell Achieves Industry-Leading 100,000 400G Coherent DSP Shipment Milestone
May 25, 2022 9:00 AM EDTCignal AI Forecasts 150,000 400Gbps Pluggable Modules to be Shipped by Mid-year 2022
SANTA CLARA, Calif., May 25, 2022 /PRNewswire/ -- Marvell (NASDAQ: MRVL) today announced that it has shipped more than 100,000 400G Coherent Digital Signal Processors (CDSPs), enabling open and standards-based pluggable solutions for cloud and carrier networks worldwide. Marvell's CDSP portfolio includes Canopus, the industry's first 7nm CDSP enabling 400G ZR/ZR+, metro and long haul pluggable optical modules, and the Marvell® Deneb, an ultra-low power, multi-mode... More
