Marvell Technology (MRVL) Reports In-Line Q4 EPS, Guidance Misses

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Marvell Technology, Inc. Reports Fourth Quarter and Fiscal Year 2024 Financial Results

March 7, 2024 4:05 PM EST

Q4 Net Revenue: $1.427 billion, grew by 1% year-on-yearQ4 Gross Margin: 46.6% GAAP gross margin; 63.9% non-GAAP gross marginQ4 Diluted income (loss) per share: $(0.45) GAAP diluted loss per share; $0.46 non-GAAP diluted income per share

SANTA CLARA, Calif., March 7, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the fourth fiscal quarter and... More