• Sun. Apr 14th, 2024

Marvell Technology’s Q4 Earnings: Amid Slow Growth and Declining Gross Margin, Can the Company Keep Investor Positivity?

BySamantha Johnson

Mar 6, 2024
What to Expect from Marvell Technology’s (MRVL) Q4 Earnings

Marvell Technology, a semiconductor manufacturer and networking chips designer, is set to release its Q4 earnings report after the market closes tomorrow. Last quarter, the company reported revenues of $1.42 billion, which was a 7.7% decrease year-over-year. However, this beat analyst expectations by 1.3%, indicating some strength in the business despite underwhelming revenue guidance for the next quarter and a decline in gross margin.

Heading into the earnings report, analysts are expecting Marvell Technology’s revenue to grow by 0.3% year-over-year to $1.42 billion. This is a slower pace compared to the 5.6% increase the company saw in the same quarter last year. Adjusted earnings are expected to be $0.46 per share.

Many analysts covering the company have maintained their estimates over the last month, indicating stability in expectations for the business. However, Marvell Technology has missed Wall Street’s revenue estimates twice over the past two years. Despite this, investors have shown positive sentiment towards the stock with shares up on average by 8.7% over the last month and an analyst price target of $75.1 compared to a share price of $79.6 as of now .

Looking at the performance of peers in the semiconductor manufacturing segment who have already reported Q4 earnings, it seems that there are challenges facing this industry as a whole . However, there has been positive sentiment among investors in this sector with stocks up on average by 8

By Samantha Johnson

As a content writer at newszkz.com, I delve into the realms of storytelling, blending words to paint vivid narratives that captivate and inform our readers. With a keen eye for detail and a passion for research, I craft compelling articles that resonate with our audience. My love for words drives me to explore diverse topics, ensuring that each piece I create not only educates but also entertains. Join me on this journey as we navigate the ever-evolving landscapes of news and knowledge together.

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