Welcome to our dedicated page for Marvell Technology news (Ticker: MRVL), a resource for investors and traders seeking the latest updates and insights on Marvell Technology stock.
Marvell Technology, Inc. (NASDAQ: MRVL) stands as a global leader in the semiconductor industry, specializing in the design and manufacture of data infrastructure solutions. With roots dating back to 1995, Marvell has built a robust international presence, employing over 7,000 professionals across its numerous design centers located in places such as China, Europe, Hong Kong, India, Israel, Japan, Malaysia, Singapore, Taiwan, and the U.S. The company's U.S. subsidiary operates out of Santa Clara, California.
Marvell Technology excels as a fabless semiconductor company, shipping over one billion chips annually. These chips are pivotal to various sectors including data centers, automotive, enterprise, carrier infrastructure, and consumer markets. The company's extensive product portfolio encompasses processors, optical and copper transceivers, switches, and storage controllers. Marvell's core competencies in microprocessor architecture and digital signal processing empower it to drive high-volume storage solutions, mobile and wireless technologies, and networking products.
The company's recent achievements underscore its commitment to innovation and growth. Marvell reported fourth-quarter fiscal 2024 revenue of $1.427 billion, surpassing the mid-point of its guidance. AI-driven advancements significantly boosted data center revenue by 38% sequentially and 54% year-over-year. Additionally, Marvell's technology is essential for evolving AI infrastructure, positioning it well for future growth as AI continues to expand.
In fiscal 2025, Marvell anticipates continued growth in its data center revenue, bolstered by shipments of cloud-optimized silicon for AI. Despite some softness in consumer, carrier infrastructure, and enterprise networking demand, the company projects a recovery in the latter half of the fiscal year. Currently, Marvell is exploring strategic initiatives such as a $3 billion stock repurchase program, aimed at enhancing shareholder value.
Moreover, Marvell has recently introduced pioneering products like the Marvell Nova 2, the industry's first 1.6 Tbps PAM4 optical DSP, meeting the rising performance demands of AI and high-performance computing. This innovation in optical connectivity underscores Marvell's commitment to staying at the forefront of data infrastructure solutions.
News Highlights:
- Marvell reported financial results for the fourth fiscal quarter and fiscal year ended February 3, 2024, noting significant revenue driven by AI applications.
- The company’s Board of Directors authorized a $3 billion addition to its stock repurchase program, marking the largest repurchase authorization in its history.
- Silicon Box announced a major investment in Northern Italy to build a state-of-the-art semiconductor assembly and test facility, further expanding Marvell's global footprint.
- Marvell introduced the Nova 2 DSP to meet the escalating performance demands of AI and high-performance computing.
With a commitment to collaboration and transparency, Marvell continues to transform enterprise, cloud, automotive, and carrier architectures to better serve the dynamic market needs. Investors can stay updated on Marvell's financial and technological advancements through regular conference calls and webcasts hosted by the company.
Marvell (NASDAQ: MRVL) is showcasing its innovative storage and memory technologies at the Flash Memory Summit 2022, held from August 2-4 in Santa Clara, California. Highlights include the first Compute Express Link (CXL) memory pooling demonstration, aimed at enhancing cloud data center performance. Marvell's Bravera SC5 controller and various SSD solutions are among the key products featured. Notable sessions include presentations on cloud-optimized silicon and NVMe data protection. This participation underscores Marvell's commitment to advancing data infrastructure technologies.
Marvell Technology, Inc. (NASDAQ: MRVL) will host a conference call on August 25, 2022, at 1:45 p.m. PT to discuss its second-quarter fiscal year 2023 financial results. Interested participants can join via phone at 1-888-317-6003 or 1-412-317-6061 with passcode 6112887, or access the live webcast on the Marvell Investor Relations website. A replay of the call will be available until September 1, 2022.
With over 25 years in the industry, Marvell provides infrastructure semiconductor solutions, partnering with leading technology companies.
Marvell (NASDAQ: MRVL) has joined the Universal Chiplet Interconnect Express (UCIe) Consortium to contribute to the development of open chiplet interconnect standards. This collaboration aims to create a robust ecosystem for interoperable chiplets, leveraging Marvell's expertise in chiplet interconnect and packaging. The company's participation complements its existing work in the Open Compute Project and Optical Internetworking Forum, focusing on multi-node 5nm and 3nm chiplet connectivity. Industry experts express optimism about Marvell's role in standardizing high-speed interconnect solutions for complex data center applications.
Marvell Technology, Inc. (NASDAQ: MRVL) announced a quarterly dividend of $0.06 per share, payable on July 27, 2022, to shareholders on record as of July 8, 2022. This move demonstrates the company's commitment to rewarding shareholders while it continues to enhance its data infrastructure technology. Marvell has established trusted partnerships with leading technology companies for over 25 years, focusing on delivering solutions that secure and manage data for various sectors including enterprise and cloud.
Marvell (NASDAQ: MRVL) will participate in The Six Five Summit on June 8, 2022, delivering a keynote titled 'The Cloud-Optimized Silicon Era'. CEO Matt Murphy will discuss market dynamics impacting the semiconductor industry and outline Marvell's strategy across data center, carrier, automotive, and enterprise sectors. The focus will be on optimizing unique cloud systems and previewing disruptive technologies for future data infrastructure, including innovations for the metaverse and advancements in AI and machine learning.
Marvell (NASDAQ: MRVL) launched its third generation Brightlane Ethernet Switch, enhancing automotive network security and reliability. This switch is the first to feature lockstep dual-core Arm processing, improving safety for software-defined vehicles (SDVs). Key features include advanced security protocols, increased bandwidth, and support for Time-Sensitive Networking (TSN) standards. Designed to meet ISO 26262 ASIL-B safety standard, the switch comes in nine and sixteen-port versions. Volume production is expected later this year, targeting collaborations with leading auto manufacturers.
Marvell Technology (MRVL) reported Q1 fiscal 2023 net revenue of $1.447 billion, reflecting a 74% year-on-year growth. The GAAP net loss was $(166) million, or $(0.20) per diluted share, while non-GAAP income was $448 million, or $0.52 per diluted share. Cash flow from operations reached $194.8 million. The company expects Q2 revenue at $1.515 billion, with a projected 5% sequential growth. GAAP gross margin is anticipated between 49.6% and 51.9%.
Marvell (NASDAQ: MRVL) has announced the shipment of over 100,000 400G Coherent Digital Signal Processors (CDSPs), marking a significant milestone in the deployment of open and standards-based pluggable solutions for cloud and carrier networks globally. The CDSP portfolio includes innovative products like Canopus™ and Deneb™, designed for high-performance networking. Marvell has pioneered several industry firsts in 400G technology, enhancing flexibility and efficiency in network upgrades. This achievement positions Marvell as a leader in the growing 400Gbps pluggable ecosystem.
Marvell (NASDAQ: MRVL) will participate in a webinar hosted by J.P. Morgan on May 17, 2022, focusing on the impact of Compute Express Link™ (CXL™) on cloud data center architectures. The session titled Marvell's Vision for Transforming Cloud Data Centers with CXL will address how CXL technology enhances performance for emerging AI/ML applications. Key presenters include Dan Christman and Thad Omura, with registration available online. A video replay will be accessible post-event. This initiative underscores Marvell's commitment to advancing data infrastructure solutions.
Marvell (NASDAQ: MRVL) announced its acquisition of Tanzanite Silicon Solutions, enhancing its Compute Express Link™ (CXL™) technology portfolio in an all-cash deal. The acquisition aims to address significant memory scaling challenges faced by data centers and improve resource allocation for AI and ML workloads. As a result, Marvell expects to strengthen its position in the cloud market with innovative solutions that optimize performance and reduce costs. The transaction is anticipated to close in Q2 of the fiscal year, pending shareholder approval.
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