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 Technology, Inc. (NASDAQ: MRVL) announced a conference call to discuss its second-quarter fiscal year 2022 financial results on August 26, 2021, at 1:45 p.m. PT. Interested participants can join by dialing 1-888-317-6003 or 1-412-317-6061 with passcode 6573871, or access the call via webcast on the Marvell Investor Relations website. A replay will be available until September 2, 2021. Marvell has been a trusted provider of semiconductor solutions to major technology firms for 25 years.
On August 3, 2021, Marvell Technology (NASDAQ: MRVL) announced a definitive agreement to acquire Innovium for $1.1 billion in an all-stock transaction. This acquisition aims to enhance Marvell's position in the fast-growing cloud data center market, leveraging Innovium's TERALYNX switching architecture. Innovium is expected to contribute approximately $150 million in incremental revenue next fiscal year. The deal, anticipated to close by the end of 2021, will be neutral to Marvell's non-GAAP EPS in the first full quarter and accretive in the following fiscal year.
Marvell (NASDAQ: MRVL) has been awarded the prestigious Bosch Global Supplier Award for excellence in Direct Purchasing – Mobility Solutions. This recognition highlights Marvell's top-notch performance in delivering advanced data infrastructure semiconductor solutions, making it one of the elite suppliers among approximately 23,000 companies collaborating with Bosch. This marks the 17th time Bosch has honored outstanding suppliers since 1987, underscoring the significance of this achievement.
Marvell (NASDAQ: MRVL) launched its OCTEON 10 DPU, designed for advanced security, networking, and storage workloads in 5G, cloud, and enterprise data centers. This DPU, built on a 5nm process, boasts three times the performance and 50% lower power consumption than previous models. It features AI/ML hardware acceleration, a 1 terabit switch, and supports high-speed I/O with DDR5 and PCIe 5.0. The OCTEON 10 is scalable across various applications, enhancing data processing from cloud to edge devices.
Marvell Technology (MRVL) reported Q1 fiscal 2022 results, highlighting net revenue of $832 million, a year-over-year growth of 17% for stand-alone Marvell. The acquisition of Inphi, completed on April 20, 2021, contributed to the results, with GAAP net loss of $(88 million) or $(0.13) per diluted share. Non-GAAP net income was $202 million, or $0.29 per share. For Q2 FY2022, Marvell expects revenue of $1.065 billion (+/- 3%) and a GAAP EPS guidance of $(0.37) (+/- $0.04).
Marvell (NASDAQ: MRVL) has launched the 1.6T Ethernet PHY, the industry's first with 100G PAM4 I/Os in 5nm technology, enhancing data center bandwidth to accommodate growing data demands. The new device, 88X93160, supports high-density switches, providing a 40% reduction in I/O power compared to existing 50G PAM4 solutions. It doubles bandwidth speeds, significantly aiding cloud workloads, AI, and machine learning applications. This PHY is compliant with IEEE's 802.3ck standards, allowing seamless integration with current 50G modules while preparing for advanced 400GbE and 800GbE links.
Marvell (NASDAQ: MRVL) launched its Atlas™ 50Gbps PAM4 DSP chipset, enhancing high-performance capabilities for cloud data centers and AI applications. This innovation, stemming from the acquisition of Inphi, aims to streamline supply chains and reduce power consumption by 25%. The Atlas chipset simplifies the assembly process for optical modules and supports the growing demand for optical networking. Key features include integration of laser drivers, support for multiple interconnects, and utilization of mainstream CMOS technology, ensuring high reliability and performance.
Marvell (NASDAQ: MRVL) has expanded its Coherent Digital Signal Processor (CDSP) portfolio with the Deneb™ ultra-low power, multi-mode 400G DSP. This new DSP enhances the largest open CDSP ecosystem, facilitating disaggregated optical architectures and accelerating IP-over-DWDM adoption for data center interconnects. Compatible with the existing Canopus™ DSP, Deneb introduces advanced power and thermal management, operating in extreme temperatures from -40°C to 85°C. This strategic expansion aims to support the growth of coherent pluggable optics, expected to triple market adoption by 2022.
Marvell Technology (NASDAQ: MRVL) has declared a quarterly dividend of $0.06 per share, payable on July 28, 2021. Shareholders of record as of July 9, 2021 will receive this payment. This decision reflects the company's ongoing commitment to returning value to shareholders while continuing its operations in providing data infrastructure technology. Marvell's 25-year history with leading tech companies underscores its role in shaping future architectures across various sectors, including enterprise and cloud.
Inphi Corporation, a subsidiary of Marvell Technology Inc. (MRVL), announced the final results of its tender offers for outstanding Convertible Senior Notes. The offers, which expired on June 1, 2021, saw no valid tenders for both the 0.75% Notes due 2021 and 2025. Following a merger on April 20, 2021, holders had a limited period to convert their Notes into shares of MTI at an increased rate, which has now expired. As of June 1, 2021, $115,000 of 2021 Notes and $3,000 of 2025 Notes remain outstanding.
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