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 (NASDAQ: MRVL) will showcase its accelerated infrastructure portfolio at the 2024 OCP Global Summit in San Jose, California, from October 15-17. The company will demonstrate how its innovations enable the next generation of AI and cloud data centers. Marvell will exhibit next-generation silicon technologies, including PAM4 DSPs, PCIe retimers, Ethernet network switches, and CXL devices, designed to meet the scaling requirements of AI-driven workloads and optimize cloud network performance.
Visitors to Marvell's booth B1 can explore products such as Alaska 1.6T PAM4 DSPs, PCIe Gen 6 retimers, COLORZ 800 ZR/ZR+ modules, and Teralynx Ethernet switches. Marvell experts will lead discussions on topics like scaling interconnect and memory for AI clusters, overcoming computing's memory challenges, and open network switching for hyperscale cloud AI infrastructure. The event will feature keynote panels, expo hall sessions, and workshops focusing on various aspects of AI and cloud connectivity.
Marvell Technology, Inc. (NASDAQ: MRVL) will showcase its optical technology innovations at the European Conference on Optical Communication (ECOC) 2024, held from September 22-26 in Frankfurt, Germany. The company will present advancements in PAM4 DSPs, coherent DSPs, and silicon photonics designed to meet the rising performance demands of AI cloud data centers.
Marvell's exhibit at stand B113 will feature solutions for carrier-grade and accelerated infrastructure, including the Nova 1.6T PAM4 DSP for AI and cloud connectivity, Orion 800G coherent DSP for carrier and data center interconnect, and COLORZ® 800G ZR/ZR+ DCI optical modules. The company's experts will participate in workshops and presentations focusing on AI's impact on transmission systems, coherent pluggable technology, and data center interconnects in the AI era.
Marvell Technology (NASDAQ: MRVL) has announced a quarterly dividend of $0.06 per share of common stock. This dividend will be payable on October 31, 2024 to shareholders of record as of October 11, 2024. The announcement demonstrates Marvell's commitment to returning value to its shareholders through regular dividend payments. This quarterly dividend payout is part of the company's ongoing financial strategy to balance reinvestment in growth opportunities with providing direct returns to investors.
Marvell Technology (NASDAQ: MRVL), Lumentum, and Coherent have successfully demonstrated 800G ZR/ZR+ optical modules for data center interconnects up to 500km, an industry first. This achievement enables cloud operators to efficiently scale regional data center connectivity for AI services. The modules, based on Marvell's Orion 800G coherent optical DSP, showcased interoperable metro-distance transmission over a 520km fiber link with a 2dB margin.
The development of these modules extends the reach from the standard 120km to 500km while maintaining compliance with OIF 800G ZR specifications. This advancement in pluggable coherent modules has seen a 100% CAGR since 2022, outpacing other coherent technologies. The interoperability demonstration highlights the expanding application of pluggable modules beyond short-reach data center interconnects, offering cost-effective and power-efficient solutions for cloud and traditional network operators.
Marvell Technology (NASDAQ: MRVL) reported its Q2 FY2025 financial results, with net revenue of $1.273 billion, a 5% year-over-year decline but $23 million above guidance. The company posted a GAAP net loss of $(193.3) million, or $(0.22) per diluted share, while non-GAAP net income was $266.2 million, or $0.30 per diluted share. Q2 saw 10% sequential growth, driven by strong AI demand. For Q3 FY2025, Marvell expects revenue of $1.450 billion ±5% and non-GAAP diluted EPS of $0.40 ±$0.05. The company anticipates growth across all end markets, with data center acceleration and a return to growth in enterprise networking and carrier markets.
Marvell Technology (NASDAQ: MRVL) is showcasing its cloud storage and CXL memory technologies at the Flash Memory Summit 2024. The company's Structera X CXL memory-expansion controller won the 'Most Innovative Sustainability Technology' award. Marvell's booth #1046 will feature demonstrations of Structera CXL near-memory compute, accelerated storage for RAG and AI inference with Bravera SC5, and flexible data placement in QLC SSDs.
Marvell leaders will participate in the 'Pizza, Beer and Chat with the Experts' event. The company is also presenting in several sessions, covering topics such as Flash & Memory Controller Technologies for AI, SSD Technologies for Compute Use Cases, and CXL AI Implications.
Marvell Technology, Inc. (NASDAQ: MRVL) announced that Microsoft will update its fleet of LiquidSecurity HSMs to the FIPS 140-3, Level-3 standard to enhance security in Azure services. Marvell's LiquidSecurity 1 and 2 hardware security modules (HSMs) achieved this certification in June 2024. This stringent certification is important for financial institutions and government organizations.
LiquidSecurity HSMs, powered by OCTEON DPUs, are designed for dense multi-tenant cloud environments. A single LiquidSecurity2 card can manage 100,000 encryption key pairs and process over one million operations per second. According to ABI Research, revenue from cloud-based HSMs is expected to grow from under 15% today to over 40% by 2028.
Marvell Technology, Inc. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, has announced a conference call to review its second quarter fiscal year 2025 financial results. The call is scheduled for Thursday, August 29, 2024, at 1:45 p.m. Pacific Time, following the release of the financial results.
Interested parties can join the conference call through two methods: without operator assistance by registering at https://emportal.ink/4bYingS, or with operator assistance by dialing 1-800-836-8184 or 1-646-357-8785. The call will also be webcast on the Marvell Investor Relations website. A replay will be available until September 5, 2024, by dialing 1-888-660-6345 or 1-646-517-4150, passcode 45397#.
Marvell Technology (NASDAQ: MRVL) has launched the Structera product line of Compute Express Link (CXL) devices to address memory challenges in cloud data centers. The line includes two families: Structera A CXL near-memory accelerators for high-bandwidth applications, and Structera X CXL memory-expansion controllers for high-capacity needs.
Key features include:
- Integration of Arm Neoverse processors
- Inline compression
- Four memory channels
- Support for up to 12 DDR4 memory modules
- 5nm manufacturing processes
The products aim to improve server efficiency, reduce e-waste, and optimize resource utilization for memory-intensive workloads in cloud environments.
Marvell Technology (NASDAQ: MRVL) has announced the immediate availability of its Teralynx 10 51.2 Tbps Ethernet switch in the Linux Foundation's open-source SONiC network operating system. The Teralynx 10 is a programmable switch with the industry's lowest published latency, designed for diverse workloads like cloud data center accelerated infrastructure. This move aligns with the market's shift towards open-network platforms, enabling tailored networking systems and faster development times. SONiC's popularity is growing rapidly, with deployment by seven of the top ten cloud service providers and a projected CAGR of 25%.
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