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.
On December 14, 2020, Marvell (NASDAQ: MRVL) announced its inclusion in the NASDAQ-100 Index, effective December 21, 2020. This achievement highlights Marvell's growth potential and signifies a pivotal milestone in the company's transformation over the past four and a half years. CEO Matt Murphy credited employee innovation and execution for establishing Marvell as a leading supplier in the semiconductor industry.
The NASDAQ-100 Index features 100 major non-financial companies, reinforcing Marvell's status in the data infrastructure market.
Marvell (NASDAQ: MRVL) has launched its Prestera® DX 7300 series of Ethernet switches, optimized for secure data movement in carrier access and metro networks. These switches support up to 400Gbps speeds, catering to the growing bandwidth demands driven by 5G and IoT. The Prestera DX 7300 features advanced security, low power consumption, and integrates enhanced processing capabilities, enabling them to handle the requirements of modern RAN models. With millions of ports shipped to over 100 customers, this third-generation switch family aims to bolster network performance and secure communications for high-speed applications.
Marvell (Nasdaq: MRVL) has launched its O-RAN portfolio, enhancing its position in the 5G market. The platform, compliant with Open Ran Alliance, utilizes advanced DPU and connectivity technologies to support open RAN and vRAN. Key features include the OCTEON Fusion processors, capable of 15 Gbps capacity, designed for telecom OEMs. This solution offers flexibility, reduced costs, and optimized performance for mobile networks. Development kits are set to be available in Q1 2021, enabling rapid deployment of O-RAN compatible products.
Marvell Technology Group Ltd. (NASDAQ: MRVL) reported Q3 FY2021 revenue of $750 million, reflecting a 13% year-on-year increase, primarily due to a 35% growth in its networking business. The company posted a GAAP net loss of $(23) million or $(0.03) per share, while non-GAAP net income was $168 million or $0.25 per share. Looking ahead, Marvell guides Q4 revenue of $785 million +/- 5%, factoring in supply constraints and U.S. government restrictions on Chinese customers.
Marvell Technology Group Ltd. (NASDAQ: MRVL) has announced a quarterly dividend of $0.06 per share, payable on January 14, 2021. Shareholders of record as of December 23, 2020 will receive this payment. The company emphasizes its commitment to enhancing data infrastructure technology through strong partnerships with leading tech firms.
Marvell (NASDAQ: MRVL) has launched its second-generation Alaska Octal Scalable mGig PHY family, enhancing performance and efficiency for enterprise networking. This new family includes 10G and 2.5/5G PHY transceivers, providing significant improvements in cable reach and power consumption—up to 10% lower than the previous generation. The solutions are part of Marvell's borderless enterprise portfolio, aiming to meet the demands of emerging mobility and cloud applications. The Octal PHYs are available for sampling now.
Marvell (NASDAQ: MRVL) has launched the first 112G 5nm SerDes solution, validated in hardware, enhancing data infrastructure for 5G, enterprise, and cloud data centers. This technology doubles the bandwidth of current 56G systems while achieving over 25% power reduction compared to 7nm, making it ideal for high-performance applications. Marvell has also secured a custom ASIC design win for top-of-rack and spine switches in hyperscale data centers. This breakthrough positions Marvell as a leader in the shift towards 100G serial technology, vital for AI and machine learning workloads.
Marvell Technology Group Ltd. (NASDAQ: MRVL) will host a conference call on December 3, 2020, at 1:45 p.m. Pacific Time, to discuss its third quarter fiscal year 2021 financial results. Interested participants can join the call by dialing 1-844-647-5488 or 1-615-247-0258 with the passcode 3247376. The event will also be broadcasted on the investor relations website, with a replay available until December 10, 2020. Marvell is recognized for its contributions in data infrastructure technology, supporting major tech corporations globally.
Marvell (NASDAQ: MRVL) has launched the first automotive gigabit Ethernet PHY with integrated MACsec technology aimed at enhancing in-vehicle data security. The 88Q222xM Ethernet PHY addresses the growing need for secure communications as the automotive industry anticipates nearly a billion connected cars by 2030. This product not only supports energy-efficient network architectures but also complies with Open Alliance TC10 standards for sleep modes. Moreover, it has a temperature range suitable for harsh automotive environments, contributing to functional safety compliance.
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