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. (MRVL) drives innovation in semiconductor solutions for data infrastructure, networking, and AI acceleration. This news hub provides investors and technology professionals with direct access to official corporate announcements and strategic developments.
Track MRVL's latest financial results, product launches, and partnership announcements through verified press releases. Our curated collection includes updates on custom silicon innovations, data center advancements, and connectivity solutions shaping next-generation infrastructure.
Key content areas span quarterly earnings disclosures, technology roadmap updates, executive leadership changes, and industry recognition milestones. Bookmark this page for real-time updates on Marvell's contributions to 5G infrastructure, cloud computing architectures, and automotive electronics development.
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Marvell Technology Group Ltd. (NASDAQ: MRVL) has declared a quarterly dividend of $0.06 per share, payable on April 28, 2021, to shareholders of record as of April 9, 2021. This decision emphasizes the company's commitment to returning value to its shareholders while continuing to build infrastructure technology solutions for various industries. Marvell has been a trusted partner for leading tech companies for 25 years, focusing on transforming enterprise, cloud, automotive, and carrier architectures.
Marvell Technology Group Ltd. (NASDAQ: MRVL) reported fourth-quarter net revenue of $798 million, exceeding previous guidance. GAAP net income was $17 million ($0.02/share), while non-GAAP net income was $201 million ($0.29/share). For fiscal 2021, total net revenue reached $3.0 billion, with a GAAP net loss of $(277 million) ($(0.41/share)). Non-GAAP net income for the year was $627 million ($0.92/share). Looking ahead, Marvell expects first-quarter revenue of $800 million +/- 5%, with guidance reflecting potential impacts from U.S. export restrictions and ongoing pandemic uncertainties.
Marvell (NASDAQ: MRVL) announced its collaboration with Facebook Connectivity to join the Evenstar program, focusing on developing a 4G/5G OpenRAN Distributed Unit (DU) design. Utilizing the OCTEON Fusion baseband processors, the DU aims to enhance the OpenRAN ecosystem by providing a cost-optimized, interoperable solution for mobile network operators. The DU supports up to 16 downlink layers with high-performance capabilities, ready for trials by next year. This partnership underscores Marvell's dedication to advancing OpenRAN technology and fostering collaborative efforts within the industry.
Marvell (NASDAQ:MRVL) announced a partnership with Fujitsu to supply its OCTEON Fusion baseband processors for Fujitsu's 5G NR base stations. This collaboration aims to enhance Fujitsu's 5G RAN footprint globally, leveraging Marvell's technology to meet diverse network needs. The OCTEON Fusion processors are now in volume production and are gaining traction among telecom OEMs, indicating a strong demand for advanced 5G solutions.
Marvell (NASDAQ: MRVL) announced the shipping of its HDD controller and preamplifier for Toshiba's MG09 Series 18TB Cloud-Scale HDDs, signaling a strengthened partnership. This new product, utilizing innovative MAMR technology, addresses the growing demand for high-capacity storage solutions in cloud data centers. The MG09 Series offers reliability and efficiency, catering to diverse workloads. Toshiba cited Marvell's technology as crucial for expanding capacity while maintaining quality. This collaboration follows their prior success with Toshiba's MG08 16TB HDD.
Marvell Technology Group Ltd. (NASDAQ: MRVL) will hold a conference call on March 3, 2021, at 1:45 p.m. PT to discuss its fourth fiscal quarter and fiscal year 2021 financial results. Interested parties can join the call by dialing 1-844-647-5488 or 1-615-247-0258 with passcode 1390587. The call will also be webcasted, with a replay available until March 10, 2021. Marvell continues to partner with leading technology companies to advance data infrastructure and semiconductor solutions.
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.
