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) has unveiled its industry-first silicon building blocks created on TSMC's 3-nanometer (3nm) process. This includes high-speed SerDes and innovative die-to-die interconnects designed to enhance data infrastructure performance. These new technologies enable data transfer rates up to 240 Tbps, which is 45% faster than current multichip packaging alternatives, significantly reducing system-level bottlenecks. Marvell's advancements support various sectors including cloud computing, AI, and 5G. The company continues to build on its strong portfolio of silicon IP, pushing the boundaries for chips that demand high bandwidth and energy efficiency. With these improvements, Marvell aims to meet the increasing data demands of modern computing systems, particularly in hyperscale data centers.
Marvell Technology, Inc. (NASDAQ: MRVL) announced a quarterly dividend of
This dividend will be distributed to shareholders who are on record as of
Marvell Technology (NASDAQ: MRVL) is set to participate in a webinar hosted by BofA Securities on March 22, 2023, at 8 a.m. PT. The session, titled The Evolution of Cloud Data Center Connectivity, will delve into the latest technologies vital for enhancing data center connectivity, which is crucial for cloud service providers.
Top executives, including Loi Nguyen and Achyut Shah from Marvell, will present alongside Alan Weckel from 650 Group. Interested participants can register via the provided link, with a video replay available afterward.
Marvell Technology, Inc. (NASDAQ: MRVL) showcased its innovative solutions at the 2023 Optical Networking and Communication (OFC) Conference in San Diego from March 5-9. The company presented its groundbreaking Nova™ 1.6T PAM4 electro-optics platform and various networking technologies aimed at enhancing data center connectivity. Notable demonstrations included the Teralynx® switch silicon and COLORZ® II optical modules. Marvell also participated in multiple panels and workshops, focusing on advancements in optical communications. The event highlighted Marvell's commitment to leading the data infrastructure sector.
Marvell Technology reported Q4 fiscal 2023 net revenue of $1.419 billion, up 6% year-over-year, exceeding guidance. GAAP net loss was $(15 million), or $(0.02) per diluted share, while non-GAAP net income reached $396 million, translating to $0.46 per diluted share. For fiscal 2023, total revenue was $5.920 billion, a 33% increase year-on-year. The company anticipates Q1 fiscal 2024 revenue between $1.300 billion +/- 5%, with GAAP gross margin projected at 45.1%.
Despite inventory corrections affecting near-term guidance, management expects conditions to improve in fiscal 2024.
Marvell Technology has launched the industry's first 1.6 Tbps PAM4 electro-optics platform, Nova, which is now sampling to select customers. This platform significantly enhances optical connectivity by doubling bandwidth to 200 Gbps per lambda, facilitating 51.2 Tbps networking architectures. The Nova modules are designed to meet the surge in bandwidth demand driven by AI and ML applications, reducing power and cost per bit by 30%. This innovation is critical for cloud data centers and positions Marvell as a leader in optical DSP technology, supporting the market's transition to high-speed networking.
Marvell Technology, Inc. (MRVL) announced a new cloud-optimized 51.2 Tbps networking platform aimed at alleviating bottlenecks in AI and cloud data center networks. This platform, which boasts four times the bandwidth of existing 12.8 Tbps solutions, utilizes the Teralynx 10 switch chip and Nova 1.6 Tbps electro-optics, both designed to enhance performance while reducing power and costs. Notably, the Nova platform can halve the number of optical modules needed, improving reliability and cost-efficiency. This move addresses the increasing demand for bandwidth, projected to grow over 50% annually, positioning Marvell as a leader in next-generation data infrastructure.
Marvell Technology, Inc. (NASDAQ: MRVL) is set to showcase its latest innovations at MWC Barcelona 2023, the largest global wireless industry tradeshow, from February 27 to March 3, 2023. The company will present advanced 5G solutions in booth 2F34, focusing on high performance and security for carrier networks. Key demonstrations include the OCTEON® 10 Fusion 5G baseband and DSP-powered 50G to 400G modules. Marvell's new OCTEON 10 Fusion processor, noted for its 5nm technology, aims to enhance 5G network capabilities. Collaborations with partners like Nokia and Dell will feature various vRAN accelerators. More details are available on Marvell's website.
FAQ
What is the current stock price of Marvell Technology (MRVL)?
What is the market cap of Marvell Technology (MRVL)?
What does Marvell Technology, Inc. specialize in?
Where is Marvell Technology headquartered?
How many employees does Marvell Technology have?
What recent financial achievements has Marvell Technology reported?
What is Marvell Technology’s stock repurchase program?
What are some key products in Marvell's portfolio?
How does Marvell contribute to AI infrastructure?
What strategic investments has Marvell made recently?
How does Marvell support its investors?
What end markets does Marvell serve?
