Chipmaker Marvell postpones investor day citing macroeconomic uncertainty; narrows revenue forecast
ReutersMay 6, 2025 8:46 PM
May 6 (Reuters) - Networking and custom AI chipmaker Marvell Technology MRVL.O said on Tuesday it is postponing a previously scheduled investor day conference, citing a "dynamic macroeconomic environment," as global trade tensions generate economic uncertainty.
The company also narrowed its forecast range for the first quarter of fiscal 2026, but maintained the midpoint of its outlook.
Net revenue is now expected to be approximately $1.875 billion, within a range of plus or minus 2%, compared to the prior range of plus or minus 5%.
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