Marvell Technology Inc <MRVL.OQ> expected to post earnings of 61 cents a share - Earnings Preview

• Marvell Technology Inc MRVL.OQ MRVL.O is expected to show a rise in quarterly revenue when it reports results on May 29 for the period ending April 30 2025

• The Wilmington Delaware-based company is expected to report a 61.8% increase in revenue to $1.879 billion from $1.16 billion a year ago, according to the mean estimate from 26 analysts, based on LSEG data.The company's guidance on May 6 2025, for the period ended April 30, was for revenue between $1.84 billion and $1.91 billion.

• ​LSEG's mean analyst estimate for Marvell Technology Inc is for earnings of 61 cents per share. The company's EPS guidance on March 5 2025, for the period ended April 30, was between $0.56 and $0.66

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 34 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

• The mean earnings estimate of analysts was unchanged in the last three months. ​

• Wall Street's median 12-month price target for Marvell Technology Inc is $96.00​, above​ its last closing price of $63.82. ​​​

The company's guidance on March 5 2025 for the period ended April 30 was for gross profit margin of USD60%.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

This summary was machine generated May 27 at 23:02 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)