Marvell Technology falls after Q4 results

Shares of chipmaker Marvell Technology MRVL.O fall 16.2% to $75.50 in extended trading

MRVL reports lower Q4 sales in its wireless carrier and enterprise networking unit

Company reports Q4 sales of $171.4 million in its enterprise networking unit, compared with $265 million a year ago

Posts Q4 sales of $105.8 million in its wireless carrier unit vs $170 million a year earlier

Quarterly EPS of 60 cents came in above est of 59 cents — data compiled by LSEG

MRVL forecast 1Q26 adjusted profit to be 61 cents +/- $0.05 per share, in line with analysts' estimates

Expects 1Q26 revenue of $1.88 billion +/- 5% vs est of $1.87 billion

As of last close, shares down 18.4% YTD