Marvell Technology Q3 2023 Earnings: Estimates Expected

Marvell Technology (NASDAQ: MRVL) Q3 2023 results

Key financial results

  • Revenue: $1.54 billion (up 27% from Q3 2022).
  • Net income: 13.3 million USD. dollars (had a loss of $62.5 million in the third quarter of 2022).
  • Margin: 0.9% (up from net loss in Q3 2022).
  • EPS: $0.016 dollars (had a loss of $0.075 in Q3 2022).
NasdaqGS: MRVL Revenue and Earnings Growth December 3, 2022

All figures shown in the chart above are for the last 12 months (TTM).

Marvell Technology’s revenue and earnings beat expectations

Revenue missed analysts’ estimates by 1.3%. Earnings per share (EPS) also missed analysts’ estimates by 81%.

Going forward, revenue is expected to grow at an average annual rate of 14% over the next 3 years, compared to 7.1% growth for the US semiconductor industry.

performance of American semiconductor industry.

The company’s stock is up 4.0% from a week ago.

Risk analysis

Investment risk is still a constant consideration. We identified 1 warning sign With Marvell technologyand understanding this should be part of your investment process.

Valuation is complex, but we help make it simple.

find out if Marvell technology This may include overestimates or underestimates when examining our comprehensive analysis fair value calculations, risks and caveats, dividends, insider trading, and financial health.

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This Simply Wall St article is general in nature. We provide commentary using only unbiased methodology based on historical data and expert forecasts, and our articles are not intended to provide financial advice. It is not a recommendation to buy or sell any stock and does not take into account your goals or financial situation. We aim to provide you with focused long-term analysis based on fundamental data. Please note that our analysis does not affect the latest price-sensitive company announcements or quality materials. Simply Wall St has no position in the listed stocks.

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